You might be wondering if it’s possible to change the name on your Employer Identification Number (EIN) if you have one and are thinking about changing the name of your company. Yes, you can change the name shown on your EIN. However, there are a few crucial actions you must take to make the change official.
You will need to submit a Form SS-4 to the IRS in order to update the name listed on your EIN. To apply for an EIN or make adjustments to an existing EIN, such as a name change, utilize this form. You must provide your existing EIN, your former business name, your new business name, and a brief justification for the name change while completing the form.
The name of your company does not automatically change with state authorities or other federal agencies just because you change the name on your EIN, it’s crucial to remember. You will also need to adhere to the exact steps for altering your company name with those organizations.
You might be interested in knowing whether an LLC can function under a different name in addition to changing the name listed on your EIN. Yes, an LLC may conduct business under a name other than the one under which it was initially incorporated. This is referred to as a trade name or a “doing business as” (DBA) name. You must submit a fictitious name registration form to your state or county authority in order to conduct business under a DBA name.
There are various actions you must do if you are thinking about altering the name of your business. You must first determine whether the name you want to use is permitted in your state. To find out, check with the office that handles business registration in your state. If the name is available, you must submit the required papers to state and federal organizations, including the IRS, in order to alter your business name.
In conclusion, it is possible to change the name listed on your EIN, but doing so necessitates submitting the necessary paperwork to the IRS. You must submit a new form designed for that purpose if your LLC only has one member. An LLC can also use a fictitious name registration to operate under a different name from the one it was registered under. Be prepared to follow the precise procedures for changing your name with state and federal agencies if you’re thinking of changing the name of your business.