Limited Liability Partnership (LLP) Registration

Limited Liability Partnership (LLP) Registration

₦40,000.00

Incorporate Nigerian Limited Liability Partnership (LLP) Business 

  • *Select Package

    Upon completing the order, you'll be redirected to submit your information to process your registration. Choose from our Partnership registration packages:

LLP Registration Packages

Our Standard package provides essential formation documents, while the Pro package includes advanced features and ongoing support.

Standard Package
₦40,000
- Nigerian Limited Liability Partnership (LLP) Registration with the CAC.
- CAC Filing Fees included.
- Tax Identification Number (TIN)
- Digital copy of Certificate of registration.
- Digital copy of CAC status report.
- 3 to 7 business days delivery.
 
 
Pro Package
₦120,000
Includes everything in the Standard Package, plus:
- Full Company Secretary
Service (1 Year).
- Printed copy of all business Documents.
- Delivery of Company Seal.
- Business Bank Account Opening Assistance.
- VAT and PAYE Registration assistance.
- Priority Customer Support.
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Our Process

  • Choose a Package: Select your desired package and complete the secure online payment.

  • Provide Information: Submit your company details through our quick online form.

  • Process Your Application: We handle the filing and processing with the CAC.

  • Receive Documents: Get your CAC-approved business registration documents.

Why Choose us?

  • Fast & Efficient: Complete your registration in minutes with our streamlined digital platform.

  • Expert Support: Work with CAC-accredited agents and Chartered Secretaries for a seamless process.

  • Transparent Pricing: Enjoy clear, upfront pricing with no hidden fees.

  • Secure & Reliable: Trust us to protect your private information.

Requirements for Limited Liability Partnership (LLP) Registration

Here are the requirements for registering an LLP with the CAC:

  • Proposed Business Names: At least two (2) options (1st choice and alternative).

  • Partners and Designated Partners: An LLP must have at least two partners, and at least two designated partners, of which one must be a resident in Nigeria. Designated partners are responsible for ensuring compliance with the LLP Act.

  • Capital Contributions: The amount each partner will contribute to the partnership.

  • Business Objectives: Description of the nature and objectives of the business.

  • Partners' Details: Provide full names, addresses, occupations, and means of identification for all partners.

  • Business Address: Proposed business address (can be a home address or a separate business location).

  • Partnership Agreement: A draft agreement outlining the partners' rights, duties, and responsibilities. 

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Features of Limited Liability Partnership (LLP)

Features of Limited Liability Partnership (LLP)

Here are the key features of an LLP:

  • Separate Legal Entity: An LLP is a body corporate with a legal personality separate from its partners, meaning it can own property, sue, and be sued in its own name.

  • Hybrid Form of Organization: An LLP combines features of both partnership firms and companies, offering flexibility and limited liability to partners.

  • Professional Suitability: LLPs are particularly well-suited for professional services firms (e.g., law firms, accounting firms) where limited liability is desirable, and professional autonomy is maintained.

  • Designated Partners: LLPs must have at least two designated partners, at least one of whom must be a resident in Nigeria. 

  • Body Corporate: An LLP can have individuals, LLPs (domestic or foreign), or companies (private or public) as partners, including other corporations.

  • Limited Liability: Partners have limited liability, meaning they are not personally liable for the debts of the LLP beyond their capital contributions.

  • Perpetual Succession: An LLP continues to exist regardless of changes in the partnership, such as the addition or withdrawal of partners, ensuring business continuity.

  • No Maximum Limit on Partners: There is no upper limit on the number of partners in an LLP, though it must have at least two partners.

Benefits of LLP Registration

Here are the key benefits of registering a Limited Liability Partnership (LLP): 

  • Enhanced Credibility: Registration of LLP status demonstrates a commitment to professionalism and legitimacy.

  • Reduced Personal Risk: Partners are shielded from personal liability for the LLP’s debts, safeguarding personal assets from business liabilities.

  • Pass-Through Taxation: The LLP itself is not taxed. Instead, profits and losses are passed through to the partners, who report them on their tax returns, potentially avoiding double taxation.

  • Business Continuity: The LLP remains unaffected by the exit or death of a partner, ensuring uninterrupted operations.

  • Transferable Ownership: Partnership interests in an LLP can be transferred, subject to the terms of the LLP agreement.

  • Improved Credibility for Financing: LLPs are seen as more formal and reliable than traditional partnerships, making it easier to secure loans and attract investors.

  • Exclusive Business Name Use: Protects the business name from being used by others.

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FAQs

Frequently asked questions about Limited Liability Partnership (LLP) Registration in Nigeria:

An LLP is a business structure that combines the flexibility of a partnership with the limited liability protection of a corporation. It is a separate legal entity from its partners.

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 drawbacks 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.

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.

Designated partners ensure the LLP complies with legal requirements, such as filing returns and maintaining proper records. At least one designated partner must be a resident of Nigeria.

Blog

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Register your Limited Liability Partnership (LLP) in Nigeria

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

  • LLP Registration: Nigerian Limited Liability Partnership (LLP) Registration with the CAC.

  • Documentation Preparation: Our experts handle all necessary registration documents.

  • Business Name Search and Reservation: We check availability and secure your desired LLP name.

  • Submission and Processing: We ensure all requirements are met and manage the submission process for efficient processing by the CAC.

  • CAC Filing Fee Included: No hidden costs, everything is included in the package price.

  • Tax Identification Number (TIN): Issued upon incorporation.

  • Delivery of documents: Upon registration, we provide Documents including - the Certificate of Registration, Approved Partnership agreement, and Status Report.

  • Secretarial Support: Ongoing assistance with statutory requirements and filings.

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