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Why Do You Need LLC Corporation Amendments?

Setting up a business in America is not difficult as many businessmen are showing wings to their dreams. Yet, for a starter, it is like piercing State rules which are quite complex and challenging. Passing through the rules one by one is like crossing many different barricades. In fact, even if you are running your own business, you must notify any changes you have made in the business to the Secretary of State. It is known as Articles of Amendment or you can also call it Certificate of Amendment (For LLC).

The Llc Corporation Amendments are required if you have decided to change your company name for many reasons like you are not satisfied with your previous business name or your present name was not appropriate for your business theme. Often people think that getting the LLC corporation amendments is time-consuming and costly, but it is not so. Though it does require necessary paperwork and the filing process. The incorporation that is included in the certificate though varies from state to state, but typically it also includes the corporate name as initially filed with the state.

Also, if the company does its business in other states as a Foreign Entity, with a new name, it should file Articles of Amendment in each of those states. Companies are also bound to do the business by only using their legal names that are filed with the registering state. While changes its name, company must get an approval from the state.According to the State’s rules, the new name should be available for registration. If the name is not available, the state might reject the name amendment. So it is always best to have a preliminary search to check if the name is available. It would prevent rejection.

Whenever you go for filing the Article of Amendment for the name change, your Federal Tax ID (EIN) or any federal, state or local license that is linked with your previous company would remain the same. Therefore you also need to notify about the name change to the Internal Revenue Service (IRS) and other state agencies. The articles of the amendment also allow you to make the amendment on each and every article that is included in your Articles of Organization or incorporation. As per the type of company and state formation, you can easily make an amendment to the articles listing, name and addresses of owners and other corporate officers. The amendment is also required if there is a change in the current business address, the name of the registered agent, or if there is a change in the management structure like a change from the member management to the manager managed. Other persons, also whosoever are involved in running the company can make necessary amendments.

However, you should keep in mind that by changing in ownership or management of a company is also a complex process which is not limited to just amending the articles with the state. And you also need to know when an amendment is not required. There are many situations in which it might seem like an amendment, in fact, you do not require the one. For instance, of an LLC member dies, you can change the ownership share to whoever they mention in their will, and if there is no will, then the next of kin. And if there is any limitations or prohibitions in such a transfer, the share will be handled as per the operating agreement.

To apply for LLC Corporation Amendments is also not difficult; you can do so online through Fastincnow. Fill the simple and get going.



This post first appeared on Why Your Business Need A Registered Agent?, please read the originial post: here

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Why Do You Need LLC Corporation Amendments?

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