If you’re considering changing your company name in Illinois, you might be concerned about the associated costs. The good news is that changing your company name in Illinois is not too expensive. In actuality, a business name change only costs $25 to file.
You must submit a document called an Application for Admission to Transact Business Under Assumed Name in Illinois if you want to change the name of your company. On the website of the Illinois Secretary of State, this form can be obtained. When the form is finished, you must submit it to the Secretary of State’s office along with the $25 filing fee.
It’s crucial to understand that altering your company name will have no impact on any current contracts or legal obligations. Any contracts entered into under your previous business name must still be honored. Additionally, you must change the name of your company on all of your paperwork, including your bank accounts, tax returns, and business license.
Let’s move on to the questions that are connected now. I need to update my residence. Can I call the IRS? You can, indeed. In reality, you can contact the IRS to alter your address by dialing 1-800-829-1040, which is their toll-free number. Just be ready to give certain personal details, including your social security number, birthdate, and former residence.
Why did USPS want to change my address for $40? To ensure your identification and stop fraud, the USPS charges a fee when you change your address. Additionally, part of the $40 fee goes toward the expenses of handling your change of address request and rerouting your mail to your new location.
Can mail from a business address be forwarded? You can, indeed. To have your mail forwarded to your new address if your company is moving to a new address, submit a change of address form to the USPS. Just make sure to inform all of your suppliers and clients of the most recent address for your company to prevent any misunderstandings or lost messages.
Finally, changing your company name in Illinois is a rather easy and affordable process. By phoning the IRS’s toll-free number, you can update your address with them if you need to. To stop fraud and offset administrative costs, the USPS levies a fee when you change your address. And finally, by submitting a change of address form to the USPS, you can forward mail from a business address.