The answer is yes, although the procedure differs from state to state. Generally speaking, you must submit articles of change to the state organization responsible for business registration. The names of your current and new LLCs, as well as any other pertinent information required by your state, must be provided. There can be a filing fee, which varies by state and costs between $50 and $200.
The state will issue a new Certificate of Organization or Certificate of Amendment with your new LLC name once your articles of amendment have been approved. Your operating agreement and internal records, among other papers, will need to be updated to reflect the new name. Additionally, you must inform any pertinent parties of the name change, including your clients, suppliers, and financial institutions. Can an LLC use a different name to conduct business? Yes, an LLC is permitted to conduct business under a different name, also referred to as a “doing business as” (DBA) name or a “trade name.” In the majority of states, you must register your DBA name with the state or county where your business is located. Usually, a trade name registration or fake name registration are used to accomplish this.
The procedure for altering your LLC name is distinct from the process for registering a DBA name. You can register a DBA name without submitting articles of amendment if you wish to conduct business under a new name while maintaining the same name for your LLC. However, you must submit articles of amendment and register a DBA name if you want to modify the name of your LLC and conduct business under a different name.
Can I Change the Name of My Business in Light of This? You can change the name of your company, but the procedure depends on the kind of corporate entity you have. If you operate as a sole proprietor or in a partnership, you can just begin using a new business name right away without having to register it or submit any paperwork. However, you can register a DBA name if you want to make the name change official.
The identical procedure for changing your LLC name must be followed whether you are a corporation or an LLC. You will need to update your company records and paperwork and file articles of amendment with the state. You must also register a DBA name if you want to conduct business under a different name.
The Employer Identification Number (EIN), also known as a Federal Tax Identification Number, is a number that identifies your company and can be changed. You do not need to file for a new EIN if you change your business name because your EIN is assigned to your company entity, not your business name.
The Internal Revenue Service (IRS) must be notified of the name change if you have an LLC and modify it by submitting articles of modification. Form 8822-B, a change of address or responsible party form, can be used to do this. The change in your LLC name must be included on the form, along with the new name’s effective date. Should I Give My LLC My Own Name?
If you want to build a personal brand or if you intend to represent your company, you might want to consider naming your LLC after yourself. There are a few possible negatives to take into account, though. For instance, it might be more challenging to distinguish between your personal brand and the brand of your company if you ever want to sell your business.
Furthermore, it could be more difficult to establish credibility and trust with potential clients who are not directly acquainted with you if you decide to name your LLC after yourself. Additionally, it can make it more difficult for you to grow your company past your immediate network.
Whether you choose to name your LLC after yourself ultimately relies on your interests and aims. If you decide to do something, it’s necessary to think about the possible consequences and make plans accordingly.
If the LLC structure does not change, changing the name of your LLC has no impact on your tax return. However, you must submit Form 8822-B to the Internal Revenue Service (IRS) to change the name of your LLC. Additionally, you need to change the name of your company with any state or municipal government organizations where your LLC is registered. Additionally, you must submit Form SS-4 to the IRS notifying them of the name change of your LLC if you have an Employer Identification Number (EIN).
You must submit Form 8822-B, also known as the Change of Address or Responsible Party – Business form, to the IRS in order to change the name of your LLC. You must fill out this form with your LLC’s new name as well as the responsible party’s new address. When the form is finished, you can either mail it or fax it to the IRS at the address provided on the form. It’s crucial to remember that updating your state-level registrations does not happen immediately when you change your LLC’s name with the IRS, so you must also follow those state-specific rules.