Introduction

There is a rich variety of business vehicles in Nigeria, ranging from business organisations formed by only a single individual to business organisations collectively owned by hundreds of people. These different structures are moulded to suit multiple business peculiarities, giving investors a wide latitude of business models to choose from. The distinctions between the various business structures are based on whether or not the liability of members are limited, how the liability is limited, whether the organisation enjoys the status of incorporation or whether the organisation has an equity capital.