fbpx
Menu

Cancellation of Sole Proprietorship.

In:

A sole-proprietorship business will cease when the proprietor either dies or otherwise ceases to carry on business.

The Registrar can cancel registration if the sole proprietorship is not renewed or where Registrar is satisfied that the business is defunct.

The Business Names Registration Act requires any person registered under it who has ceased to carry on business to notify the Registrar of this. Failing to do so is an offence and may result in the imposition of a fine.

×