Change in Partner(s) of LP

Change in Partner(s) of LP

₦25,000

File Notice of Change in Partner(s) of Limited Partnership (LP) with CAC

Every Limited Partnership (LP) registered in Nigeria is required by law to maintain an accurate and up-to-date register of its general and limited partners. Whenever there is a Change in Partner(s), whether through the addition of a new partner, the resignation or removal of an existing one, or a change in a partner's designation, the LP must officially notify the Corporate Affairs Commission (CAC).

SplashDict helps LPs file the Notice of Change in Partner(s) quickly and accurately, ensuring your partnership remains legally compliant and your membership structure is properly reflected on the CAC registry.

Service Fee (All inclusive):

₦25,000

Add or Remove Partner(s) of Limited Partnership (LP) in Nigeria

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

  • Filing & Documentation: We prepare and file the required CAC forms, partnership resolutions, and all necessary documents for the change in partner(s).

  • Official Update: Receive an updated CAC Status Report officially reflecting the current partner structure of your LP.

  • 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 2–10 working days, subject to CAC approval.

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Why File a Change in Partner(s) of LP with CAC?

A Limited Partnership (LP) must have at least one General Partner and one Limited Partner. General Partners manage the business and have unlimited liability, while Limited Partners provide capital and have liability limited to their investment.

Filing a Change in Partner(s) with the CAC is necessary whenever there is a change in the partnership structure, such as the addition, removal, or resignation of a partner.

  • Statutory Requirement: Any change in an LP’s partnership structure must be formally recorded with the CAC to ensure compliance with Nigerian corporate law.

  • Admission or Retirement of Partners: Whether bringing in new investment through limited partners or processing the retirement of a general partner, the public record must be updated to reflect the current legal owners.

  • Retirement or Removal of Partners: If a partner resigns, retires, or is removed due to breach of terms, insolvency, or other reasons, the change must be reflected in CAC filings, and the LP Agreement must be updated.

  • Maintain Accurate Public Records: The CAC’s registry is used by investors, banks, and regulatory bodies to verify the LP’s ownership and control. Filing a Change in Partner(s) ensures these records remain accurate and up-to-date.

CAC Post-Registration Services

Requirements for Filing Change in Partner(s) of LP with CAC

  • Up-to-Date Annual Returns: The CAC requires all outstanding annual returns to be filed before approving any changes to the partnership.

  • LP Details: Provide the partnership’s full registered name and the LP (Registration) Number as recorded with the CAC.

  • Nature of Change: Indicate whether the filing involves the admission of a new partner, the retirement/removal of an existing partner, or a change in a partner’s status.

  • Details of Incoming or Outgoing Partner(s): For each partner (general or limited), provide Full name, nationality, date of birth, gender, phone number, email, occupation, residential address, valid means of identification, and identity number.

  • Partnership Resolution: A signed resolution from the existing partners authorizing the change (addition, removal, or withdrawal).

  • Authorization: The application must be signed by a General Partner or an authorized representative of the LP.

Change Partner

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