DOING BUSINESS IN NIGERIA: CHOOSING BETWEEN LIMITED LIABILITY PARTNERSHIP AND LIMITED PARTNERSHIP
1 Can a business be registered as a Limited Liability Partnership in Nigeria? Yes. The introduction of Limited Partnership (“LP”) and Limited Liability Partnership (“LLP”) is one of the fundamental watersheds that the Companies and Allied Matters Act 2020 (“CAMA”) has afforded the investors community as far as corporate business structure in Nigeria is concerned. On 31st August 2021, the Corporate Affairs Commission (“CAC”) announced that investors and business persons can now register LLPs and LPs using the CAC Online Portal. Before now, individuals or businesses that desired to form a partnership could only register themselves as a Business Name … Continue reading DOING BUSINESS IN NIGERIA: CHOOSING BETWEEN LIMITED LIABILITY PARTNERSHIP AND LIMITED PARTNERSHIP
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