An LLC may indeed change its name. An LLC may seek to change its name for a number of reasons, such as rebranding, legal concerns, or alterations in ownership or management. An LLC can change its name by completing the correct processes, regardless of the reason.
The cost of renaming an LLC in Illinois is $25. However, there will be an extra charge of $50 if you decide to speed up the procedure. It is important to note that altering the name of your LLC will have no effect on the LLC’s tax identification number (EIN) or legal status.
You must get in touch with the Internal Revenue Service (IRS) in order to modify the name listed on your EIN number. Call the Business and Specialty Tax Line at 1-800-829-4933 to do this. Your EIN number and the new name of your LLC must be given to the IRS. The IRS will then make the necessary updates to their records.
How can I modify my LLC? You must submit a Certificate of Amendment to the Illinois Secretary of State if you want to rename your LLC in that state. The steps you must take are as follows: 1. Pick a new name for your LLC: Before submitting the Certificate of Amendment, ensure that the name you have chosen for your LLC is unique and not currently in use.
2. Create the Certificate of Amendment: This legal document serves as an official notice to the state of Illinois that your LLC’s name is changing. Either draft the Certificate of Amendment on your own, or have a lawyer do it for you. The present name of your LLC, the new name you have selected, and the date the change will go into effect all need to be listed in the paperwork. 3. File the Certificate of Amendment: After drafting the Certificate of Amendment, you must submit it for filing with the Secretary of State of Illinois. The document can be submitted online or by mail. A confirmation email will be sent to you once the document has been processed if you file online, which will speed up the process. It can take longer to get a confirmation if you decide to file by mail. 4. Notify pertinent parties: Following the filing of the Certificate of Amendment, you must inform pertinent parties—such as customers, suppliers, and banks—of the name change. You should also change the name on your LLC’s website, social media pages, and any other marketing materials.
Finally, changing the name of your LLC in Illinois is a straightforward procedure that can be finished by adhering to a few basic steps. You can make sure your LLC is functioning under the correct name by selecting a new name, writing and submitting the Certificate of Amendment, and notifying pertinent parties of the change.
You must adhere to the procedures stated in your LLC’s operating agreement and the Illinois LLC Act in order to replace the manager of your LLC in Illinois. This often entails calling a meeting of the LLC members, passing a resolution to oust the present manager and name a replacement, revising the operating agreement, and informing the Illinois Secretary of State of the change. Updates to any appropriate business licenses, permits, and tax registrations may also be required. It is advised to consult a legal expert to make sure the procedure is carried out legally and in accordance with state legislation.
You must submit Articles of Amendment to the Secretary of State in Illinois if you want to change the name of your LLC. The current name of your LLC, the new name you want to add, and a declaration confirming that the new name complies with Illinois naming regulations must all be included in the Articles of Amendment. A filing fee is furthermore due. When the Articles of Amendment are accepted, the name of your LLC will be formally modified.