Registration of a Limited Liability Partnership in Nigeria
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;
- Name of the Company
- Address of the Company
- Objectives of the company
- Particulars of all partners during the incorporation
- 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).
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