Business & Loans
CAC Unveils New Forms Of Business Registration
CAC Unveils New Forms Of Business Registration
The Corporate Affairs Commission (CAC) has introduced two new forms of business registration pursuant to CAMA, 2020.
This followed the successful deployment of the Online Application for Limited Liability Partnerships (LLPs) and Limited Partnerships (LPs).
You may also want to read CAC Launches Electronic Portal For Company Registration
This was disclosed by Mr. Garba Abubakar, the Registrar General who made the announcement in a statement by Rasheed Mahe, CAC Head of Media.
Abubakar described the LLP as a partnership arrangement with a legal personality, separate from the partners.
The liabilities of the partners of an LLP are limited to the amount agreed to be contributed or outstanding in the event of winding up.
An LLP shall have at least two “Designated Partners” who would be responsible for compliance with the requirements of the Act by the LLP.
The designated partners should be individuals, at least one of whom must be resident in Nigeria.
You may also want to read Apply For CBN CACs Loan Through FirstBank Of Nigeria
However, the LP is a partnership arrangement with at least one general partner and at least one limited partner.
The liabilities of a general partner are unlimited, while the liabilities of a limited partner are limited unless the individual partakes in the management of the partnership.
An LP should not consist of more than 20 persons and that the name of an LP should end with the word “Limited Partnership” or the abbreviation “LP”.
CAC Unveils New Forms Of Business Registration
-
Tips2 years ago
Shiloh 2022 Programme Schedule – Theme, Date And Time For Winners Shiloh 2022
-
Business & Loans2 years ago
Dollar To Naira Today Black Market Rate 1st December 2022
-
Business & Loans2 years ago
SASSA Reveals Grant Payment Dates For December 2022
-
Jobs & Scholarship2 years ago
Latest Update On 2023 NPC Ad hoc Staff Recruitment Screening
-
Tips2 years ago
Happy New Month Messages and Wishes For December 2022
-
Tips4 years ago
Best Android VPN Apps in 2020 (Full List)
-
Business & Loans2 years ago
Npower Latest News On August Stipend For Today Friday 2nd December 2022
-
Business & Loans2 years ago
Dollar To Naira Today Black Market Rate 2nd December 2022
Pingback: Top 5 Ways to Seek For Foreign Business Partner - FlippStack
Pingback: FG Unveils Online Portal For The Sale Of 5000 Houses - FlippStack
Pingback: CAC Makes Important Announcement On Registration Of Schools And Academies