Cessation Of Business Name
NGN 25,000.0
60 days
Other
Description
Information about the compliance service
Cessation of Business simply means when business owners decide to end business operations, either temporarily or permanently based on reasonable grounds or upon the death of the business owner (proprietor).
Requirements
Info and documents needed for this service
1. Notice of cessation of business by proprietor
2. Consent letter for the cessation of business addressed to the registrar of the CAC.
3. Death certificate (where the proprietor is dead).
4. Photocopy of valid I.D card of the legal representative.
5. Up to date annual returns filing.
6. Payment of prescribed fees.
2. Consent letter for the cessation of business addressed to the registrar of the CAC.
3. Death certificate (where the proprietor is dead).
4. Photocopy of valid I.D card of the legal representative.
5. Up to date annual returns filing.
6. Payment of prescribed fees.
Process
Steps involved in this compliance service
1. File documents
2. Obtain Approval of CAC.
2. Obtain Approval of CAC.
FAQs
Frequently asked questions about this service
1. Is cessation of business mandatory?
No, business cessation is a voluntary decision made by the owner when the owner deems it fit.
No, business cessation is a voluntary decision made by the owner when the owner deems it fit.