Step 1: Determine if the Name You Want Is Available Make sure your preferred name is accessible before changing the name of your LLC in New Mexico. To find out if the name you desire is already taken, you can do this by browsing the New Mexico Secretary of State website. If the name is accessible, go to the following action.
Second step: submit articles of amendment Articles of Amendment must then be submitted to the New Mexico Secretary of State. You can formally modify the name of your LLC using this form. Your present business name, your new business name, and your business address must all be provided. A filing fee is furthermore due.
Update Your Business Documents in Step 3 You must update all of your business documentation with your new name once your name change has been approved. This applies to all documents that contain your business name, such as your operating agreement, business cards, website, and other printed materials.
Step 4: Inform Your Clients and Vendors Finally, you must inform your clients and suppliers of your name change. You can do this by sending an email or a letter through the mail. Additionally, you need to edit any directories that display your company name as well as your social media profiles.
Is the state of New Mexico attractive? Yes, the state of New Mexico is renowned for its breathtaking desert vistas, mountains, and canyons. Several national parks and monuments, including Carlsbad Caverns, White Sands, and Bandelier, are also located in this state. Which ethnic group makes up the majority in New Mexico? Hispanic or Latino people make up the largest ethnic group in New Mexico, accounting for nearly 47% of the state’s population, according to the U.S. Census Bureau. The Native American and Anglo populations in the state are also sizable. Can your trading name and business name be different?
Yes, a trading name and a business name might differ. While a business name is the official name that is registered with the state, a trading name is the name that a business uses for advertising and marketing.
So, is it possible for a trade name and a business name to be the same?
A trade name and a company name can indeed be the same. A business name, on the other hand, is the formal name that is registered with the state; it is crucial to keep in mind that a trade name has no legal status.
A trade name and a DBA (Doing Business As) are typically interchangeable terms. Both terms refer to a name that a company uses to conduct business and which differs from its legal name. However, a state’s or jurisdiction’s specific definitions and standards could be different. In New Mexico, for instance, a DBA is a name used by a sole proprietorship or a partnership, while a trade name is defined as an alternate name for an LLC.
In New Mexico, a solo proprietor may indeed use a trading name. But unlike altering the name of an LLC, changing the trading name of a sole proprietor is a distinct process. By filing a “doing business as” (DBA) name with the New Mexico Secretary of State’s office, a sole proprietor can conduct business using a name other than their legal name. This enables you to conduct business under a name other than your given name.