Change of Partners of Limited Partnership (LP)

NGN25,000

Add, Remove, or Update General or Limited Partner(s) of a Limited Partnership (LP) with CAC

Keep your Limited Partnership (LP) accurate and compliant by officially filing any changes in its partner structure with the Corporate Affairs Commission (CAC).

Whether you’re adding a new partner, withdrawing an existing one, or changing a partner’s status (e.g., from general to limited or vice versa), these changes must be properly documented to reflect the current composition of your LP and ensure legal continuity.

Service Fee (All inclusive):

NGN25,000

Change Owner(s) of Limited Partnership (LP) 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 Partnership (LP)?

A Limited Partnership is legally defined by its registered General and Limited Partners. Any change in the identity or role of a partner alters the structure of the partnership and must be documented accordingly with CAC to reflect the current reality of the business.

Legal Compliance: All changes to an LP’s partnership composition, whether an addition, withdrawal, or status change; must be filed with CAC to remain compliant.
Changes in Partner Status: A General Partner may become a Limited Partner (or vice versa) based on role changes or liability restructuring.
Admission or Withdrawal of Partners: New partners may join the LP to contribute capital or expertise, while others may exit due to retirement, death, or transfer of interest. Each of these events requires CAC notification.

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

LP Details: Full business name, CAC registration number, and registered address.
Reason for Change: Specify whether it’s admission, removal, death, or partner replacement.
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.
Updated Annual Returns: Ensure all LP Annual Returns are filed before making post-registration changes.
Authorization: Application must be signed by a General Partner or authorized signatory.