The present name of your company, the new name you want to employ, and the date the name changed are required when filing Articles of Amendment in Nevada. Additionally, there is a filing cost that you will have to pay, which is now $200 for paper files and $175 for internet filings. The Nevada Secretary of State will register your new business name once the Articles of Amendment have been processed.
It is significant to remember that altering your company name has no impact on the type of entity your company is. For instance, if your company is already a limited liability company (LLC), altering its name won’t affect its position as an LLC. However, you will need to submit additional documentation to the Nevada Secretary of State if you wish to alter the sort of business entity you are (for example, from an LLC to a corporation).
If you are a foreign LLC doing business in Nevada, you must go through the same procedure as a domestic LLC to alter your company name. To reflect the name change, you might also need to submit more documents to your home state. A notification of your name change may also need to be published in a Nevada newspaper if you are a foreign LLC conducting business there.
Series LLCs, a type of limited liability corporation that permits the development of distinct, independent “series” within the same business entity, are recognized in Nevada. The Nevada Secretary of State must receive the Articles of Conversion if you want to convert your LLC into a series LLC. This procedure entails transforming your current LLC into a series LLC and developing one or more series inside the corporate structure.
The procedure of changing your business name in Nevada can be done online, via mail, or in person, and it is a rather straightforward one. The legal requirements and repercussions of doing so, as well as any additional paperwork that could be needed for overseas LLCs or series LLCs, should be understood, though. It is advised that you speak with an attorney or accountant who is knowledgeable about Nevada company regulations if you have any concerns or require assistance with altering your business name.
Creating distinct series within the same limited liability company, each with their own assets and liabilities, is possible with a series LLC. A restricted LLC, on the other hand, is a kind of LLC that is constrained in terms of the activities it can engage in and the transfer of ownership interests. While the owners of both kinds of LLCs are protected from liability, a series LLC provides more freedom in managing assets and liabilities inside the business.