What is Inc24 and related questions answered

What is inc24?

Using this form company can apply for permission of the Central Government. As per the provisions in Section 13 of the Companies Act of 2013, a company may change its name by simply passing a resolution in its general meeting.

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Starting a business may be exhilarating and difficult at the same time. Choosing a name is one of the most important steps in starting a new company. However, for a variety of reasons, business owners may occasionally need to modify their company name. This post will give an overview of Inc24 and address some of the often asked questions about altering a company name. What is Inc24, exactly? Online business formation services are offered to entrepreneurs by Inc24. The portal provides a range of services, such as company registration, business name search, and document filing. Additionally, Inc24 provides additional company services like virtual office services, tax preparation, and trademark registration. How long does it take the IRS to change a company name? A business owner can use Form SS-4 (Application for Employer Identification Number) to update their company name with the IRS if they need to. It normally takes 4-6 weeks to change a business’s name with the IRS. However, if a company owner already has an EIN (Employer Identification Number), they can easily seek to have the name listed on the EIN by writing to the IRS. Can I change the name of my company in DTI? The DTI (Department of Trade and Industry) may require a business owner having a Philippine address to modify their company name. A notarized affidavit of change of business name must be submitted in order to alter a business name with the DTI. A notice of the name change must also be published by the business owner in a newspaper with wide distribution. It may take the full process three to five working days. How can I update the name of my single-member LLC with the IRS?

A business owner can update the name of their single-member LLC with the IRS by submitting Form 8822-B (Change of Address or Responsible Party – Business). The form can be submitted electronically or via mail. Changes to a company’s name with the IRS normally take 4-6 weeks to complete.

Can I change my EIN information, then?

After obtaining their EIN from the IRS, business owners are unable to change the details online. They can, however, write to the IRS and ask for the EIN information to be changed. Additionally, a business owner can easily write to the IRS and request a modification if they need to modify the business name that is linked to their EIN.

In conclusion, Inc24 is an online platform that offers entrepreneurs help with business formation. While changing a business name with the DTI in the Philippines might take as little as 3-5 working days, doing so with the IRS normally takes 4-6 weeks. While changes to EIN information can be obtained by writing to the IRS, single-member LLC owners can update their business name with the IRS by filing Form 8822-B.

FAQ

Subsequently, does name change affect tax return?

Yes, a name change can have an impact on your tax return. To prevent any problems with your tax return, it’s vital to correct your name with the Social Security Administration (SSA) and the Internal Revenue Service (IRS). Refunds may be delayed or cause other problems if your name on your tax return does not match the name on record with the SSA and the IRS. To change your name, you might need to submit Form SS-5 to the SSA and Form 8822 to the IRS.