Cessation of Business Name

Cessation of Business Name

NGN20,000

Formally Close Your Business Name with CAC

Ready to shut down your Business Name? File a Notice of Cessation with the Corporate Affairs Commission (CAC) to avoid future liabilities.

Service Fee (All inclusive):

NGN20,000

Close Your Business Name in Nigeria with Ease

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

  • Filing & Documentation: We manage and file all cessation documents with CAC.

  • Official Update: Receive your Cancellation Confirmation and updated CAC Status Report (“Cancelled”).

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

  • Fast Processing: Completed within 2 to 10 business days.

  • Ongoing Support: We assist with future regulatory and statutory needs.

Shutdown Business Name

Key Features of Business Name Cessation

  • Mandatory Filing: Businesses that cease operations must notify the CAC for legal closure.

  • Official Status Update: The Business Name is marked as "Cancelled" in the CAC register upon approval.

  • Name Availability: Once canceled, the Business Name becomes available for re-registration.

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.

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Benefits of Filing a Notice of Cessation for Business Name

  • Legal Compliance: Ensures your business is in line with the Corporate Affairs Commission's requirements.

  • Accurate Records: Ensures the CAC Register accurately reflects active and inactive businesses.

  • Avoids Penalties: Prevents accumulation of fines for non-compliance, such as failure to file annual returns.

Business Name Post-Registration

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