Can I change the name of my LLC in Colorado?
A11. No, Colorado statute does not allow a business to transfer its name or trade name(s) to another business. However, an entity can file the appropriate document to change its name or dissolve the entity, which will make the entity name available for filing.
How do I change my business name?
7 Steps to Changing Your Business Name
- Research the new name. Start by checking the U.S. Patent and Trademark Office. …
- Notify your secretary of state. …
- Change licenses and permits. …
- Notify the IRS. …
- Apply for a new EIN. …
- Update your business documents. …
- Communicate with your customers.
How do I change the name of my corporation in Colorado?
How do I change my organization’s name?
- Step 1: Check Your Bylaws. Be sure to check your nonprofit’s bylaws regarding changing your organization’s name and the process. …
- Step 2: Notify the Colorado Secretary of State. …
- Step 3: Notify the IRS. …
- Step 4: Announce Your Name Change.
How do I update my LLC in Colorado?
To amend your Articles of Organization for a Colorado LLC, you must file an Articles of Amendment form with the Colorado Department of State. You must also include a $25 filing fee.
Can I change my small business name?
Yes. To change the name of your LLC or corporation, you will need to file “Articles of Amendment” with your state. Once approved, you can start operating under the new name.
How do I reserve a business name in Colorado?
Registering a business name in Colorado is done when you form your business entity (LLC or corporation) with the state. You must first choose your business structure, then do a business name search to ensure name availability. Afterward, you must form your entity with your business name with the state.
How hard is it to change your business name?
Changing the name of your limited liability company (LLC) is not difficult. But you want to make sure you take all the necessary steps and do the required follow up work, like changing your bank accounts and business licenses and notifying the IRS and others of the change.
How long does it take for the IRS to process a business name change?
The IRS typically takes about six weeks to process a name-change letter. If you fail to provide the necessary details in your letter, the IRS may request for additional information, which may further delay the processing.
Can I change what my business does?
In most cases, you can change your business type. Consult your state and a small business lawyer to find out if you can change your business structure from the one you have to the one you want.
Do you have to include LLC in your business name?
You should always include “LLC” on all invoices, contracts, leases, legal records, tax returns, letterheads and other purposes. In most states, it is required to add “LLC” to your business name when forming your business, filing for an EIN or paying taxes.
Can an LLC have the same name as a corporation?
Can Two LLCs or Companies Have the Same Name? Yes, with some exceptions. When you’re forming a corporation or an LLC in a state, the name must be unique to your business within that state. Others can form LLCs and businesses in other states that have the same name as yours.
Can I sell my business name?
To clarify, this means unless the business name is protected under local, state, or federal law, a business owner has no authority to sell it and gain a financial profit. Prove the validity of the business name: In order to prove a name’s validity, there are many angles to consider.
How do I change my business name with the Colorado Department of Revenue?
If you are changing a corporate name, you must include the Amended Articles of Incorporation from the Secretary of State’s Office. DO NOT make changes to the name and address on your returns after you have notified the Department on the Address Change or Closure Form. The Department will send you new updated flats.
How do I change my LLC to an S Corp in Colorado?
In order to be taxed as an S corporation, the LLC must file Form 2553.
They can do the following:
- send the IRS a letter informing them of the structural change.
- choose to be an S corporation by filling out Form 2553.
- cancel the LLC while filing with the state for a new corporation.
How do I add another owner to my LLC in Colorado?
Colorado law requires a unanimous vote by all members to add a new member. Being the only member, have a meeting and vote to add the new person.