Today brings an end to our discussions on Partnerships and the two variants under the new Company Law (CAMA 2020).

So, have you decided on the structure that best suits your business? If you are still undecided, here are some benefits of a Limited Liability Partnership to guide your thought process:

1. The liability of partners in the business is limited to their contribution under the partnership. This helps cushion against business risks.

2. It has a low cost of formation and is easy to form.

3. The partners are not liable for the acts of each partner and can only be held liable for their own acts

4. There are less restrictions and compliance requirements enforced by the government as compared those on companies.

5. It is a perfect synergy of the attractions of a company and a partnership.

Make a decision today and reach out to us for your registration needs. Visit our website at www.businesslegal.ng or send us a direct message.