Cessation of Business Name

Cessation of Business Name

NGN20,000

Formally Close Your Registered Business Name with CAC

When a registered Business Name in Nigeria ceases operations, whether voluntarily, due to inactivity, or upon the death of a proprietor, it is essential to legally file a cessation notice with the Corporate Affairs Commission (CAC).

This ensures the business name is formally removed from the CAC register, helping you avoid future penalties, liabilities, and misuse of your brand.

Service Fee (All inclusive):

NGN20,000

Close Your registered Business Name in Nigeria

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

  • Filing & Documentation: We prepare and submit all required cessation documents to the CAC.

  • Official Closure: Receive a Cancellation Confirmation and an updated CAC Status Report marked “Cancelled”.

  • Transparent Pricing: No hidden fees, all CAC filing and handling costs included.

  • Fast Processing: Completed within 2 to 10 business days, subject to CAC approval.

  • Ongoing Support: Our Chartered Secretary and corporate services team provide ongoing expert help for regulatory and statutory needs.

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Why File for Cessation of a Business Name?

Cessation of your business name with the CAC, as required under Section 578 of CAMA 2020, is a critical step to formally end your business’s legal existence in Nigeria. This process ensures you are no longer liable for compliance obligations, such as annual returns, and protects you from future penalties or legal risks.

  • Legal Closure: Filing a notice of cessation formally informs CAC that your business has stopped operations.

  • Prevent Future Penalties: Inactive businesses that are not officially closed continue to accrue annual return penalties and risk regulatory sanctions.

  • Protect Your Name and Identity: Failure to delist a dormant name may expose you to unauthorized use or liability issues associated with that name.

  • Required After Proprietor’s Death: Where the proprietor has passed away, their representative can initiate cessation by presenting a death certificate and proper identification.

  • Fresh Start for New Ventures: If you plan to register a new Business Name or Company, having your old one legally ceased avoids conflicts or duplicated filings.

  • Simple Process with Expert Support: SplashDict’s CAC-accredited agents handle everything, delivering your Cancellation Confirmation in 2–10 business days. 

CAC Post-Registration Services

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.

Shut Down Business Name

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