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.

 

 

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Frequently Asked

  • What additional documents do I require to file my Annual Returns?
  • What is the first thing I must do to register a business in Nigeria?

    To register a business in Nigeria; you would need to conduct a name search of the business. You can achieve this using your CAC-CRP account.

  • 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 product categories available when registering with NAFDAC?

    The product categories include: Food, Cosmetics, Drug, Medical Device, Agro-Chemicals & Pesticide, Veterinary Products, Vaccines & Biologicals, Herbal and Nutraceuticals and Water

  • What is classified as personal data?

    Name, photograph, personal health/bio information, account/financial information, phone number, Address, date of birth, place of birth, Email address, etc.

  • Must I register my work with the Nigerian Copyright Commission?

    No, you must not register your work under the Nigerian law but you have the option to do so. This is because as soon as the original work becomes fixed and tangible it automatically becomes copyrightable.

  • Do I have to physically drop off my product sample at NAFDAC office?

    No, you can choose to have it sent to NAFDAC office

  • Who can be directors in my company?

    Any two adults can be directors in a company.

  • Does a trademark search automatically reserve my trademark name?

    No, a trademark search does not automatically reserve that which is sought to be trademarked. A search ascertains whether that which is sought to be trademarked is available or violates any existing trademark.

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