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 change Partners in a Limited Partnership (LP)?

Changing partners in a Limited Partnership (LP) may be necessary due to events such as the death, withdrawal, or retirement of a partner, or the admission of a new partner for strategic, financial, or operational reasons.

These changes can help adjust the partnership’s ownership structure, bring in new capital or expertise, or respond to evolving business goals. Any such change must be formally documented and filed with the Corporate Affairs Commission (CAC) to ensure legal compliance and maintain an accurate public record.

Adding New Partners: New partners may be added to a Limited Partnership (LP) to support growth or strengthen operations.
Limited Partners can be admitted as investors to provide additional capital without participating in management, while General Partners may be brought in to contribute expertise, leadership, or actively manage the business.
Partner Departure: Partners may exit a Limited Partnership (LP) for various reasons. A Limited Partner might withdraw due to a sale of interest, a shift in investment strategy, or personal circumstances.
A General Partner may retire, become incapacitated, or be removed in accordance with the terms of the partnership agreement.
Business Needs: Changes in the partnership's needs, such as a shift in strategy or a need for specific expertise, might necessitate changes in the partner composition.
Conflicts or Disputes: Conflicts or disagreements among partners can also lead to changes in the partnership structure.

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.