Changing Business Name Process
By filing a document called “Articles of Amendment,” an LLC or corporation can request to change the name of the business. When approved, it means your company will operate under its new name. Generally, applying for a new EIN won’t be necessary when changing a business name, but it’s best to check to make sure.
According to Alexandra Watkins, founder of Eat My Words, a company that creates business names ideas for clients, you should not name your business after yourself. They just aren’t memorable, imaginative names. Can an LLC have two owners? The most popular types of two-members LLCs are businesses run by a husband and wife or businesses with friends as partners.
If your business name or address changes, you must report the change(s) within 90 days of the change. Complete and submit an Application to Change Business Name or Address. The application must be signed by an owner, partner, or officer of the corporation.
Steps to Change Business Name
What to do if you want to change your business name? Start by checking the U.S. Patent and Trademark Office. Is it difficult to change a business name? Changing a business name may sound intimidating. However, the process shares more similarities with naming a small business than one might think.
Are you are ready to change a business name? Complete these steps to make the name change: Understand Why You Are Changing Your Business Name. Naming a small business is a thoughtful process. It takes time and research to complete. Can a sole proprietorship file for a fictitious business name?
Renaming Company Name Process
How do I rename a company name? Procedure for Private Limited Company Name Change: Board Resolution. Check Company Name Availability. Pass Special Resolution for Company Name Change. Application for approval of Company Name Change. Issuance of New Certificate of Incorporation.
Renaming Business Considerations
Changing the name of your business is a big step that shouldn’t be taken lightly. You’ll need to consider all the legal requirements for making such a change and informing your customers about it. FAQs in Relation to How to Change Name of Business: How much does it cost to rename a business? Do I need a new EIN if I change the name of my company?
How do you successfully rename a business? After all, you’ve already spent time building up one name in the public eye, so there can be a real risk in changing gears. We’ll look at when to change the business name, what paperwork you’ll need, how much it costs, and who can help you file.
Tips for Changing Business Name
A tip when you change company name and branding – file what is known as a DBA, or “doing business as” name. You can maintain your original business name that is registered with the state but submit a DBA for the new name with the local county or state office.
The name of your business is meant to be unique and differentiate you from your competitors. If you are changing the name of your business, you’ll need to be confident that this change benefits the company and its customer base in the long run.
Renaming Business Impact
A company’s name is one of the most important aspects of a business as it helps to cast the first impression on the minds of the customers. That is why it is imperative to put a lot of thought into choosing your company’s name and position it in the right way. You can also target the right kind of audience with the name you choose.
Additional Information
To learn more about how to register and protect your business name properly, check out What Small Businesses Need to Know about Trademarks. And, if you happen to find that you don’t have the first and only claim to your business name, it’s time to consider a new one.
FAQs about Business Name Change
How Long Does It Take to Change a Business Name? The IRS typically takes about two months to register a business name change.
And, what are examples of companies that successfully renamed? In this guide, I’m going to answer these questions, provide real examples, and explain how to change business names and propel your company to a new level. Why rename a business? Each company has its own reasons for changing business names. The motivation varies as does the level of urgency.