Changing the Name of Your Business in South Carolina: A Guide

You might choose to rename your company in South Carolina at some point as a business owner. This may be the result of a number of factors, including rebranding or just the fact that your company’s current name no longer accurately describes what you do. Whatever the reason, changing your company’s name in South Carolina is simple and can be done by adhering to the steps listed below.

Make sure the new name you have chosen is available before changing your company name in South Carolina. You can do this by looking up name availability on the South Carolina Secretary of State’s website. You can move forward with the name change procedure if the name is accessible.

The South Carolina Secretary of State must then receive the Articles of Amendment. In order to do this, you must submit a form outlining all the alterations you are making to your company, including the new name. Additionally, there will be a charge for this service. Your business name will formally change after the Articles of Amendment are authorized. In South Carolina, Changing the Name of an Existing LLC to a DBA

A Certificate of Assumed Name must be filed with the South Carolina Secretary of State if you want to add a DBA (Doing Business As) to your current LLC in that state. This entails paying a fee and registering the DBA with the state. Following approval, your LLC may begin using the new DBA.

Can an LLC possess another LLC? In South Carolina, one LLC may possess another LLC. A parent-subsidiary connection exists in this situation. The subsidiary LLC is controlled by the parent LLC, which has the authority to act on its behalf. Prior to creating a subsidiary LLC, it is advised to have legal and financial guidance because doing so may have legal and tax repercussions.

A business entity’s articles of organization or articles of incorporation may be amended legally by submitting an article amendment. This could entail altering the company’s name, adding or removing members, or altering the organization’s goals. To amend their articles of organization or articles of incorporation, firms in South Carolina must submit Articles of Amendment to the Secretary of State.

You must modify your operating agreement in South Carolina if you want to alter the ownership split of an LLC. This entails making adjustments to the agreement that spells out your LLC’s ownership structure, including the ownership stakes allocated to each member. All members shall sign the modified Operating Agreement prior to its becoming effective. All modifications to your operating agreement should be documented.

To sum up, in South Carolina, you are able to change your company’s name, add a DBA, modify your ownership stake, or create a subsidiary LLC. To ensure that the process is seamless and any legal ramifications are taken into account, it is crucial to follow the proper legal procedures and obtain professional counsel.