Change of Proprietor/Partner(s)

Change of Proprietor/Partner(s)

₦25,000

File Notice of Change of Proprietor/Partner(s) of Business Name with CAC

Every Sole Proprietorship or Partnership registered in Nigeria must maintain an up-to-date register of its proprietors and partners. Whenever there is a change in the ownership structure, whether through the addition of a new proprietor/partner, removal, resignation, or death, the change must be officially notified to the Corporate Affairs Commission (CAC).

SplashDict helps Business Names file the Notice of Change of Proprietor or Partner(s) efficiently, ensuring your partnership remains compliant, and ownership records are properly updated on the CAC registry.

Service Fee (All inclusive):

₦25,000

Change Owner(s) of Business Names in Nigeria

Here’s how SplashDict’s CAC-accredited experts assist you:

  • Filing & Documentation: We prepare and file the required CAC forms and supporting documentation to update the ownership structure of your Business Name.

  • Official Update: Receive an updated CAC Status Report reflecting the current owners.

  • Transparent Pricing: Covers all statutory CAC filing fees and our professional service fee with no hidden charges.

  • Fast Processing: Your request is typically completed within 1–3 working days, subject to CAC approval.

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Why File a Change of Proprietor/Partner(s) with CAC?

In Nigeria, a Business Name is legally owned and operated by its registered proprietor or partners. These individuals are responsible for the business’s operations, obligations, and liabilities.

Whenever there is a change in ownership or partnership structure, the update must be formally filed with the Corporate Affairs Commission to ensure the business records accurately reflect the current owners.

  • Statutory Requirement: Businesses must notify the CAC of any change affecting the ownership or partnership structure of a registered Business Name.

  • Maintain Accurate Public Records: Banks, clients, and regulatory bodies rely on CAC records to confirm the legal owners of a business. Updating these records helps prevent ownership disputes and verification issues.

  • Ensure Legal Authority: Only the proprietor or partners officially recorded with the CAC are recognized as the legal operators of the business.

CAC Post-Registration Services

Requirements for Filing Change of Proprietor/Partner(s) of Business Name with CAC

  • Updated Annual Returns Filing: The CAC usually requires all outstanding annual returns to be filed before approving any post-registration changes.

  • Business Name Details: Provide the business name’s full registered name and BN Number as recorded with the CAC.

  • Date of Change: Provide the exact date the change in proprietor or partner took effect.

  • New Proprietor/Partner’s Details: Include personal details for the new proprietor/partner, such as full name, date of birth, gender, nationality, phone number, email, service address, and residential address (if different). Provide a form of identification (passport, ID card, driver’s license, etc.).

    You can add both individual proprietors/partners and corporate proprietors/partners.

  • Outgoing Proprietor/Partner Details (If Removing): Provide the full name of the proprietor or partner being removed and the reason for their removal, such as resignation, retirement, or end of partnership.

  • Valid Means of Identification: Upload a valid government-issued ID for the incoming or outgoing proprietor or partner. Accepted formats are PDF, JPEG, or PNG, with a maximum file size of 4MB.

  • Authentication: The application must be authorized by a Proprietor/Partner.

Remove or Add Proprietor(s)

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