how to change your business name llc

Or maybe youd just prefer something else. When you formed your LLC, you filed articles of organization with the state. The directions for corporations. Making the change mostly involves filing paperwork with different agencies and notifying interested parties. If you use invoices, estimate forms, purchase orders or any type of form contract, make sure you change these forms to reflect your new business name. How to Change Registered Agent for an LLC, https://businessfilings.sc.gov/BusinessFiling/Home/DownloadForms?pdfCategoryId=9&category=, https://businessfilings.sc.gov/BusinessFiling/Home/DownloadForms?pdfCategoryId=2&category=. Use Kansas City if your LLC is located in: Connecticut, Delaware, District of Columbia, Georgia, Illinois, Indiana, Kentucky, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Vermont, Virginia, West Virginia, or Wisconsin. The statements and opinions are the expression of the author, not LegalZoom, and have not been evaluated by LegalZoom for accuracy, completeness, or changes in the law. Check name availability: Our LLC Name page has links to every states business entity search tool (and details about name rules). File Article of Amendment Join the family 1M+ . Only limited material is available in the selected language. Hire a company to form your LLC: Northwest ($39 + state fee) LegalZoom ($149 + state fee). If you want to change your company's name, address, or member information, you need to file an Amendment to your Articles of Organization. And contact your local government (like a city clerk or county clerk) for the process to update local business permits. Will they still change it? LLC Name Change Instructions for All 50 States Wait for approval We recommend hiring MyCompanyWorks ($99 + state fee) to file your LLC name change. Learn about the developments in UCC law that companies, financial institutions, and lawyers involved in secured transactions should be aware of. For instance, if you want to distinguish your LLC from another company with a similar name, you may be able to accomplish this by filing a doing business as (DBA) or trade name. from University of WisconsinMadison, and she lives in the Chicago area with her family. Below, you'll find the steps for how to change your LLC name so that you're up to date and in compliance. A corporation receives a new charter from the secretary of state. It's important that it accurately reflects the correct, up-to-date business information. LegalZoom provides access to independent attorneys and self-service tools. Lisa Crocco. You must file two copies of this application: the original and either a duplicate original or a conformed copy and include a self-addressed, stamped envelope to have a filed copy returned by mail. Give yourself a few days or a few weeks to get them all done. Maybe you know? This has all been a learning process. Most secretary of state websites have an online business name search tool you can use to see if the name you want is already taken. You operate multiple businesses. A trusted advisor who is familiar with trademark law can help you with that. Visit our global site, or select a location. Yes. Note: Weve changed the names of our own LLCs over the years. Another common reason for a name change is a brand refresh or a desire to attract a new generation of customers. The IRS is so big that they have their own zip code! Rob is an SMB writer and editor based in New Jersey. This compensation comes from two main sources. Furthermore, this comment section is provided so people can share their thoughts and experience. Once you receive back your approved Amendment from the Secretary of State, you need to update your businesss account with the states tax department. For example, the tag LLC must be at the end of the name and not be similar to other existing business names. Legally changing your LLCs name is as simple as filling out and filing a form. Getting a new EIN Number will actually cause confusion at the IRS, and that can create issues for your business. Planning to change the name of your business? Instead, you will simply change your LLC name with the IRS (see above for instructions). You decide that the first part of this process is to rename The Pizza Shack to Molto Bene Pizzaria. Why do I need to conduct a trademark search? You can either: Tip: This is a good opportunity to review the other sections in your Operating Agreement and make any needed updates there, too. Follow the chart below to determine who the authorized individual is to make the business name change for your type of business: Write to us at the address where you filed your return, informing the Internal Revenue Service (IRS) of the name change. To: Check off either the Kansas City, MO address or the Ogden, UT address. Yes, its a lot. There will also be a filing fee that must be paid when you submit the amendment. Changing the legal name of an LLC involves additional time, money and resources, so you should first consider whether there are other ways to achieve the desired outcome. You report income tax as a branch or division of a corporation or other entity, and the LLC has no employees or excise tax liability. A trust is created with funds from the estate (not simply a continuation of the estate). Confused by these terms? From name availability check to name registration and DBAs, CT experts can help you select, obtain, and protect the perfect name for your business. How Long Does It Take to Form an LLC in South Carolina? Before filing your Amendment, youll want to check that your new LLC name is available in your state. In order to change your LLC name with the IRS, youll need to mail them a letter and show proof of the state approving your LLC name change. Im happy to hear we can help :). LLC University is a Benefit Company. How you give notice will depend on how your LLC is taxed: If you're only changing your name, you won't need to apply for a new employer identification number (EIN). You may opt-out by. Hope that helps :). Have the LLC Member(s) sign, and distribute copies like you did with your initial LLC Operating