A General Partnership involves persons, corporations, or trusts coming together to form a lasting partnership for a specific period.

Two or more parties agree to share a jointly-owned business's responsibilities, assets, profits, and financial and legal liabilities in this business arrangement. Liabilities are not capped as they would be in a partnership formed as a Limited Liability Partnership (LLP) or a Limited Liability Company (LTD)

Partners share responsibilities, profits, and liabilities, with no separate legal entity created. They are collectively responsible for each other's actions in a general partnership, and personal assets are at risk. The partnership may dissolve if a partner withdraws or passes away. No restrictions exist on who can become a partner and minimum share capital is required.

We offer a range of services to make it easy for you to get started, from facilitating registration with the Corporate Affairs Commission (CAC) to obtaining your Tax Identification Number (TIN). Our comprehensive business support will ensure you have everything you need to succeed.

Start your business today with SplashDict!

General Partnership certificate nigeria

Register your General Partnership Business in Nigeria

Here's how SplashDict's team of CAC-accredited consultants can help:

  • Business Name Search and Reservation: We'll check availability and reserve your desired name with the CAC.

  • Documentation Preparation: We assist in preparing all necessary documents for registration.

  • Submission and Processing: We ensure all requirements are met and manage the submission process for efficient processing by the CAC.

  • Including CAC filing fee: Included in the price of all our packages. There are no hidden costs, what you see is what you get.

  • Tax Identification Number (TIN): We facilitate TIN acquisition From the FIRS.

  • Delivery of documents: Upon registration, we provide Documents including - the Certificate of Registration and Status Report.

  • Secure Digital Storage: Your documents are securely stored online for easy access without extra cost or waiting.

  • SCUMML Certificate: We obtain the Special Control Unit against Money Laundering certificate to ensure compliance.

  • Business Bank Account: We offer you a choice of up to 8 business bank or payment institution accounts, including popular ones like GTB, UBA, and First Bank.

  • Free Domain Name: To help establish your business online, we'll give you a free .com or .com.ng domain name for a year.

  • Unlimited Support: We’re here for our customers whenever you need; call, email, or chat with us and we’ll be happy to help.

Our Process

Make Payment Online

Add the product to the cart on the product page, then proceed to checkout and complete the secured online payment.

Tell us about your business

Come up with a name for your business and Answer a few questions. Our easy online form can be completed in just 5 minutes or less.

We'll process Application

Based on the information you provide, We will process and file the documents.

Receive your documents

Once your registration documents have been approved by the Corporate Affairs Commission (CAC), you will receive your completed business entity package by e-mail/mail.

Why choose SplashDict?


Register on our platform in 5 minutes - we'll then prepare and file all the necessary documents.


100% digital processes - ensuring smooth delivery, from anywhere, anytime.


Founders can always rely on us to securely manage their confidential information—safe from any unauthorized and prying eyes.

Transparent pricing

No hidden fees, no bad surprises - helping you plan ahead.


Find the best package to start your business:



  • Nigerian General Partnership Business Name Registration
  • CAC Filing Fee Included
  • Digital delivery of Certificate of Registration
  • Digital delivery of Status report
  • Digital Storage of Documents
  • Tax Identification Number (TIN) inclusive
  • Registered in 2-7 working days
  • Lifetime Support and Assistance



  • All included in the Standard Plan
  • 1-year Full Corporate Secretarial Support
  • Printed Company Documents (Certificate of Registration, Status Report)
  • VAT Registration
  • Business Seal
  • Business Bank Account opening assistance
  • Free .com or .com.ng Domain Name

Requirements for Registering a General Partnership in Nigeria

To complete the Registration of Your General Partnership Firm in Nigeria, you'll have to provide the following details upon Submission;

  • Proposed Name of the Business (2 Names).
  • The objectives and nature of business.
  • Details of at least 2 partners (Name, address, signature, passport, I.D, phone, email, etc).
  • Details of verifiable registered address and address of the head office (if different from registered address), company’s email, and phone number.
  • Partnership Agreement (We can provide this). 

