General Partnership Business Name Registration

NGN25,000.00

Register Your General Partnership Business Name in Nigeria with SplashDict

By completing your registration with CAC, you gain legal protection, enhance your brand’s credibility, and unlock access to a business bank account.

Legal Recognition and Protection: A registered business name provides legal recognition, allowing you to operate under a formal name.
It ensures that you have exclusive rights to use the name, protecting your business identity from being used by others.
Ownership and Full Control: The owner(s) of the business have full control over decision-making. Control is shared among the partners (a General Partnership can have up to 20 partners).
No Separate Legal Entity: Unlike a company, a business name does not create a separate legal entity. The business and its owner(s) are considered one in the eyes of the law, meaning owners are personally liable for any debts incurred by the business.
Partnership Agreement: Not legally required but recommended to define roles, profit-sharing, dispute resolution, and procedures for adding or removing partners.
Annual Compliance Requirement: Registered businesses must file annual returns with the Corporate Affairs Commission (CAC) to maintain their active status and legal compliance.
Business Name Conversion: A business name can be converted into a Private Limited Company (LTD) or other types of entities if the need arises for a more complex structure in the future.
Taxation: Tax in Sole Proprietors and Partners are applied to the personal income of the owner(s).

Proposed Business Names: Submit at least two (2) name options (first choice and alternative) for approval.
Business Objectives: Describe the nature and objectives of your business.
Details of Business Owners: Provide personal information, such as full name, address, date of birth, nationality, means of identification, occupation, passport photograph, and signature.
Where the registration to be effected is that of a company, the name and registered office of the company
Business Address: Provide the business address, which can be a home address or a separate business location.

Raising Capital: It is easier to raise capital by admitting new partners. Existing partners can contribute additional capital as needed.
Legal Recognition: Registering your business name gives it formal legal standing, enabling you to operate under a recognized name.
Exclusive Rights to the Name: Registration ensures that your chosen business name is uniquely yours, preventing others from using it for their operations.
Credibility and Trust: A registered business name enhances your credibility, making it easier to build trust with customers, suppliers, and partners.
Access to Certain Services: Some services may require a registered business certificate and TIN, such as opening a business bank account or obtaining certain licenses.
Flexible Operations: Suitable for small-scale businesses or entrepreneurs who want a low-cost, low-maintenance structure.

Here's how SplashDict's team of CAC-accredited Chartered Secretaries can help:

Business Name Registration: General Partnership Business Name Registration with the CAC.
Documentation: We handle all required registration documents.
Transparent Pricing: CAC registration and Filing fees are included with no hidden charges.
TIN: Tax Identification Number issued upon registration.
Quick Turnaround: Receive Certificate of Registration and Status Report within 3-7 business days.
Continuous Support: We assist with future compliance and statutory needs.