A fictitious business name, sometimes referred to as a DBA (Doing Business As) name, may have been registered by you if you are a business owner. You might ask if you need to revoke your fictitious name, however, if you choose to rename your company or change ownership. Because it depends on the particulars of your company, the answer is not a straightforward yes or no.
You must cancel your current fake name and register a new one if you are altering the name of your company. This is so that it is impossible to change the association between a fictional name and a particular business name. Before registering the new name, you must submit a cancellation request to the organization where you registered your false identity. Check with your state government for detailed instructions as this procedure may differ depending on your state’s requirements.
You might not always need to revoke your fictitious name if you are changing ownership of your company. You must, however, add the new owner’s information to the register. Typically, you can accomplish this by amending the initial registration using an amendment form. Again, the particular procedure could change depending on the laws in your jurisdiction.
For instance, in Florida, you must file an amendment to the articles of organization or the articles of incorporation with the Florida Department of State in order to change the ownership of a business. The new owner’s information and a declaration of the ownership transfer should both be included in this modification. The state will formally acknowledge the new owner after the amendment is passed.
In this context, a revision to the original articles of organization or articles of incorporation is referred to as an article amendment. Changes to the company name, mission, or ownership structure may be part of this. In order to formally implement these changes, an amendment must be submitted to the state.
Last but not least, you must adhere to Florida’s removal regulations if you need to fire a manager from your LLC. This could entail submitting a modification to the articles of organization or adhering to the guidelines provided in the operating agreement for the LLC. To make sure that all necessary measures are taken and that the removal is carried out in line with state legislation, it is crucial to seek legal advice.
In conclusion, the particulars of your firm will determine if you need to cancel a false name. You must cancel the current name and register a new one if you are altering the name of your company. You must update the registration with the new owner’s information if you are transferring ownership. The original registration may be amended to reflect changes to the business name, purpose, or ownership structure, among other things. It is crucial to adhere to Florida’s regulations and seek legal advice if you need to fire a manager from your LLC there.