If you are planning to change the name of your business in North Carolina, then it is important to follow all the legal procedures. Changing the business name requires several steps and paperwork to be completed. In this guide, we will provide you a detailed guide on how to change business name in north carolina.
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Step 1: Check the availability of the new business name
Before you begin the process of changing your business name, you need to make sure the new name you have chosen is available. To do this, you should search the North Carolina Secretary of State's online database. This can easily be done by visiting the SOS website and submitting a Name Availability Inquiry Form.
The Name Availability Inquiry Form will allow you to check if the new business name is available for use. You can complete the form online, and it will be processed within five business days.
Step 2: File Articles of Amendment
Once you have verified the availability of the new business name, you need to file Articles of Amendment with the Secretary of State's Office. The filing fee for Articles of Amendment is $50. You can submit the form online or mail it along with a check for the filing fee to the Secretary of State's Office.
You will need to include your current business name, the new business name, and the reason for the name change on the form. It is important to ensure that the information you provide on the form is accurate and matches the information on file with the Secretary of State's Office.
Step 3: Update all state and federal agencies
After you have filed the Articles of Amendment and received approval, you will need to update all state and federal agencies of the name change. Some agencies that need to be notified include:
- North Carolina Department of Revenue
- Internal Revenue Service (IRS)
- North Carolina Division of Employment Security
- North Carolina Department of Insurance
You should also notify any other agencies or organizations that you work with regularly, such as suppliers or vendors.
Step 4: Update contracts, agreements, and licenses
Finally, you will need to update all contracts, agreements, and licenses with the new business name. This includes updates to your website, social media pages, and marketing materials. You will also need to order new business cards, office stationary, and any other printed materials.
It is important to ensure that all contracts and agreements are updated to reflect the new business name. Failure to do so could result in confusion, missed payments, and other legal issues.
Conclusion
Changing the name of your business in North Carolina requires proper completion of all legal formalities. By following these steps, you can ensure that the change is made legally and efficiently. Once all the paperwork and updates are done, you will be able to operate your business under the new name.
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