If you’re a business owner in Iowa thinking about changing your company name, you must take specific actions to ensure a smooth transition. What you need to know to alter your company name in Iowa is provided below.
Step 1: Select a new name You’ll need to select a new name before you can change your company name. Make sure the name you select is original and has not been taken by another company in Iowa. To see if the name is accessible, check the company name database maintained by the Iowa Secretary of State.
You must register your new name with the Iowa Secretary of State after you’ve made your decision. A Certificate of Amendment must be submitted to the Secretary of State’s office if the name of an LLC or LLP is changing. A new Trade Name Registration must be submitted if the name of a general partnership or sole proprietorship is changing.
Step 3: Inform the IRS of any changes to your company name. You must notify the IRS of any changes to your business name if your company has an Employer Identification Number (EIN). To accomplish this, submit a Form SS-4 to the IRS.
The last step is to update your business name with any additional vendors or agencies you work with after you’ve changed it formally. This might include any businesses or organizations you frequently work with, such as your bank, your insurance provider, your website server, and others.
Limited liability partnerships (LLPs) and LLCs both provide liability protection for business owners, but there are some significant variations between the two. Compared to LLPs, which are often employed by professional service companies like law firms or accountancy firms, LLCs offer more flexibility in terms of ownership and management structure.
A DBA (doing business as) name registration in Iowa costs $5. The county recorder where your firm is located must receive payment for this charge.
A fake name resolution is a legal document that permits a company to conduct business under a name other than the one that is listed on its registration. This is sometimes referred to as a DBA name (doing business as).
A trademark provides legal protection for a brand name or logo, whereas an LLC is the legal structure for a company. While establishing a trademark protects your brand identification and stops others from using a name or logo that is similar to yours, creating an LLC helps shield your personal assets from company obligations.
The cheapest option to trademark is not discussed in the article “Changing Your Business Name in Iowa: A Step-by-Step Guide”. However, filing a trademark application on your own, without the aid of a trademark attorney or a trademark filing agency, with the United States Patent and Trademark Office (USPTO) is typically the least expensive approach to register a trademark. A DIY (do-it-yourself) trademark application is what this is. It is crucial to remember that submitting a DIY trademark application can be risky because it may result in mistakes or omissions that could cause your application to be rejected or result in a poor trademark registration.