Features of General Partnership Business

How does a General Partnership Work?

  • Formation: A general partnership is formed when two or more individuals agree to carry on a business together to make a profit. 

  • Ownership and Management: Each partner contributes capital, labor, skills, or property to the partnership and shares in the profits and losses according to the partnership agreement or, if no agreement exists, equally. 

  • Partnership Agreement: The partnership should have a formal, written partnership agreement with details such as the partners' rights and responsibilities, and how profits should be allocated.


  • Individual Decision-Making: In a general partnership, each partner has the agency to unilaterally enter into binding agreements and business deals, and all other partners are bound by the terms.

  • Compensation: Partners receive distributions from the partnership’s profits. These distributions should be in accord with the allocation of profits detailed in the partnership agreement.

  • Joint Liability: Partners in a general partnership have shared liability for the debts and obligations of the business. Every partner agrees to unlimited personal liability for their actions, the actions of all other partners, and those of any employees.

  • Taxation: All members pay tax on their share of income. The business is not taxed.

Benefits of General Partnership Business

General Partnership have several advantages that make them popular:

  • Legal Recognition: It establishes the existence of the partnership in the eyes of the law, which can be important for various purposes such as opening bank accounts, entering into contracts, and obtaining licenses.

  • Easy to form: Like a Sole Proprietorship, forming a general partnership requires formal procedures and the drafting of essential documents, such as the contract of partnership that highlights the obligations of each partner in the business. 

  • Tax Flexibility: General partnerships are pass-through entities for tax purposes, meaning that profits and losses are passed through to the individual partners who report them on their personal tax returns. 

  • A Unique Identity: Registration of your new business name makes it unique as nobody can bear such a business name subsequently.

Examples of General Partnership Business

Here are some examples of general partnership businesses:

- Legal Services: Law Firm Partnership, Legal Consulting Partnership, Paralegal Services Partnership.
- Financial Services: Financial Consulting Partnership, Tax Preparation Partnership, Bookkeeping Services Partnership.
- Real Estate: Real Estate Agent Partnership, Property Management Partnership, Real Estate Development Partnership.
- Entertainment and Event Services: Event Planning Partnership, DJ Services Partnership, Entertainment Booking Agency Partnership.
- Art and Design: Graphic Design Partnership, Interior Design Partnership, Art Gallery Partnership.

Business Name Limited Partnership Registration

- Retail Businesses: Clothing Boutique Partnership, Grocery Store Partnership, Specialty Retail Shop Partnership.
- Food and Beverage Businesses: Restaurant Partnership, Catering Partnership, Bakery Partnership.
- Health and Wellness Businesses: Fitness Studio Partnership, Wellness Center Partnership, Alternative Medicine Practice Partnership.
- Home Services: Plumbing Partnership, HVAC Services Partnership, Home Renovation Partnership.
- Technology and IT Services: Software Development Partnership, IT Consulting Partnership, Web Design Partnership.

General Partnership FAQs

You can find some of our most frequently asked questions below;

In simple terms, a partnership is where two or more people in business decide to join forces and work together.

The only essential component is that the partners are working together to make a profit – you can’t run a charity or club as a partnership for example.

An unincorporated business structure that two or more parties form and own together is called a partnership. These parties, called partners, may be individuals, corporations, other partnerships, or other legal entities.  

Partners may contribute capital, labor, skills, and experience to the business. They may have unlimited legal liability for the actions of the partnership and its partners.  

The most common type of partner is a general partner, who actively manages and exercises control over the business operations.  

Limited partners have limited legal liability. This type of partner cannot manage or exercise control over the business.

Among the most common types of partnerships are general partnerships (GP), limited partnerships (LP), and limited liability partnerships (LLP).  

A partnership can even start without an oral or written contract. Where there is a written contract between the partners, it is called a partnership agreement. The partners agree on the purpose of the partnership and their rights and responsibilities.

