What people generally faced with your consideration decide to do is; register as an Incorporated Trust.
Granted, Incorporated Trusts are generally not subject to Companies Income Tax but where they are engaged in business they may be required to file returns and / or make remissions of Value Added Tax and Capital Gains Tax (for disposal of assets) where necessary.
11 months, 2 weeks ago
Thank you , Isochukwu N. However would the School Fees not be seen as PROFIT by the CAC, therefore viewed as improper to so registered? Is registering it under Companies Ltd by Guarantee,a better option?