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

Correct inaccurate or outdated proprietor or partner details recorded with the Corporate Affairs Commission (CAC), including name, address, nationality, date of birth, gender, occupation, identification, or other registered particulars. Keeping these details accurate ensures your Business Name records remain current.

Service Fee (All inclusive):

₦25,000

Add or Remove a Proprietor or Partner of a Business Name in Nigeria

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

  • Filing & Documentation: We prepare the CAC forms and supporting documents needed to add, remove or replace a proprietor or partner.

  • Official Document: Receive an updated CAC Status Report showing the current owners of your Business Name.

  • All-Inclusive Pricing: Your payment covers all statutory CAC filing fees and our professional service fee. No hidden charges.

  • Fast Processing: Completed within 48 working hours, subject to CAC approval.

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

Why Update Your Business Name Owners on the CAC Register

A proprietor (in a sole proprietorship) or partner (in a partnership) is the individual or corporate body that owns and runs a Business Name. A Business Name has no separate legal identity from its owners and no limited liability, so the proprietors are personally responsible for the business and its obligations.

Proprietors and partners are first recorded when the Business Name is registered. Whenever a new proprietor or partner is added, or one exits, resigns, or dies, the CAC register must be updated. This keeps the official record accurate and shows who currently owns and controls the business.

  • Statutory Requirement: Business Names must notify the CAC of any change in proprietor or partners to keep the register current and avoid compliance issues.

  • Reliable Due Diligence: Accurate proprietor and partner records give banks, clients, regulators, and other stakeholders a reliable basis for verifying the people behind the business.

  • Record New Proprietors or Partners: Formally recording a new proprietor or partner ensures the CAC register reflects the current individuals associated with the Business Name.

  • Record Departures: Updating the register when a proprietor or partner leaves, resigns, or dies helps distinguish former proprietors or partners from those currently registered.

CAC Post-Registration Services

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

  • Up-to-Date Annual Returns: All outstanding annual returns must be filed before CAC will process the change. If any are pending, we can clear them first.

  • Business Name Details: The firm’s full registered business name and BN (Business Name) number, exactly as recorded with CAC. 

  • Nature of Change: State whether a proprietor/partner is being appointed, or is leaving through resignation, withdrawal, retirement, or death. 

  • New Proprietor/Partner’s Details (for additions): Full name, date of birth, gender, nationality, occupation, phone number, email, service address and residential address (if different). For a corporate partner, provide the company’s registered name, RC number and registered address.

  • Outgoing Proprietor/Partner’s Details (for exits): The full name of the person or entity leaving, exactly as recorded on the CAC register.

  • Identification and Supporting Documents: Provide valid identification (NIN) and any supporting documents required for the incoming or outgoing proprietor or partner, depending on the nature of the change.

  • Authorization: The application must be signed by a proprietor, partner or authorized representative.

Remove or Add Proprietor(s)

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