A general partnership is a business structure where two or more individuals or entities (partners) join to carry on a business for profit. In a general partnership, partners share management responsibilities, profits, and liabilities.

Registering your general partnership's business name to establish legal recognition and protect your business identity is advisable. Registering your business name also helps prevent others from using the same or similar name.

  • It’s the default structure for partnerships. Just like sole proprietorship is the default business structure for individual business owners, a general partnership is the default for multi-owner businesses. 
  • You and your partners are personally liable. Similar to sole proprietors, partners in a general partnership take on personal responsibility for the business. That means equal liability for debts or legal action. Partners can adjust the split of both profits and liabilities in their partnership agreement, but an equal split is the default.
  • You’re taxed only one time. General partnerships are pass-through entities, meaning partners pay income taxes on profits at the personal level. 

Usually, when you hear the term "partnership," it refers to a general partnership—that is, one where all partners participate to some extent in the day-to-day management of the business. Limited partnerships are very different from general partnerships, and they're usually set up by companies that invest money in other businesses or real estate.

While limited partnerships have at least one general partner who controls the company's day-to-day operations and is personally liable for the business's debts, they also have passive partners called limited partners. Limited partners contribute capital (investment money) to the business but have minimal control over daily business decisions or operations.

In return for giving up management power, a limited partner's personal liability is capped at the amount of their investment. In other words, the limited partner's investment can go toward paying off any partnership debts, but the investor's personal assets can't be touched—this is called "limited liability." However, a limited partner who starts tinkering with the management of the business can quickly lose limited liability status.

You can register your business name with the appropriate government authority, such as the Corporate Affairs Commission (CAC) in Nigeria. The process typically involves submitting the required documents and paying the registration fee.

SplashDict is equipped with accredited experts and the necessary resources to assist you in completing the Sole Proprietorship Business Name Registration in Nigeria.

Apart from resonating with your brand, your business name must comply with the CAC’s naming guidelines, which are in place to make sure business names are special, fitting, and don’t infringe on someone else’s trademark. 

Here are some of CAC’s naming guidelines: 

  • Your business name has to stand out and be different from other business names or trademarks.
  • Your business name should be related to what your business does; It shouldn’t mislead or confuse folks. For example, your business name should not imply you own a makeup studio if you are running a fashion store. 
  • Your business name must not be offensive, rude, discriminatory, or go against what’s considered good behavior in society.
  • Your business name must follow all the laws and regulations in Nigeria. Don’t pick a name that suggests anything illegal or unethical. Also, don’t choose names that could trick or fool the public.
  • Certain words are off-limits unless you get special permission. For example, words like “Federal,” “National,” and “Government” are reserved and need clearance from the right authorities before you can use them in your business name

The documents for registering your business name with the CAC include:

  • Proof of your business’s registered address, such as a utility bill or lease agreement. 
  • A valid form of government ID (National identity card, international passport, driver’s license, voter’s card)
  • National Identity Number (NIN)

The registration process timeline varies depending on CAC and the efficiency of processing. This is the timeline:

  • Name Search and reservation: 6 - 24 hours from submission.
  • Grant of Certificate of Registration: 24 -96 Hours from filing.
  • Total time: Approximately 2 - 7 days.

In a Sole Proprietorship, the business is solely owned and operated by one individual, while a Partnership involves two or more individuals sharing ownership and responsibilities. The primary distinctions lie in ownership structure, decision-making authority, and liability.

In a Sole Proprietorship, the owner retains full control over business decisions, whereas in a Partnership, decision-making is shared among partners.

Additionally, in terms of liability, both structures expose owners to personal liability for business debts, but in a Partnership, this risk is distributed among partners, whereas in a Sole Proprietorship, the owner bears it alone.

Sole Proprietorship is ideal for individuals seeking complete control over their business operations, while Partnership suits those looking to share responsibilities and resources with others. Choosing between the two depends on factors such as ownership preferences, risk tolerance, and long-term business objectives.