The Limited Liability partnership(LLP) has been in existence in other countries around the world even before its formal introduction by CAMA 2020 to Nigeria.

Here are some notable features;

1. Like companies, they are a separate legal entity from their members and can survive the death or incapacity of the partners.

2. The liability of the partners can be limited.

3. They have the organizational flexibility of a normal partnership.

4. The operational documents akin to a MEMART is the LLP agreement, which is private and confidential to the members.

5. They must have at least two “designated” members.

These and more features can guide you in making your registration choice with the Commission.

For more information and affordable business registrations for all business structures, visit our website at www.businesslegal.ng or send us a direct message today.