Changing Your LLC Name in New York

Due to their flexibility, tax advantages, and limited liability protection for their owners, LLCs are among the most widely used business structures in the United States. However, for a variety of reasons, LLC owners might occasionally want to modify their company name. The good news is that LLCs in New York are able to rename themselves, and the procedure is simple. We will go over how to rename your LLC in New York in this article, along with other pertinent issues.

LLCs may indeed change their names. In fact, changing the name of an LLC is a practice that many business owners engage in, whether it’s to rebrand their company, reflect a change in ownership, or just because they dislike the current name. Whatever the cause, LLC owners have the option to amend their business name by submitting Articles of Amendment to the New York Department of State. How Do I Modify My Business Name in New York?

You must submit Articles of Amendment to the New York Department of State in order to modify the name of your LLC in that state. The amendment can be sent in by mail or online. The cost of filing electronically is $50, whereas filing via mail costs $60. You must give the following information throughout the easy and clear filing process: The following information must be included:

– Your LLC’s current name

– Your LLC’s new name

– The date the name change became effective

– The signature of an authorized person

The Department of State will assess your application once you submit the Articles of Amendment, and if it is accepted, it will issue a Certificate of Amendment. As evidence of the name change, you should maintain this certificate with your business documents.

Yes, New York State does charge an annual fee for LLCs. Each LLC must submit an annual report to the Department of State along with a $9 filing fee. The final day of the LLC’s anniversary month is when this report is due. For instance, your annual report and fee would be due on June 30 every year if your LLC was established on June 15.

In New York, you must abide by the operating agreement or articles of organization if you choose to terminate a partner’s participation in your LLC. In the absence of any instructions from the operating agreement or articles of incorporation, you must abide by the standard guidelines set forth in the New York LLC Law. In most cases, buying out a partner’s ownership interest or signing a buyout agreement is required to kick them out of an LLC.

In New York, changing the name of your LLC is as simple as submitting Articles of Amendment with the Department of State. The process can be finished online or by mail, and the filing price is fair. All LLCs in New York must also submit an annual report and pay a $9 filing fee. You must abide with the operating agreement, the articles of incorporation, or the default guidelines set forth in the New York LLC Law if you want to kick out a partner from your LLC. As usual, it is advised that you seek legal or tax advice before making any major modifications to your LLC.