Choosing the ideal name is essential when launching a business. However, occasionally the name you first selected could no longer be appropriate for your business or objectives, or you might just wish to rebrand for a new beginning. Whatever the reason, it is possible to change your company’s name, but it does take some work and paperwork.
An LLC is permitted to operate under a different name, but only after submitting a DBA (doing business as) form. If you want to conduct business using a name other than the one you registered with the state, you must do this. You can legally use a different name while retaining the security and advantages of an LLC by submitting a DBA application.
No, it is not possible to alter your company name without also changing your EIN. Your company’s EIN is a special nine-digit number that is linked to your business name and is given to you by the IRS for tax purposes. You must file for a new EIN if your company name changes. This regulation does not apply if your company’s structure moves from a sole proprietorship to an LLC or vice versa, albeit there are several exceptions. How Do I Change the Name of My Company? Depending on your business structure and jurisdiction, there are several steps involved in changing your company name. Checking to see if the name you want to use is available and hasn’t been copyrighted by someone else is usually the first step. You must submit the required documentation to the Secretary of State’s office in your state after making sure your new name is accessible. To update your company’s legal name on official papers and with government authorities, you may need to file articles of amendment or a certificate of amendment. You might also need to change the name on any contracts, licenses, or permissions.
The time frame for altering the name of your business can be anywhere from a few weeks and many months. The precise amount of time will vary depending on a number of variables, including the state in which your company is registered, the complexity of your organizational structure, and how quickly the Secretary of State’s office can process your application. It’s crucial to remember that you should keep conducting business under your current name while you wait for your new name to be approved in order to stay out of trouble with the law.
In conclusion, it is possible to change the name of your company, but it does take time and paperwork. If you wish to use a different name for your LLC, you must file for a DBA, and if your business name changes, you must apply for a new EIN. Depending on your business structure and jurisdiction, changing your company name can take anything from a few weeks to several months. However, you may successfully change your company name and offer your brand a new beginning with proper planning and preparation.
Form 8822-B, the change of address or responsible party – Business form, must be filed with the IRS in order to alter the name of your LLC. On the IRS website, you can also make the modification. You must amend your company name with the IRS, your state government, and any other organizations or entities you do business with. This is in addition to alerting the IRS.