A company’s name is an essential component of its identity and may be quite effective in luring customers and investors. However, a company could occasionally decide to alter its name for a number of reasons, such as a rebranding initiative or a change of ownership. The procedure for renaming Limited Liability Companies (LLCs) is quite simple.
Yes, an LLC may conduct business under a different name, sometimes referred to as a trade name or “doing business as” (DBA). In this scenario, the LLC must file a DBA registration with the state where it conducts business. As a result, the LLC can operate under a different name while yet remaining legally distinct. It is crucial to remember that all official papers and contracts must still be written in the LLC’s legal name. Can I change the name of my company after registration?
After registering your LLC, you can indeed modify the name of the company. However, you must adhere to the precise steps stated by the legislation of your state. The procedure typically entails submitting an update to the LLC’s articles of formation to the state’s agency for company registration. The new name as well as any other pertinent details or paperwork, including a resolution by the LLC’s members authorizing the name change, will be included in this update. Does Changing Your Business Name Cost Money?
Yes, changing the name of your LLC typically carries a price. The precise sum will depend on the regulations and costs in your state, but it normally varies from $25 to $200. The cost of updating other licenses or documents, such as your business bank account, tax ID number, or permits, may also increase. How Can I Change the Name of My Entity?
1. Use the business registration database in your state to see if the new name is available. 2. Obtain the LLC’s members’ approval for a resolution that authorizes the name change. 3. Draft and submit a modification to the LLC’s articles of incorporation to the state’s office for business registration. 4. Update your LLC’s other legal records, including your business bank account, tax identification number, and permits. 5. Change the name on your LLC’s website, in marketing brochures, and in other items that are visible to the public.
In conclusion, a DBA or trade name can be used to rename an LLC or allow it to conduct business under a different name. After registering, an LLC can change its name by filing an update to its articles of organization and revising various other legal records and licenses. A business can rebrand or adjust to new circumstances by changing its name, which is a reasonably simple process even though there is a cost involved.
You must submit Form SS-4 in order to receive an Employer Identification Number (EIN) for your LLC in order to add it to your business name with the IRS. The legal name of your LLC as well as any trade names or “doing business as” (DBA) names that you desire connected to your LLC must be entered on the form. You can open a bank account and carry on business under your LLC name once you get your EIN. Please take note that simply adding your LLC to your business name with the IRS does not imply that your LLC name has been changed legally. The processes established by your state’s LLC legislation must be followed if you want to formally change your LLC name.