Agreement. Considering an LLC for your business? Once your new name is approved by the state, you'll need to notify the IRS of the change. All content is available on the global site. Also do a quick search of business registries, social media sites, and domain names. You'll have to obtain the consent of your LLC owners to change your name. Average response time and quality of support, Cost-effectiveness of the pricing in relation to the comprehensiveness of the package and document quality, Aability to personalize LLC formation documents or package to meet specific needs, Efficiency of processing and filing LLC formation documents for timely completion, 3 Steps To Change An LLC Name In South Carolina, 3. What are the steps for changing an LLC name? Not sure which entity type is right for you? Learn the steps you'll need to take in order to change your LLC's name, including filing articles of amendment, notifying the IRS, and updating legal documents. Technically, your old business name will still work for quite some time. It also involves updating your website, replacing marketing materials and company swag, updating company signage, notifying the public of the name change and notifying customers, clients, suppliers and vendors of the name change. guide breaks down your options for changing your companys name. Yes. The name you choose for your business is significant. It defines your brand and differentiates your company from the competition. 2023 Wolters Kluwer N.V. and/or its subsidiaries. Here is the IRS reference link for your info: https://www.irs.gov/businesses/small-businesses-self-employed/responsible-parties-and-nominees, Hi Matt, I would like to ask a question. business that makes the world a better place. You can apply to reserve the exclusive use of a limited liability company name for a non-renewable 120-day period once you pay a filing fee of $25 to the South Carolina Secretary of State [1]. Heres an LLC name change checklist that you can use: Google Docs | Excel. Best Credit Cards for International Travel. You change the name of your business. After all, your business name reflects your business's identity. If a single member LLC has been filing and paying employment taxes under the name and EIN of the owner, and no EIN was previously assigned to the LLC, a new EIN will be required for wages paid on or after January 1, 2009. The attorney listings on this site are paid attorney advertising. On-demand recording of a live webinar event hosted by American Banker, focused on helping banks to identify opportunities to improve lending operational efficiency and decision-making. An LLC with 2 or more Members is, by default, taxed like a Partnership. Besides making sure your name is marketable, you'll want to make sure it's available for you to use. Note: In most states, its called the Department of Revenue or Department of Taxation. See all articles by Nellie Akalp. Step 1 - Create a Login and Request Access. In order to change your LLC name in most states, youll file an Amendment (often called Certificate of Amendment or Articles of Amendment) with the Secretary of State or similar agency. Can You Have Multiple Businesses Under One LLC? No, you dont need to hire a lawyer. Whether you run a sole proprietorship, partnership, LLC, or a corporation, our detailed step-by-step [+] guide breaks down your options for changing your companys name. Youwill notbe required to obtain a new EIN for a corporate name or location change. Make sure the proper individual has signed the form. They are very wrong. After you file that Amendment and it's approved, you can use the instructions on this page to update the IRS. Did you receive correspondence back from the IRS? Yes. 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If you filed online, check your email for an approval confirmation. How Long Can I Reserve My LLC Name in South Carolina? Canceling the existing DBA and filing for a new one. No state law limits when you can file an Amendment to change the name of a company. Past performance is not indicative of future results. Absolutely! Your existing checks and credit cards will still work, but its important to eventually get everything updated to your new LLC name. He has partnered with several LLCs and Registered Agent services, helping clients achieve their desired results, after acquiring a degree in business management and various certifications. Are you sure you want to rest your choices? Mail Stop 6055 S-2 Kansas City, MO 64108, P.S. The specific action required may vary depending on the type of business. 2023 Forbes Media LLC. You can easily change your LLC name. Amendment to the Articles of Organization (Form LLC-2). I sent in a letter that I drafted that included this but I did not include my letter from the state showing the name change I just referenced the SOS filing number in the letter along with the prior name and EIN. If, after reading the information below, you find that you need an EIN, please see How to Apply for an EIN. Checking with the county, city, or local government office to find out if they require updating existing business licenses and permits with the new name, or canceling the current licenses and getting new ones under the new business name. Top LLC Formation Service in South Carolina. Your first order of business is to choose a new business name. They also limit the use of names that are deceptively similar to an existing name. As your small business grows, you may want to change from a sole proprietorship to a limited liability company (LLC). Create a spreadsheet and take it slow. In some states, the information on this website may be considered a lawyer referral service. