1. Determine whether the new name is available. Searching the Utah Division of Corporations and Commercial Code website will yield the necessary results. The LLC can move forward with the name change process if the name is available.
2. Complete the form for the Articles of Amendment. The Utah Division of Corporations and Commercial Code must receive a copy of this form. The current name of the LLC, the new name, and the explanation for the name change are all required on the form.
3. Remit the filing charge. The Articles of Amendment form has a $70 filing fee. 4. Await authorization. The Utah Division of Corporations and Commercial Code will examine the application after the paperwork has been submitted and the required fee has been paid. The name change for the LLC will be approved if everything is in order.
The LLC must amend all of its legal records, such as its Operating Agreement, contracts, and licenses, following the approval of the name change. The LLC must also let its clients, suppliers, and other stakeholders know about the name change.
“Doing Business As,” often known as a DBA, is a moniker that a company employs for operations that are distinct from those under its legal name. An LLC, for instance, might employ a DBA for branding or marketing purposes. By submitting a Certificate of Assumed Name form to the Utah Division of Corporations and Commercial Code, an LLC can register a DBA in Utah. Advantages and disadvantages of a DBA A DBA does not provide the business owner with any legal protection, which is one of its key drawbacks. This indicates that the owner’s personal assets may be at danger if the company is sued. Furthermore, hiring a DBA could make it harder for the company to get finance or sign contracts. Having a business name registered but not using it A company may register a name in Utah without using it. The Utah Division of Corporations and Commercial Code, however, has the authority to revoke the registration if the company does not utilize the name for three years in a row. There are two companies with the same DBA name. As long as they are not in the same industry, two companies in Utah are permitted to use the same DBA name. This means that clients shouldn’t be confused if two organizations with the same DBA name but different industries of operation exist. However, adopting the same DBA name may cause confusion and legal problems if the businesses are in the same sector.