Change of Partnership Agreement of Limited Liability Partnership (LLP)

NGN25,000

Update Your LLP Partnership Agreement with CAC

The Partnership Agreement of a Limited Liability Partnership (LLP) outlines the roles, responsibilities, profit-sharing, management structure, and internal rules governing the partners. Over time, this agreement may require updates due to changes in operations, partner roles, dispute mechanisms, or strategic direction.

Any amendment to the LLP agreement must be formally documented and filed with the Corporate Affairs Commission (CAC) to take legal effect.

Service Fee (All inclusive):

NGN25,000

Update Limited Partnership Agreement in Nigeria

Here’s how SplashDict’s CAC-accredited experts assist you:

  • Filing & Documentation: We handle filings and documents for Change of Partnership Agreement with CAC.

  • Official Update: Receive a Certified True Copy (CTC) of the revised LLP Agreement reflecting the amendments.

  • Transparent Pricing: Includes CAC filing and professional handling fees; no hidden charges.

  • Fast Processing: Completed within 1 to 7 working day(s), subject to CAC approval.

  • Ongoing Support: Our Chartered Secretary and corporate services team provide ongoing expert help for regulatory and statutory needs.

Why Amend a Limited Liability Partnership Agreement?

Amending a Limited Liability Partnership (LLP) agreement is crucial for maintaining legal compliance and ensuring the agreement accurately reflects the current state of the business. Changes in ownership, management, business operations, or even a desire to clarify specific clauses are common reasons to amend the agreement. Formalizing these changes through an amendment helps avoid future disputes and legal issues.

  • Business Restructuring: Reallocating rights, obligations, or profit-sharing ratios among partners.

  • Governance Updates: Modifying decision-making processes, voting rights, or dispute resolution frameworks.

  • Operational Changes: Revising outdated or irrelevant clauses to reflect new realities or legal obligations.

  • Regulatory Compliance: Ensuring the LLP agreement remains legally valid and enforceable.

Requirements for Filing Change of Partnership Agreement of LLP with CAC

  • LLP Details: Full registered name of the LLP and CAC registration number.

  • Resolution of Partners: Written approval from the partners outlining the specific changes.

  • Amended Agreement: Submit the updated LLP agreement or revised clauses for filing.

  • Updated Annual Returns: All LLP annual returns must be filed before making post-registration amendments.

  • Authorization: Application must be signed by a Designated Partner or an authorized signatory of the LLP.