Change in Partners of LLP

Change of Partners of Limited Liability Partnership (LLP)

NGN25,000

Add, Remove, or Update Partner(s) in a Limited Liability Partnership (LLP) with CAC

A Limited Liability Partnership (LLP) is governed by its partners and designated partners. Any change in this structure such as the admission of a new partner, the retirement or removal of an existing one, or a change in partner designation, must be officially filed with the Corporate Affairs Commission (CAC).

Whether you’re adding someone new, withdrawing a partner, or updating a partner’s status or role (e.g., from partner to designated partner), it’s essential to document these changes and update your LLP agreement and CAC records to remain fully compliant.

Service Fee (All inclusive):

NGN25,000

Change Owner(s) of Limited Liability Partnership (LLP) in Nigeria

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

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

  • Official Update: Receive an updated CAC Status Report reflecting the new partner 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 Partner(s) in a Limited Liability Partnership (LLP)?

Partners are the backbone of an LLP’s legal and operational structure. Changes in partnership, whether in personnel or roles, must be properly reflected in your records and filings to maintain good standing with CAC.

  • Legal Compliance: Any change in an LLP’s partner composition or designation must be formally registered with CAC to stay compliant.

  • Admission of New Partners: Bring in new individuals or corporate partners who may contribute capital, expertise, or both. 

  • Retirement or Removal of Partners: When a partner resigns, retires, or is removed (due to breach of terms, insolvency, etc.), the change must be reflected in CAC filings and the LLP Agreement updated.

  • Change in Designation (Partner ↔ Designated Partner): Designated Partners carry additional compliance responsibilities. Any reclassification must be recorded with CAC.

Other CAC Post-Registration Services

Requirements for Filing Change of Partner(s) of LLP with CAC

  • LLP Details: Full business name, CAC registration number, and registered office address.

  • Nature of Change: Addition, removal, retirement, or change in designation.

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

  • Updated Annual Returns: Ensure all LLP Annual Returns are filed before making post-registration changes.

  • Authorization: Filing must be signed by a Designated Partner or authorized representative.

Remove or Add Partners

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