As a business owner in Georgia, you can come across a circumstance where you need to change the name of your company. The procedure for changing your business name in Georgia is rather straightforward, regardless of whether it is necessary due to a change in ownership, rebranding, or any other cause.
You must submit an amendment to the Georgia Secretary of State in order to alter your company name there. Your present business name, your new business name, and the explanation for the change must all be listed in the amendment. Your business name will legally change after the update is submitted and accepted.
It’s crucial to remember that altering your company name necessitates updating your business license as well as any other registrations or licences you might have. In relation to that, the price of a business license in Georgia varies by county and type of enterprise. The price often falls between $50 to $400.
You must apply for a “doing business as” (DBA) certificate if you want to run your company under a name other than your legal business name. With the help of this certificate, you can conduct business using a different name while maintaining your legal business name. You must file a petition with the Superior Court in the county where your business is located in order to obtain a DBA certificate in Georgia.
A DBA does not necessarily require a separate bank account when it comes to banking. Opening a separate bank account for your business is one way to keep your business finances apart from your personal finances, which is strongly advised. This will make it simpler to track your company’s profits and expenses for tax purposes.
Finally, as long as they are registered with the state and are not already being used by another business, an LLC is permitted to use several DBAs. It’s crucial to remember that every DBA must function independently and have its own bank account.
Finally, changing the name of your company in Georgia is a simple procedure that calls for filing an update with the Secretary of State. Additionally, you must apply for a DBA certificate if you intend to conduct business under a different name. It’s also advised to open a different bank account to segregate your business finances from your personal finances. Finally, as long as they are registered and administered independently, an LLC is permitted to have more than one DBA.
You can submit a Trade Name Registration form to the Georgia Secretary of State to register as an LLC doing business as (DBA) in Georgia. Before submitting a request for a trade name registration, you must first create your LLC and register it with the state. When operating as an LLC, you can use the trade name as your business name once it has been approved. It’s crucial to understand that registering a trade name merely gives you permission to conduct business under a different name rather than giving your business name any legal protection.
A trade name is the name of a company or other commercial identity used by a person or entity to conduct business in Georgia. The phrase “doing business as” (DBA) is another moniker for it. A trade name is used to distinguish the company from others and is registered with the Georgia Secretary of State. By submitting an application for a new trade name to the Georgia Secretary of State, a company can change its name.