Change in Proprietor/Partner(s) of Business Name

Change of Proprietor / Partner(s) of Business Name

NGN25,000

Add, Remove, or Update Proprietor or Partner(s) of a Business Name with CAC

When the ownership or partner structure of your Business Name (Sole Proprietorship or Partnership) changes, it must be updated with the Corporate Affairs Commission (CAC) to remain compliant and legally recognized.

Whether it’s due to a new co-owner, withdrawal, restructuring, or death of an owner, we help you file correctly and efficiently.

Service Fee (All inclusive):

NGN25,000

Change Owner(s) of Business Name in Nigeria

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

  • Filing & Documentation: We handle filings and documents for proprietor changes with CAC.

  • Official Update: Receive an updated CAC Status Report reflecting the new proprietor or partner(s) change.

  • Transparent Pricing: Includes CAC filing fees and professional handling; no hidden charges.

  • Fast Processing: Completed within 2 to 7 working day(s), 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 Update Proprietor or Partner(s) of a Business Name?

A registered Business Name (Sole Proprietorship or Partnership) is legally tied to its listed Proprietor(s) or Partner(s). When there’s a change in ownership, it is essential to notify the Corporate Affairs Commission (CAC) to keep your records accurate and compliant.

Common scenarios include the addition or removal of partners, replacement of a proprietor, death of an owner.

  • Legal Compliance: Ensures your records reflect the true and current ownership structure, as mandated by CAC.

  • New Partnerships or Exit of Co-founders: Reflect any new agreements, mergers, or exits to ensure clarity of roles and legal ownership.

  • Transparency with Institutions: Keeping your CAC records updated ensures consistency with bank KYC, tax registration, funding applications, and legal contracts.

Other CAC Post-Registration Services

Requirements for Filing Change of Proprietor / Partner with CAC

  • Business Name Details: Provide details, including the Registration Number, Business name in full, Nature of business, and Date of the change (dd/mm/yyyy).

  • Reason for Change or Removal of Proprietor: Specify the reason, such as removal, resignation, tenure expiration, or new appointment.

  • Details of the New Proprietor(s): Provide the new proprietor's or partner's personal details (surname, first name, other names, date of birth, gender, nationality), contact details (phone number, email, occupation), Valid government-issued ID, and address information (service address and residential address).

  • 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.

Remove or Add Proprietor(s)

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