Here are some of the features to expect from our General Partnership Registration package.
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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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.