An LLC can change its entity name if the business changes focus after expanding into new markets. Legal Issues. Another reason to change the name of your limited liability company as an entrepreneur is if the company’s trademark infringes on another organization.
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Check Name Availability
- Before attempting an LLC name change, it’s wise to make sure the name is available in your state.
- In most states, you can conduct an LLC name search online at the website of the secretary of state or other business filing agency.
- You’ll need to choose a name that is different than any other corporation or LLC names in your state.
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Approve Name Change Resolution
- Your LLC’s owners, or members, should formally approve the name change.
- Write up a resolution approving the name change and keep it with your LLC’s official records.
- In order to change your LLC name, you must file a Certificate of Amendment with the Secretary of State. This officially updates the legal entity on state records.
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Reasons to Change LLC Name
- Simplification.
- Globalization.
- Personal or Owner’s Name.
- Submit a name change with the Secretary of State’s office.
- File updated Articles of Organization with the Secretary of State’s office.
- Ownership should weigh pros and cons.
- Build a branding strategy.
- Get permission from LLC members.
- File Articles of Amendment.
- Notify all relevant parties.
- Update operating agreements and licenses.
- Notify IRS and other key parties.
- Reasons for change.
- Duration of the process.
- Issues if website and stationery not updated.