Can business in Nigeria change it’s legal entity type?

Indeed, it is possible for a business in Nigeria to alter its legal entity type. This process entails multiple steps, such as seeking guidance from experts, establishing a new entity, transferring assets and operations, dissolving the previous entity, and informing stakeholders. The procedures involved can differ based on the existing and intended business structures and regulations. It is essential to seek advice from professionals and guarantee that all steps are executed accurately to prevent potential legal and financial consequences.