Here's how SplashDict's CAC-accredited Chartered Secretaries can assist you:
Cessation of Business Name
₦20,000.00
Filing a Notice of Cessation of Business Name ensures compliance with regulations and formally closes your business's records with the Corporate Affairs Commission (CAC).
- CAC Fees Included: All necessary application fees are covered.
- Cancellation Confirmation: Business Name certificate canceled upon approval.
- Updated Status Report: Reflects the Business Name's status as "Cancelled."
- Processing Time: 3 to 5 business days turnaround.
Key Features of Business Name Cessation
Mandatory Filing: Businesses that cease operations must notify the CAC for legal closure.
Official Status Update: The Business Name is marked as "Cancelled" in the CAC register upon approval.
Name Availability: Once canceled, the Business Name becomes available for re-registration.
Requirements for Filing a Notice of Business Name Cessation
Business Name Information: Include the Registration Number, full Business Name, and Date of Cessation.
Reason for Cessation: Reason for Cessation: Provide a valid reason, such as: Voluntary closure, Court order, CAC directive, Death of the proprietor or all partners.
Supporting Documentation: Supporting documentation includes a death certificate (if applicable, for a deceased proprietor or partner), a consent letter signed by all partners (if applicable), and a means of identification for the personal representative (if applicable).
Updated Annual Returns Filing: Before filing for any Post-registration changes, ensure that all annual returns for the business name are up to date.
Authorization: The application must be signed by a proprietor, partner, or authorized signatory.
Benefits of Filing a Notice of Cessation for Business Name
Legal Compliance: Ensures your business is in line with the Corporate Affairs Commission's requirements.
Accurate Records: Ensures the CAC Register accurately reflects active and inactive businesses.
Avoids Penalties: Prevents accumulation of fines for non-compliance, such as failure to file annual returns.
File Notice of Cessation of Business Name in Nigeria
Cessation Filing: We handle the filing of your notice of cessation or removal of your business name from the CAC register.
Documentation Preparation: All necessary documents are prepared and reviewed for accuracy.
Transparent Pricing: Filing fees are included with no hidden charges.
Quick Turnaround: Receive official acknowledgment of cessation within 3 to 7 business days.
Continuous Support: We assist with future compliance and statutory needs.