Limited Liability Partnership (LLP) Registration

Limited Liability Partnership (LLP) Registration

₦40,000.00

Incorporate Your Nigerian Limited Liability Partnership (LLP) Business 

A Limited Liability Partnership (LLP) is a body corporate with a legal personality separate from its members. It is a hybrid business form that infuses two types of business; a Partnership and a Limited Liability Company.

LLPs in Nigeria must have at least two partners, and there is no limit to the maximum number of partners. The partners can be individuals or corporations, and each partner is only liable for the debts and obligations of the partnership to the extent of their capital contribution.

This option is suited to a group of professionals (accountants, lawyers, doctors, architects, etc) with lots of experience and clients between them, as it allows them to pool resources together, thereby lowering the cost of doing business while increasing the LLP’s capacity for growth.

Upon completing the order, you'll be redirected to submit your information to process your registration.

  • Compare Our Packages

    Compare our Limited Liability Partnership (LLP) Formation Packages:

    Standard Package
    Pro Package

    LLP Registration (Standard Package)

    Our Standard package is a cost-effective solution to get your company up and running with all the essential formation documents.

    Includes:

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

    • CAC Filing Fees Included: All registration costs are covered, with no extra charges.
    • Digital Delivery of Incorporation Documents: Certificate of Registration, approved Partnership Agreement, and Status Report.
    • Tax Identification Number (TIN): Issued upon incorporation.
    • Delivery Time: 3 to 7 business days.
    • Support: 24/7 access to online customer support.

    LLP Registration (Pro Package)

    The Pro package offers comprehensive services, providing advanced incorporation features and ongoing support.

    Includes Everything in the Standard Plan, Plus:

    • 1-Year Company Secretarial Support: Ongoing assistance with statutory requirements and filings.
    • Company Seal: A physical seal for authenticating official documents.
    • Printed Documents: Hard copies of all registration documents.
    • VAT Registration: Our experts will register your company for VAT if required.
    • Bank Account Setup Assistance: Support with opening Nigerian business bank accounts.
    • Priority Customer Support: Faster response times and personalized assistance.

    Select Your Package

    Choose from our two company incorporation packages:

    * 

Register your Limited Liability Partnership (LLP) Business 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.

Let's Get Started

Our Process

Experience a hassle-free registration process with SPlashDict:

Choose a Package

Select a package, add to cart, and complete secure online payment.

Provide Information

Fill out our simple online form with your business details.

We Process Your Application

We'll prepare and file the necessary documents with the CAC.

Receive Documents

Get your completed business entity package.

Features of Limited Liability Partnership (LLP) Business

How does a Limited Liability Partnership (LLP) Work?

  • 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.

Full Partnership Registration Services

Requirements for Registering a Limited Liability Partnership (LLP) in Nigeria

Here are the requirements for registering a 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. 

Limited Liability Partnership Registration Package

Find the best LLP package to start your Business:

LLP Registration (Standard)

₦45,000

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

  • CAC Filing Fees Included: All registration costs are covered, with no extra charges.

  • Digital Delivery of Incorporation Documents: Certificate of Registration, approved Partnership Agreement, and Status Report.

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

  • Delivery Time: 3 to 7 business days.

  • Support: 24/7 access to online customer support.

Select Package

LLP Registration (Pro)

₦120,000

Includes Everything in the Standard Plan, Plus:

  • 1-Year Company Secretarial Support: Ongoing assistance with statutory requirements and filings.
  • Business Seal: A physical seal for authenticating official documents.
  • Printed Documents: Hard copies of all registration documents.
  • VAT Registration: Our experts will register your company for VAT if required.
  • Bank Account Setup Assistance: Support with opening Nigerian business bank accounts.
  • Priority Customer Support: Faster response times and personalized assistance.
Select Package

Benefits of Limited Liability Partnership Business

LLPs have several advantages that make them popular:

  • 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.

  • No Minimum Capital Requirement: There is no mandatory minimum capital for starting an LLP.

  • Ease of Expansion: New partners can easily be added to the LLP without disrupting the existing business structure or requiring complex processes.

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

  • Attractive for Strategic Partnerships: LLPs facilitate collaboration between professionals or businesses, allowing them to pool expertise and resources while limiting their liabilities.

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

Register Your LLP

Why Choose SplashDict for CAC LLP Registration?

We streamline your Limited Liability Partnership registration process with efficient service.

Expert Team

Our team of Chartered Secretaries ensures seamless business setup.

CAC-Accredited Agents

Our team of CAC-accredited agents ensures seamless and compliant registration.

Transparent Pricing

Clear and upfront pricing with no hidden fees.

Fast & Efficient

Experience fast and easy registration with our streamlined online platform.

Secure & Reliable

Robust security measures protecting your data and documents.

Dedicated Support

Receive continuous support from our team throughout and beyond the registration process.

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.

Limited liability, separate legal entity, partnership structure, designated partners, profit-sharing, flexibility, taxation, and perpetual succession. 

Limited liability, tax efficiency, flexibility, enhanced credibility, access to funding, succession planning, governance structure, and ease of formation. 

In a traditional partnership, partners are personally liable for the business’s debts. In an LLP, partners have limited liability, protecting their personal assets from the firm’s liabilities.

An LLP requires a minimum of two partners, but there is no maximum limit on the number of partners.

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.

No, there is no minimum capital requirement for forming an LLP in Nigeria.

Yes, subject to meeting regulatory requirements, an LLP can convert into a private limited company.

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