Choosing your business type

When you create a business, you'll choose a business type. Pick the one that matches how your business is set up.

The options

• Private Limited (Ltd) — a registered company with shares held privately.
• Limited Liability Partnership (LLP) — a partnership with limited liability for partners.
• Public Limited (PLC) — a company whose shares can be offered to the public.
• Sole Proprietor — a single owner trading in their own name.
• Partnership — two or more people running a business together.
• Cooperative — a member-owned and member-run organisation.

Which should I pick?

Choose the structure shown on your registration documents. If you're a freelancer or single-owner trader without CAC registration, Sole Proprietor is usually right and you can start at Tier 1 with just your BVN and NIN.

Tip: Your business type doesn't cap your limits on its own. Limits depend on your verification tier. See Verification tiers and limits.

What's next

• Create your business: see Set up your first business.
• Not sure if you qualify? Email support@boldswitch.ng with a short description and we'll confirm.