Change of Partnership Agreement of Limited Partnership (LP)

NGN25,000

Register Change in Partnership Agreement in LP with CAC

In a Limited Partnership (LP), the partnership agreement governs the rights, duties, responsibilities, and operational structure of the partners. Over time, business realities may require amendments to this agreement, such as changes to profit-sharing, management clauses, partner roles, dispute resolution, or other internal arrangements.

Any such amendment must be properly documented and formally filed with the Corporate Affairs Commission (CAC).

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 CTC of Partnership Agreement reflecting the new change.
Transparent Pricing: Includes CAC filing fees and professional handling; no hidden charges.
Fast Processing: Completed within 2 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.

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Why Amend a Limited Partnership Agreement?

A limited partnership agreement may be amended for several reasons, primarily to reflect changes in the partnership’s structure, operations, or legal requirements. This ensures the agreement remains accurate, legally sound, and reflects the current business realities.

Business Restructuring: Adjusting rights, obligations, or profit-sharing ratios between partners.
Governance or Dispute Provisions: Modifying how decisions are made or how disputes are resolved.
Revisions to the Agreement’s Terms: The original agreement may have contained specific clauses that are no longer relevant or that need to be modified. Amending the agreement allows for the removal, replacement, or modification of these clauses.

Requirements for Filing Change of Partnership Agreement of a Limited Partnership (LP) with CAC

LP Details: Full business name and CAC registration number.
Resolution of Partners: Documented approval indicating specific changes to the agreement.
Revised Partnership Agreement: The amended clauses or updated document must be submitted for filing.
Updated Annual Returns: Ensure all LP Annual Returns are filed before making post-registration changes.
Authorization: Application must be signed by a General Partner or authorized signatory.