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); We teach people how to form LLCs in all 50 states. Once you have filled out the appropriate form, you must submit it to the state, together with any required filing fee. Member-Managed LLC vs. Manager-Managed LLC, state Department of Revenue (or equivalent agency), local tax office (city, county, township), website, domain registrar, hosting company, letterhead, logos, invoices, contracts, and important documents. You can send this to the same address where you file your tax return. Here are the steps to take to change an LLC name: Find out if your new name is available Before attempting an LLC name change, it's wise to make sure the name is available in your state. The Copyright 2023 MH Sub I, LLC dba Nolo Self-help services may not be permitted in all states. After the state approves your LLC name change, you should then notify the following 3 places: And finally, you can update your LLC name in other places like your website and marketing materials. Like everything else in the world, business names sometimes need to change. If youre a non-US resident/citizen and you own a U.S. LLC, it depends on how many LLC Members there are. The state doesnt care, as long as you pay the filing fee. For wages paid on or after January 1, 2009, single member/single owner LLCs that have not elected to be treated as corporations may be required to change the way they report and pay federal employment taxes and wage payments and certain federal excise taxes. You'll also need to change your marketing and branded materials like your website, social media, and signage. You change your location and/or add other locations. Before that, he worked at PCMag as a business analyst. The suspended/forfeited business entity must change its name, obtain a release of name reservation from the party who has reserved the name, or convince the . Well, it is a good thing to have LLC at the end of your name for a couple of reasons: It shows that you are a real company registered with the secretary of state, and it announces that your personal assets are protected if someone wants to sue your company. How to change your LLC name with the IRS will depend on how your LLC is taxed. Instead of changing your business's legal name, you can file for a fictitious namealso known as a "doing business as" (DBA). So we have first-hand experience with filing the paperwork as well as dealing with the IRS and financial institutions. . Tip: If your LLC has 1 Member, make sure you read about the Form 5472 requirement for foreign-owned Single-Member LLCs. However, what if you don't like the look of Lisa's Custom Creations, LLC? money on taxes as your business grows. You do not need to get a new EIN, but you will need to change the name on your tax return to alert the IRS of this new information. Heres everything you need to know about the process. Tip: We recommend making a spreadsheet to keep track of everything. If you're familiar with performing name searches and filing amendments, you can likely do the work yourself. Your legal business name is the official name of your business for tax and other legal purposes. Don't forget all the other places where your business name appears like your: You'll need to change all of these to reflect your new business name. . Check out LLC Member vs Manager. This is called LLC name distinguishability. Once you receive back your approved Amendment from the Secretary of State, the next step is to update your LLC name with the Internal Revenue Service. Since I am learning I already went ahead and informed the IRS of the name change but I only attached the amendment approval form. This is the case in Arizona, Nebraska, and New York. The cost to change your business name varies from state to state. any other important contracts or documents. Here is what page 1 will look like: You can contact the IRS at 800-829-4933. This is a BETA experience. How to file a Certificate of Amendment in Pennsylvania. Sole Proprietorship, 30 Profitable Food Truck Ideas for the Bootstrapped Entrepreneur. Trusted clinical technology and evidence-based solutions that drive effective decision-making and outcomes across healthcare. Need a Physical Address for Your Business? If you are filing a current year Form 1065, mark the appropriate name change box on the form: Page 1, Line G, Box 3. Doing business as (DBA): The "AKA" for your business, 7 questions to ask when starting a business, Choosing the best time to open or close a business. In a Multi-Member LLC (when dealing with the IRS), youd use the term Partner. In addition to searching your state corporate database, you should look at federal trademark registrations on the United States Patent and Trademark Office website. Essentially, youve only changed your LLC name with one part of the state government, and you need to update it everywhere else. I reached out the customer service number mentioned in the article and learnt that the address is changed and the mail route is taking time. Depending on the entity type, the process for changing a business name varies. May 06, 2022 by Then enter your name, title (use owner), and telephone number. How do I fill out the Certificate of Amendment form? This officially updates the legal entity (the Limited Liability Company) on state records. Please change your search terms and try again. You can file the Certificate of Amendment yourself or you can hire a company to do it for you. When approved, it means your company will operate under its new name. 1. Once you choose your business name, do you have to add "LLC" to the end of it? For information, visit the Legal Structure section of this website. Keep the original name as the registered business name and file a DBA for the new name. But before you embark on a name change, be sure it makes good business sense. Do You Need Help Changing Your South Carolina LLC Name? Corporation, Big You might be using an unsupported or outdated browser. Its a good idea to update the name on your LLCs Operating Agreement. 