If you have been operating your business under the same name for a while and feel that it no longer aligns with your brand vision or experience changes in your business model or ownership structure, then it may be time to change your business name. Changing your business name can be a difficult process but having a step-by-step process can help you make a seamless change with the relevant state laws. In this article, we will highlight the steps to changing a business name in Kentucky.
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Kentucky Business Name Requirements
Before starting the process of changing a business name, business must ensure that their new name complies with Kentucky business naming guidelines. Naming laws in Kentucky established under statute KRS Chapter 366 outlines the following filing regulations for business names:
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1. The business name must be distinct and distinguishable from any other existing business name that has the same organizational structure of your own.
2. The business name must end with one of the following terminologies:
* Corporation - for corporations
* Incorporated - for non-profit corporations or professional corporations
* Company or limited - for companies or limited liability companies
* Partnership - for partnerships such as general partnership, limited partnership, and limited liability Companies
* Cooperative - for Cooperatives
Since the formation of Corporations or Limited Liability Companies in Kentucky is administered through the Office of the Secretary of State, business owners seeking to operate cannot reserve a filing name or carry out business under another business entity’s name without respective documentation and can only file/document under one name at one filing time unless granted a Continuation.
Steps to Chanting a Business Name in Kentucky
To begin a business name change in Kentucky, a Company’s Articles of Incorporation or Organization filing or partnership may need to undergo amendment. To carry out the amendment activities, business owners are required to take the following steps:
1. Conduct a Business Entity Status Search and Name Availability:
Business owners seeking to change their business name must be undertaking a status search on Business Name Availability and Guidelines from the Kentucky trademark authority. You can access this through the Kentucky secretary of state by visiting their website. Business owners can conduct a broad name availability search at no cost, which gives comprehensive results from various statement databases.
2. Change of Name Request:
After conducting a name availability check, business names must now file documentation requesting the change on a customer-provided paper application or dynamically move through Kentucky’s one-stop business portal arrangement for Business Filings. The candidate also sends affirmation by confirming enhancements that must be managed a delineation or submission of. Depending on the specific business formation type, if the required proceedings activities, both KY forms “Articles of Amendment” and lesser-stamp duty payments related to their registering officer.
3. Re-file and Replace articles of Amendment
As part of the Articles of Amendment Necessary as the alteration or amendment of its organizational identifications necessitating to register the name change. Business owners here should file Record forms RA-100 and file amidst submission limits three upgrades of the limitation of voluntary submissions. Afterward, Contact info may hone updated such that clientele, vendors, or companies can still partner up with a company under its former name.
4. Check All Legal Documents, Tax Forms, and Branding Materials for the Company’s Name Change
After the state declares the renaming of all LLC certificates, records, or article retrieval requests owner(s), Executive offices responsible for better offerings issuance (Sales, HR, customer Communications personnel), account contacts segments, profession services contacts may consider replacing any communication agencies accountable for the phase “doing show job under the restrictions stipulated helping compliance.
Changing your business name can be a high-pressured task that risks previous approved deals. Verifying that the right pieces are in place to avoid compliance related problems will help a business function effortlessly.
Conclusion
Changing a business name can be a difficult process. Breaking it down into comprehensive all-around tasks can help make the whole switching of the business name saner and easier. It is essential to recognize all official or legal devices (Commercial, taxes), and manage updates and edit tasks to those in the outside ecosystem so that complying with federal policies can continue. Once an individual agrees .with applicable guidelines, they can complete their documentation and submit, knowing that they have indeed changed their business name eventually. Now businesses can switch doors successfully with a slight change in name under theirs. Kentucky state requirements are mandatory at all intervening steps, such as forming and maintaining licensed and legally protected business corporatives, LLCs, bureaus, and other business entities required to complete their charge.
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