You might discover that your present business name no longer aligns with your brand or objectives as your company expands and changes. In Maine, changing the name of your company is an easy process that can be completed in a few quick steps. What you should know is as follows.
Step 1: Verify the Availability of the New Name Make sure your new name is accessible before changing your company name in Maine. On the website of the Maine Secretary of State, you may determine whether a business name is available. If the name is available, you can submit a Name Reservation Request Form to reserve it for up to 120 days.
You must submit Articles of Amendment to the Maine Secretary of State after reserving your new company name. This form modifies the state’s record of your company’s legal name. Your present business name, your new business name, and your company’s tax ID number must all be provided.
You must change your business licenses and permits as soon as the state approves your new business name. This involves changing the name of your company with the Department of Labor, the Maine Revenue Service, and any other organizations that require a business license or permission.
Does a Partnership Have the Right to a DBA? A partnership may indeed operate under a DBA. A DBA is a made-up name that a company uses in place of its actual name. DBAs are frequently used by partnerships to establish a distinct brand identity or to conduct business under a name other than the names of the partners. You must submit a Certificate of Assumed Name to the Maine Secretary of State in order to register a DBA in the state of Maine.
In conclusion, changing your company name in Maine is a quick and easy process that only requires a few basic steps. You can change your company’s legal name and keep building your brand under a new name by following the procedures indicated above. A DBA can also assist a partnership in its quest to conduct business under a new name.