It is rather easy to change the name of your Limited Liability Company (LLC). However, it needs to be filed with the correct legal paperwork. Verify that the new name is available and in accordance with state regulations before you start the process. Here is a step-by-step instruction on how to rename your LLC:
1. Determine whether the new name is available Make sure the new name is available and complies with state regulations before applying for a name change. Through the website of your state’s secretary of state, you can determine whether the name is available. The next step can be taken once you have verified that the name is accessible.
You must submit Articles of Amendment to the Secretary of State’s office in your state if you want to modify the name of your LLC. The new name of the LLC, the previous name, and the date of the name change are all contained in the Articles of Amendment, a legal document. A filing fee, which varies by state, will also need to be paid.
You must update your business name with the Internal Revenue Service (IRS) after altering the name of your LLC with the state. Form 8822-B, the Change of Address or Responsible Party – Business form, can be used to do this. This form refreshes your company’s data and notifies the IRS of the name change.
You must update your company name with other entities, such as banks, vendors, and clients, after changing your LLC’s name with the state and the IRS. By doing this, you may minimize confusion and make sure that the new name is reflected in all of your company’s records.
In terms of how long it takes to rename a business in California, the Secretary of State office normally processes name changes in 7 to 10 business days. However, the actual duration may change based on the office’s workload and the correctness of the given data.
Last but not least, you must pay the $800 California LLC charge within the first year of business. Even if you alter the name of your LLC in the first year, this cost still applies. Penalties and legal repercussions may follow from failure to pay this fee.
In conclusion, an LLC’s name change needs to be properly documented and filed. Before changing your name, make sure the new name is available and that you are following all applicable laws. To minimize confusion and guarantee accuracy in your business records, it’s also essential to update your company name with the IRS and other organizations.
A business company, such as an LLC, can make modifications to its articles of organization or articles of incorporation by filing an article amendment with the state government. This document enables the entity to alter its organizational structure, change its name, add or remove members, alter its purpose or line of business, and more. Depending on the state, filing an article amendment usually entails delivering the updated articles and filing fees to the state’s business division.