301.6109-1). Opinions expressed by Forbes Contributors are their own. Note: Remember to include a copy of your state-approved LLC Amendment showing the new LLC name. If you currently have aLimited Liability Company (LLC)and want to change the LLC's name (or any other information that was part of the original filing such as address or members), a Certificate of Amendment must be filed with the form provided by your secretary of state. https://www.irs.gov/pub/irs-pdf/p1635.pdf https://www.irs.gov/businesses/business-name-change. In this simple guide, well discuss why, when, and how to change an LLC name. You can file a South Carolina Amendment Certificate to Articles of Organization by paying a filing fee of $110 to the South Carolina Secretary of State [2]. Otherwise, I may have dropped money on a lawyer to get it done. For example, your operating agreement might say that approval of two-thirds of the LLC members is required to change the LLC's name. What To Do After You Change Your South Carolina LLC Name? Need to save time? Our solutions for regulated financial departments and institutions help customers meet their obligations to external regulators. Specialized in clinical effectiveness, learning, research and safety. Operating as either of these entities means you have not set up an official business structure with the state. Page Last Reviewed or Updated: 17-Mar-2023, Request for Taxpayer Identification Number (TIN) and Certification, Employers engaged in a trade or business who pay compensation, About Publication 15, (Circular E), Employer's Tax Guide, About Publication 15-A, Employer's Supplemental Tax Guide, (Supplement to Pub. Using the United States Patent and Trademark Offices online database can help detect any potential conflicts. A corporation chooses to be taxed as an S corporation. Should I send something in or just wait for the response or what? It doesnt have to match your existing IRS or state records. In addition to state business entity law naming rules, you will need to verify that your new business name does not infringe on another business trademark rights. If the disregarded entity is owned by any other entity, it is treated as a branch or division of its owner. We understand that it can be intimidating to file legal paperwork which is why Incfile has legal experts who are ready to help youfile your amendment. Although changing the name of your business does not require you to obtain a new EIN, you may wish to visit the Business Name Change page to find out what actions are required if you change the name of your business. Hi Michele, apologies for the slow reply. Business & Money. If your LLC is Member-managed, any Member can sign. The new regulations state that the LLC, not its single owner, will be responsible for filing and paying all employment taxes on wages paid on or after January 1, 2009. If your LLCs name isnt working anymore, you can change it in a few easy steps. Maybe it doesnt reflect your current business or branding strategy. Changing the legal name of your business entity takes time and money, so it helps to consider all of your options. They wrote: We recived form 8822B requesting a new responsibility party. Contacting your bank to find out if you must open a new business bank account for the new name, or if you can change the name on the existing account. Follow simple steps, meet requirements and update your business identity easily. Youre so welcome! Our table of state-specific links on this page has the current filing fees. I recived approval from IRS as an answer to the form 8822B. This portion of the site is for informational purposes only. You might have to cycle through a few name options before you find one that works and is available to use. A corporation receives a new charter from the secretary of state. Search other databases. How Do You Obtain Free Business Address for Your LLC? The notification must be signed by a partner of the business. The name you choose for your business is significant. 1.) Whether filing Articles of Amendment to change a business name or creating a DBA, it's critical to check that the desired new name isnt already claimed legally by another business. Click on the appropriate link and type in your topic ("LLC name change form") to find what you're looking for. In most states, you can conduct an LLC name search online at the website of the secretary of state or other business filing agency. Reminder: Changing your LLC name with the Secretary of State still leaves your old LLC name in place everywhere else. There are several reasons why you may wish to change your companys name. The most difficult and time-consuming part of an LLC name change is altering your LLCs name on all your business accounts, contracts and marketing materials. Our page will guide you through the process and include helpful tips along the way. You change the location of the partnership or add other locations. If your LLC or corporation name will be used as a trademark you may want to protect its rights too. The specific action required may vary depending on the type of business. You file any of the following tax returns: Employment, Excise or Alcohol, Tobacco and Firearms. They also demonstrate consent from essential members of your company, if director, shareholder, or officer ratification is required. Use of our products and services are governed by our Terms of Use and Privacy Policy. That might mean changing signage, brochures, forms, your website, business cards and stationeryanything that still uses your old name. A new LLC with more than one owner (Multi-member LLC) is formed under state law. This involves contacting the government authority that approves and registers DBAs, or you might consider using an online legal business document filing service to handle the details for you. She's written for outlets like USA Today College, Career Contessa, CloudPeeps and Fairygodboss. These factors may have caused you to choose one name for your business in the beginning, but now the original name may not really fit your image or what you have to offer anymore. Youll need to change your LLC name on your business bank account and order new checks and credit cards. You will not be required to obtain a new EIN if any of the following statements are true. Enabling organizations to ensure adherence with ever-changing regulatory obligations, manage risk, increase efficiency, and produce better business outcomes. Check your LLC operating agreement to see how your LLC decides important matters. This is how you officially change your LLC name. Hi Blake, apologies for the slow reply. 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