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Limited Partnership [LP] A limited partnership is a partnership consisting of a general partner, who manages the business and has unlimited personal liability for the debts and obligations of the partnership, and one or more limited partners, who have limited liability but cannot participate in management.
A limited partner has purchased shares in the partnership as an investment but is not involved in its day-to-day business. Limited partners cannot incur obligations on behalf of the partnership, participate in daily operations, or manage the operation.
A name can be reserved for a period of 60 days. For faster service, name reservations can be submitted online through our enhanced online services at The reservation can be renewed to the same applicant or for the benefit of the same party, but not for consecutive 60-day periods.
The approval for a reserved Company Name lasts for 30 days It can be renewed for a further 30 days if necessary. Renewal is applied for at the Attorney Generals office.
Current Procedure for Company Registration in Nigeria The name search takes about 24 to 48 hours to be completed. If the name is approved, the CAC will issue an Approval Note indicating the name has been reserved for registration for the applicant.
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A limited partnership (LP) can have general and limited partners. Generally speaking, theres a limit on the liability of a limited partner, while the general partners liabilities are not limited. A limited liability partnership (LLP) is has no general partners and all partners have limited liability.
After reservation, one proceeds to register the business name. The person(s) registering the business name must specify the nature of business in one line e.g Stationary, Food Stuff, Hardware. The application must indicate the physical address of the business that is; plot number, Road and Town.
Names starting with the word Kenya are only reserved for the government. Names with Church and Ministry or Ministries are not allowed. Names with Trust, Foundation, Programmes are not allowed. The Registrar of Names does not register clubs.
Limited partnerships are widely used in Canada as a business vehicle providing a useful combination of limited liability to limited partners and flow through tax consequences.
How do I form a limited partnership? Step 1: Pick a state to register in. Step 2: Pick a name that isnt taken yet. Step 3: Write up a partnership agreement. Step 4: Register with your secretary of state. General partnerships. Limited liability partnerships. Corporations. They make raising money easier.

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