Registration of a Limited Liability Partnership in Nigeria

Registration of a Limited Liability Partnership in Nigeria

June 15, 2021

The business type known as a Limited Liability partnership (LLP) was introduced in SEC 753 OF THE COMPANIES AND ALLIED MATTERS ACT (CAMA) CAP C20 LFN 2020. The registration of a Limited Liberty partnership is suitable for two or more persons in business together with the intention of making profit.

The requirements for the registration of an LLP includes;

  1. Name of the Company
  2. Address of the Company
  3. Objectives of the company
  4. Particulars of all partners during the incorporation
  5. Any other information as may be required.

The Act imposes an imprisonment for anybody who is found guilty of false information as may be required by him during incorporation see Sec 753 (3) of CAMA 2020

It is mandatory that the company has a registered address of the company where all notices or communication can be received.

The act did not limit the registration of a Limited Liability partnership to any particular kind of business object,  but makes it open for all legal businesses.

The effect of registering a Limited Liability partnership is that the business can sue and be sued, it can have a company seal where it chooses to, it can acquire, hold and dispose of property and finally, a Limited Liability partnership will be entitled to do all such things as a corporate body would normally do.

 

618 Bees can help you quickly and easily help you register a Limited Liability Partnership in Nigeria. Log on to our website www.618bees.comor email hello@618bees.com, or give us a call on +2349017190079. 618 Bees will complete your registration with the Corporate Affairs Commission (CAC).

 

 

 

The information in this blog post (“post”) is provided for general informational purposes only, no information contained in this post should be construed as legal advice, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting on the basis of any information included in, or accessible through this post without seeking the appropriate legal or professional advice from the particular facts and circumstances at issue from a lawyer. This post is protected by intellectual property law and regulations. It may however be shared using appropriate sharing tools provided that our authorship is always acknowledged and this Disclaimer Notice attached.

 

 

More Articles

Search

Connect With Us

Got any questions?

If you are having any questions, please feel free to ask.

Send us an email

Frequently Asked

  • What additional documents do I require to file my Annual Returns?
  • Do I need a Company Secretary?

    A limited liability company (LLC) must not have a company secretary.

  • Why is mutual assent important in a contract?

    This is one of the key elements of a contract because is shows the meeting of the minds of both parties

  • What are the benefits of Registering with SON?
    1. Product traceability in the Nigerian market
    2. Detection of counterfeit products
    3. Barriers to the circulation of substandard goods
    4. The official SON Product Registration Logo and number are displayed on registered products.
  • Is it legal to transfer the personal data you obtained legally to another person?

    No, its not legal. This is because the law prohibits anyone from transferring the data of a third party to another person without consent from the third party to do same even if the data was rightfully obtained in the first instance.

  • What is the basic criteria for registering a Design?

    The design must be new and original. This means that it must be a unique design not similar to an already existing design.

  • Can I process/register multiple products at NAFDAC at the same time?

    Yes, you can process/register multiple products at the same time

  • Can my kids be shareholders in my company?

    Yes your kids can hold shares in your company but there must be a minimum of two adult shareholders before kids can be included.

  • How long does a trademark registration in Nigeria Last?

    Trademark is valid for seven years from the date of application but you may renew the application for the trademark for an additional period of 14years.

Call Us Now on +234 901 719 0079 Chat on WhatsApp