As a company owner, you can come across a circumstance where you need to rename your Limited Liability Company (LLC). Maybe your company has grown and the previous name no longer applies, or maybe you’ve relaunched and need a name that more accurately reflects your new image. The good news is that you can change the name of your LLC for any reason.
An LLC can easily change its name through a simple procedure. To find out the procedures for altering the name of your LLC, you must first check with the Secretary of State’s office or the office responsible for business registration in your state. To change the name of your LLC with the state, you often need to file a document called Articles of Amendment with the state.
After filing all essential papers with the state, you must update the name of your company with all other governmental bodies. The Internal Revenue Service (IRS) will need you to make one of the most crucial changes. By submitting Form 8822-B, you must inform the IRS of the name change. By doing this, you’ll make sure that the name of your company is accurate on your Employer Identification Number (EIN) information. The answer to the query of how to modify the name of your LLC on your EIN is to submit Form SS-4 to the IRS. This form helps guarantee that your company’s name is current with the IRS and that it is properly recognised for tax purposes.
It’s vital to remember that just because you rename your LLC doesn’t imply you automatically require a new EIN. You can utilize the same EIN if your LLC’s ownership structure doesn’t change. However, you will want a new EIN if you alter the LLC’s ownership structure, such as by adding or removing members.
You must change the name listed on your bank account and other financial accounts in addition to altering the name of your company with the state and federal governments. Your bank and other financial institutions will probably want copies of your amended Articles of Amendment and EIN information as a result.
In conclusion, it is possible to change the name of your LLC if you follow the right processes with your state and the IRS. To avoid confusion or problems in the future, it’s crucial to make sure that you update your company’s name with all pertinent governmental organizations and financial institutions.
You can indeed change the name of your LLC while maintaining the same EIN. You must submit an update to the state where your LLC is registered when you alter the name of your LLC. But even if you change the name of your LLC, you can still use the same EIN because it is unrelated to the name of your company. After altering the name of your LLC, it’s crucial to notify the IRS and any other pertinent government authorities.