Formation of Limited Partnership (LP)
A Limited Liability Partnership (LLP) is a body corporate with a legal personality separate from its members. It is a hybrid business form that infuses two types of business; a partnership and a limited liability company.
Upon completing the order, you’ll be redirected to submit your information to process your registration.
Limited Liability Partnership (LLP) Registration
Limited Liability Partnership (LLP) Registration Pro
Here are some of the features to expect from our General Partnership Registration package.
Accredited Consultants: Our consultants are fully accredited by the Corporate Affairs Commission with several years of industry experience.
General Partnership Business name: Your new partnership business name will usually be registered within 2 to 10 working days; when your new business name gets approved by the corporate affairs commission (CAC), you can start trading immediately.
Corporate affairs commission (CAC) Filing Fee Included: CAC charges a filing fee for business registration. This is included in the package price, so what you see is what you pay – there are no hidden costs.
FREE Business Bank Account from one of our banking partners: We provide a choice of up to 8 business bank or payment institution accounts including; GTB, UBA, First Bank, Access Bank, Standard Chartered, etc.
Digital delivery of documents: As soon as your business is registered at CAC, we will deliver a full set of company documents to you by email, including; Certificate of regisration and status report.
Tax Identification Number: We’ll apply to the Federal Inland Revenue Service (FIRS) for TIN after business name registration.
VAT Registration: Allow our highly trained staff to handle the formalities of your VAT registration. VAT registration also enables deals with suppliers and customers who are not willing to deal with businesses that are not VAT-registered.
PAYE Registration: PAYE registrations are compulsory for all businesses that employ people and pay them monthly salaries. Avoid potential complications by allowing our highly trained staff to take care of the registration and administration on your behalf.
Digital storage of Documents: We store your documents safely online and can be requested for free whenever you need them. Unlike on CAC portal, where you’ll pay to get your documents after 7 days of registration.
Free .com or .com.ng Domain Name: We have partnered with one of Nigeria’s leading domain name providers to offer you a free .com or .com.ng domain name for 1 year, and help establish the online presence of your new business.
Frequently Asked Questions (FAQs)
You can find some of our most frequently asked questions below;
LLP is a type of partnership wherein the liabilities of partners towards the business are limited to the extent of their share in its investments. It helps partners get over the drawback of a general partnership, where they have to take responsibility for all the liabilities alone. This partnership setting is common among solicitors, accountants, and entrepreneurs.
LLP agreement is the mutual deal between all partners which decides the rights and duties of partners. In some firms, a partner can also modify the agreement if he wishes.
One of the significant differences between an LLP and a regular partnership firm is the presence of mutual agency. In a Limited Liability Partnership, independent actions taken by one of the partners do not hold other partners responsible for it. Just like other liabilities, liability for sharing the responsibility for each other’s actions is also limited.
All partners involved in it are agents of LLP, and their individual actions are not binding on one another. This is what is a Limited Liability Partnership in business and partnership firms.
The Certificate of Incorporation (COI) in Nigeria is issued by the Corporate Affairs Commission (CAC). The Certificate acts as conclusive evidence of the formation of the LLP.
It usually takes 3-14 business days for the Limited Liability Partnership (LLP) Registration in Nigeria.
Name Search: 6 – 24 hours from submission.
Grant of Certificate of Registration: 2 – 10 Days from filing.
Total time: Approximately 3 – 14 days.
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