Limited Partnership (LP) Registration

NGN40,000

Register Your Limited Partnership (LP) with CAC

A Limited Partnership (LP) is a unique business structure in Nigeria that combines the flexibility of a traditional partnership with the benefits of limited liability for some partners. It must have at least one General Partner (with unlimited liability and managerial control) and one Limited Partner (with limited liability and no role in management).

Registering an LP with the Corporate Affairs Commission (CAC) is ideal for joint ventures, professional services, investment setups, and family businesses seeking operational flexibility and liability protection.

Service Fee (All inclusive):

NGN40,000

Start Limited Partnership (LP) in Nigeria

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

  • Filing & Documentation: We handle filings and required documents for registration of Limited Partnership (LP) with CAC.

  • Name Availability Check & Reservation: We conduct a CAC name search and reserve your preferred business name.

  • Official Update: Receive Certificate of Registration (with Tax Identification Number), CAC Status Report, and Partnership Agreement for new LP.

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

  • Fast Processing: Completed within 2 to 10 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 Register a Limited Partnership (LP)?

Registering a Limited Partnership (LP) can offer a business several benefits, primarily related to liability protection and investment flexibility. It allows for a structure where some partners have limited liability (only risking their investment) while others have unlimited liability (assuming responsibility for the partnership’s debts and obligations). This can be attractive for businesses seeking outside investment without giving up complete control.  

  • Legal Recognition & Compliance: Registration formalizes your LP under Nigerian law, enabling it to operate legally, enter contracts, acquire assets, sue or be sued, and meet statutory requirements. It also grants exclusive rights to your registered business name, protecting it from unauthorized use.

  • Flexible Investment Structure: An LP allows investors to participate passively as Limited Partners, contributing capital without being involved in management. This structure is ideal for startups, joint ventures, or family businesses seeking to raise funds while maintaining centralized control under General Partners.

  • Varied Liability Protection: General Partners manage the business and bear unlimited liability for its obligations. Limited Partners are shielded from liability beyond their agreed contribution, unless they take part in management.

    This dual structure offers a balance between control and financial protection, making it suitable for various business arrangements.

  • Credibility and Access: A registered LP improves your business’s credibility with customers, vendors, investors, and financial institutions. It’s often a prerequisite for accessing services such as: Opening a business bank account, Securing loans or grants, Applying for government or regulatory licenses, Registering for a Tax Identification Number (TIN).

  • Efficient Taxation: LPs are typically taxed as pass-through entities, meaning partners pay tax on their share of profits as personal income, potentially offering tax advantages compared to corporate structures.

  • Exclusive Rights to the Name: Registration ensures that your chosen business name is uniquely yours, preventing others from using it for their operations.

Requirements for Limited Partnership (LP) Registration with CAC

  • Proposed Business Names: Submit at least two proposed names for the partnership, ensuring they end with “Limited Partnership” or “LP”. 

  • Principal Business Activity: A clear description of the primary business objectives and sectors in which the LP will operate.

  • Registered Address: Provide the proposed business address.  

  • Partners: Provide full names, addresses, means of identification (ID cards), and passport photos of all partners. For registered company name and RC number for corporate partners.

  • Designated Partners: For an LP, there must be at least one general partner (liable for all debts) and one limited partner (liability limited to their contribution). The maximum number of partners allowed is 20.

  • Capital Contributions: Each partner’s capital contribution (whether in cash or in-kind) must be clearly stated.

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

  • Professional Certification: At least one General Partner must provide evidence of professional competence or certification in the relevant business field (e.g., law, accounting, consulting, engineering, etc.).