This is a very important question — and many business owners get this wrong.

First, you registered your business as a Business Name with Corporate Affairs Commission (CAC).

That means your business is NOT a separate legal person from you.

This changes how you should buy property.

Short Answer

If you’re registered under Business Name:

✅ Best to buy property in your PERSONAL NAME

⚠️ Using Business Name has limitations and risks

Why Personal Name is Usually Better (For Business Name Owners)

A Business Name:

Is not separate from the owner

Cannot fully own assets independently

You are legally the same as the business

So if you buy:

Land

Building

Generator / Engine

Equipment

It’s often safer to use your personal name.

Example

Instead of: Jeremiah Electrical Services

Use: Jeremiah Ochoyoda

This avoids:

Legal confusion

Ownership disputes

Bank financing issues later

When Should You Use Business Name?

You can use Business Name when buying:

Small tools

Equipment

Office furniture

Business assets (non-land)

But for major investments like:

Land

Building

Property

Personal name is safer.

Best Long-Term Strategy (Expert Advice)

If you’re planning serious investments:

Upgrade from: Business Name → Limited Liability Company (Ltd)

Because a Limited Company:

Can own land legally

Can open corporate bank accounts

Protects your personal assets

Looks more professional

Example: Jeremiah Electrical Services Ltd

This is the best structure for property investment.

Real-Life Practice

Most smart business owners:

Start with Personal Name

Grow business

Register Limited Company

Start buying properties under Company Name