How to legally close a Business Name which is no longer doing business.
In order to legally close a Business Name which is no longer doing business, one will have to file a Notice to the Corporate Affairs Commission for Cessation of business/removal of name from register.
Requirements for filing notice of cessation of business and removal of Name from the register of business names include the following:
- Notice of cessation of business by proprietor or personal representative of proprietor in case of deceased proprietor.
- Consent of partners in case of a partnership.
- Submission of certificate and documents of registration for cancellation.
- Photocopy of means of valid identification of the proprietor(s).
- Updated Annual Returns filing.
- Payment of the prescribed fees.
Once all of these requirements have been satisfied, file all documents with receipt of payment at the Corporate Affairs Commission close to you. This process can take about a month but soon after all documents have been vetted by the Commission and found to be in satisfaction of the requirements of the commission, the business name will be delisted and will no longer exist in the Register of Companies.
The personal representative should deliver the notice of cessation of business to the Commission within three months of cessation of the business
618 Bees can help you quickly and easily close a Business Name you no loner need. Log on to our website www.618bees.comor email firstname.lastname@example.org, or give us a call on +2349017190079. 618 Bees will complete your application for cessation of Business with the Corporate Affairs Commission.
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