Colorado Notice of Transfer of Reserved Corporate Name
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How to fill out Notice Of Transfer Of Reserved Corporate Name?
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FAQ
If you want to update your business name or certain other information on your Colorado LLC's Articles of Organization, you can do that by filing Articles of Amendment with the Colorado Secretary of State. Filing Articles of Amendment only costs $25, but it won't allow you to change all your LLC's information.
How long will the entire application for change of name take? Name change actions can take anywhere from a day to six (6) months (sometimes even longer). The time it takes for such action to be ordered/decreed varies not only from county to county, but sometimes from courthouse to courthouse as well.
A statement is required that the person stated as the applicant is applying to reserve, for a 120 day period, the name stated for use as an entity name. Trademarks and trade names should not be reserved. Provide either the name of the individual or the name of the business organization reserving the name.
Filing Articles of Amendment is the only way to notify the state of your desire to change the legal name of your business. They also demonstrate consent from essential members of your company, if director, shareholder, or officer ratification is required.
A10. Yes, you should include the appropriate term or abbreviation when reserving a name. Depending on how the business is structured, specific terms and abbreviations may be required in the name (LLC, Inc, etc.), so you should determine your business structure before reserving a name.
The business owner(s) must submit the Report of Changes Application, along with: a copy of the new Trade Name Colorado Secretary of State Registration, or a. copy of the Change of Trade Name or Amended form filed with the Colorado Secretary of State.
Your ownership transfer will need to be approved either by your board of directors or your shareholders, depending on the laws of your state and your own corporate policies. You should also hire an attorney and/or an accountant to advise you on the legal and tax implications of this transfer of ownership.
Transfer of Ownership Transferring ownership of a business involves filing the appropriate paperwork with the Colorado Secretary of State. Depending on the business's structure, this could include filing Articles of Amendment, a Statement of Change, or other documents.
