How To Change Corporation Name?

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It is possible that one day you will find the business name you initially chose for your company doesn’t reflect your brand as accurately as you once thought or legal concerns may make it better to take The process for changing the name of an entity varies depending on its type. Changing the name of your company can be confusing, so let’s break down the choices you have whenever changing your company name as a sole proprietor, partnership, LLC, or corporation. Despite the fact that this guide will give you a better idea of what’s involved, it should not be used instead of legal advice. Changes to your business name may have legal implications, so make sure you consult a licensed business attorney before embarking on any changes.

Sole proprietorships and general partnerships

It means you have not set up an official business structure with the state when you operate through either of these entities. As a sole proprietor or partnership, you are part of the same entity as the owner(s) of the business. The business name must include the owner’s first and last names. In any case, that’s not to say sole proprietorships and general partnerships can’t market themselves under a name that’s more interesting and memorable. They can apply for a fictitious business name, also known as “Doing Business As”

Changing the DBA of your business, whether you are a sole proprietorship or partnership, can be accomplished in a number of ways, including The DBA will be canceled and a new one will be filed. In order to do this, you need to contact the government authority that approves and registers DBAs, or you may wish to consider an online company that handles document filing You may need to contact your bank to find out if the name of the existing business bank account can be changed to the new DBA, or a new bank account will need to be opened for it. Make sure that all business licenses and permits must be updated or obtained for the new DBA by checking with county, city, and local government authorities. The IRS should be able to tell you whether getting a new DBA requires you to have a new Employer Identification Number (EIN) as well. Informing the IRS of the change in business name. According to the IRS website, here is a translation

Those who own their businesses as sole If the name of your business has changed, you should notify the Internal Revenue Service (IRS) at the address where the return was filed. You should note Signing the notification by either the business owner or the authorized representative is necessary. “Place the appropriate checkmark in the appropriate name change box on the Form 1065 if you are filing for the current year A box 3 is on page 1, line G. In the event you have already filed your return for the current year, please write to us at the address where you filed your return to update your information. “Signing the notification must also be done by a partner of the business.”

Limited liability companies and corporations

There are two ways to change the name of a company registered as either an LLC or a corporation. While one method involves abandoning the original business name for a new one that is meant for marketing purposes (such as for a new product line), the other method keeps the original business name and creates a new one.

Changing (and using) a business name is no game

you choose to file Articles of Amendment to change your business name or create a DBA, it is crucial to ensure that your desired name has not already been registered by another company. It is possible to detect any potential conflicts by using the online database of the United States Patent and Trademark Office. In addition, state databases can also be used to conduct a more thorough search If you are interested in trademark filing, you can consult a trademark attorney or use an online legal filing service.

 

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