What Are The Problems Of Renaming An LLC

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What Are The Problems Of Renaming An LLC
What Are The Problems Of Renaming An LLC

Video: What Are The Problems Of Renaming An LLC

Video: What Are The Problems Of Renaming An LLC
Video: 8 Stupid Mistakes in Your LLC Operating Agreement 2024, November
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In business practice, there are many cases when companies change their name. This can happen due to reorganization or due to other reasons. For a limited liability company, a change in name entails the re-registration of a number of documents.

Renaming LLC: what you need to know
Renaming LLC: what you need to know

Instructions

Step 1

The renaming of a limited liability company requires amending the charter by presenting it in a new edition. To do this, it is necessary to convene a general meeting of participants and draw up an appropriate decision in the minutes. The new edition of the charter is subject to state registration with the tax authority. After that, you need to make a new seal. Further, the statistics agency, the pension fund and other state bodies where the company is registered and / or where it submits reports should be notified about the renaming of the company. If an enterprise that has received a new name is a member of other business entities, it is also mandatory for them to amend the constituent documents.

Step 2

When changing the name of the LLC, it will be necessary to reissue licenses and other permits issued to the company. The same applies to powers of attorney to represent the interests of the company. If a limited liability company owns objects of intellectual property (trademark, trademark, patent, etc.), the corresponding rights to them should be re-registered.

Step 3

The rights to immovable and movable property registered by the enterprise in state registers are also subject to re-registration. Changing the name of an LLC entails the re-issuance of bank accounts, corporate payment cards, checkbooks, etc.

Step 4

The new name of a limited liability company requires a revision of all previously concluded contracts. It is necessary to draw up additions to them, in which the preamble of the contract and the details of the parties should be stated in a new edition. If changes are made to contracts that have been notarized, the corresponding additional agreements are drawn up in the same way. In the case when the LLC works with counterparties without contracts, it is necessary to notify them in writing about the name change.

Step 5

If an enterprise is a party to ongoing litigation, the courts should be notified of the change in name. This is done by filing an application with a request to recognize an LLC with a new name as a procedural successor.

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