Yes, you can upgrade your registered business name to a limited liability company. To do so however, you are required to;
1. Ensure the business name has filed its annual returns with the Corporate Affairs Commission since registration and it is up to date. The purpose of filing annual returns regularly is to inform the Commission with which it was registered, that such business is a going concern.
2. Apply to the Registrar General of the Commission, requesting to upgrade your registered business name to a Limited Liability Company. You would also be expected to submit your business registration certificate while making this application.
3. Upon obtaining consent, you may proceed to incorporate a company with the same name as that of the business name. You would be expected to pay administrative charges required for registration.
4. Upon registration, a certificate would be issued to that effect.
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