Tuesday, July 2, 2013

What Is Name Amendment?


Name Amendment reflects changes to the legal name of a corporation, LLC or any other legal entity. Companies are authorized and bound to do business using their legal names filed with the registering State. If a legal entity will be changing its name, for that change approval must be taken from the state before applying that change into the business.
If you decide to change any information listed on the original formation document for a corporation, LLC, you need to file an Article of Amendment. When the name of a corporation, Limited Liability Company (LLC), Limited Partnership (LP) or Limited Liability Partnership (LLP) changes, a name amendment may be required in states where your company conducts business.

What is an article of amendment? 


An article of amendment is a formal document that is filed with the state of registration when any corporation or Limited Liability Company or any other business entity wants to change its legal name.
When should I file article of amendment? 


If you have decided to change any information listed on the article of incorporation for a corporation, LLC or any other business type, you need to file an Article of Amendment. When the name of a corporation, Limited Liability Company (LLC), Limited Partnership (LP) or Limited Liability Partnership (LLP) changes, a name amendment may be required in states where your company conducts business.
How is a Corporation or LLC name changed? 


A corporation or LLC name is changed by filing an amendment to the Articles of Incorporation or Organization. The name change amendment may be adopted by the corporation's board of directors, unless its articles of incorporation require that the name change be adopted by the corporation's shareholders or by LLC's Members or Managers.
For example, name changes for a corporation may require consent of the company's board of directors, officers or its shareholders. The new company name must be available on the records of the state. If the name is not available, the state may reject the company's name amendment.
Can I check the availability of name? 

InfoTaxSquare.com will do preliminary search to check the availability of the name to avoid rejection before submitting the amendment to the state. You can also check the availability of name for FREE by using this link our Free Company Name Search.


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