Limited Partnership Registration

Limited Partnership (LP) Registration

₦35,000.00

Incorporate Your Nigerian Limited Partnership (LP) Business 

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

  • *Select Package

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

LP Registration Packages

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

Standard Package
₦35,000
- Nigerian Limited Partnership (LP) 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
₦100,000
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.
Register Now

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 Partnership (LP) Registration

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

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

  • Partners: An LP must have at least two partners: one general partner and one limited partner. Maximum of 20. 

  • 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. 

Discover Partnership Registration Service

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Features of Limited Partnership (LP)

Here are the key features of an LP:

  • Hybrid Business Structure: An LP combines elements of both general partnerships and corporations, providing flexibility and varied liability for partners.

  • Two Types of Partners: An LP includes both general partners, who manage the business and have unlimited liability, and limited partners, who contribute capital and have liability limited to their investment.

  • Separate Legal Entity: An LP is not a separate legal entity from its partners, meaning it cannot own property or sue and be sued in its name; these actions are taken on behalf of the LP by the partners.

  • Unlimited and Limited Liability: General partners have unlimited liability and are responsible for the debts and obligations of the LP. Limited partners' liability is restricted to their capital contribution unless they participate in management.

  • Number of Partners: An LP must have at least two partners: one general partner and one limited partner. There is a maximum limit of 20 partners in an LP.

  • Taxation: The LP itself does not pay federal income taxes. Instead, profits and losses are passed through to the partners, who report them on their individual tax returns.

Benefits of Limited Partnership (LP) Registration

Here are the key benefits of registering an LP: 

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

  • Limited Liability for Limited Partners: Limited partners' risk is confined to their investment, protecting their assets from the partnership's debts and obligations.

  • Management Flexibility: General partners have full control over the business operations, allowing for clear decision-making and management.

  • Attracting Passive Investors: The limited liability aspect is attractive to passive investors who wish to contribute capital without involvement in day-to-day management.

  • Attractive for Specific Projects: LPs are often used for real estate investments, film production, and other projects where a clear distinction between investors and managers is beneficial.

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

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FAQs

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

A Limited Partnership (LP) is a business structure comprising at least two partners: one general partner and one or more limited partners. The general partner manages the business and has unlimited personal liability, while the limited partners have limited liability restricted to their investment.

In an LP, limited partners have restricted liability (usually up to their investment amount) and aren't involved in day-to-day management.

In a General Partnership, all partners have unlimited liability and can participate in management

LP: In an LP, only limited partners have limited liability, while general partners have unlimited liability. LPs do not have a separate legal entity from their partners.

LLP: In an LLP, all partners have limited liability, and the partnership is a separate legal entity from its partners.

The general partner is responsible for managing the business and making day-to-day decisions. They have unlimited personal liability for the debts and obligations of the LP.

Limited partners contribute capital to the business but do not participate in its management. Their liability is limited to their investment unless they engage in management activities.

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.

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Register your Limited Partnership (LP) Business in Nigeria

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

  • LP Registration: Nigerian Limited Partnership (LP) 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 LP 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

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