Guam Withdrawal of Assumed Name for Corporation is a legal process that allows a corporation operating under an assumed name in Guam to discontinue its use and revert to its original legal name. This withdrawal is mandatory when a corporation registered in Guam decides to cease doing business under the assumed name. To initiate the Guam Withdrawal of Assumed Name for Corporation, the corporation must file the necessary documents with the Guam Secretary of State or relevant government office. It is crucial to follow the correct procedure and complete all required forms accurately to ensure a seamless withdrawal process. The key keywords relevant to Guam Withdrawal of Assumed Name for Corporation include: 1. Guam Corporation: Refers to a legal entity incorporated under the laws of Guam and subject to its jurisdiction. 2. Assumed Name: Also known as a fictitious name, trade name, or doing business as (DBA) name, it is a name under which a corporation operates instead of its legal name. 3. Withdrawal: In the context of the assumed name, withdrawal refers to the act of discontinuing the use of the assumed name and reverting to the corporation's legal name. 4. Legal Process: Describes the necessary steps and procedures that a corporation must follow to complete the withdrawal of its assumed name. This may involve filing specific documents, paying applicable fees, and complying with state regulations. 5. Secretary of State: Refers to the government office responsible for maintaining corporate records and overseeing business registrations in Guam. It plays a significant role in accepting and processing the withdrawal application. Different types of Guam Withdrawal of Assumed Name for Corporation may exist based on specific scenarios or variations in the withdrawal process. These could include: 1. Voluntary Withdrawal: Occurs when a corporation proactively decides to cease operating under an assumed name and revert to its legal name. Usually, this withdrawal is initiated when there is a change in business focus or strategic rebranding. 2. Involuntary Withdrawal: Can happen if a corporation fails to comply with Guam's regulations regarding assumed names. This could result from non-payment of renewal fees, failure to update information, or violation of legal requirements. 3. Conversion Withdrawal: Pertains to the withdrawal of the assumed name when a corporation decides to convert its structure, such as changing from a corporation to a limited liability company (LLC) or vice versa. This withdrawal allows the corporation to continue operating under its legal name without the assumed name. Overall, the Guam Withdrawal of Assumed Name for Corporation serves as a formal procedure that allows corporations to transition smoothly from using an assumed name back to their original legal name. Understanding the requirements, proper filing procedures, and specific situations surrounding withdrawal is essential to navigate the process successfully.
Guam Withdrawal of Assumed Name for Corporation
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Hear this out loud PauseLICENSING A BUSINESS Licensing applications may be obtained from two locations, the Business License and Permit Center or the General Licensing and Registration Branch at the Department of Revenue and Taxation.
STEPS ON HOW TO START A CORPORATION IN GUAM STEP 1: CHOOSING A NAME. ... STEP 2: DIRECTORS, SHAREHOLDERS, AND OFFICERS. ... STEP 3: FILING YOUR ARTICLES. ... STEP 4: ORGANIZATION AND BYLAWS. ... STEP 5: GET A GUAM GENERAL BUSINESS LICENSE. ... STEP 6: GUAM MANAGING AGENT / GUAM REGISTERED AGENT. ... STEP 7: BUSINESS PRIVILEGE TAX REQUIREMENTS.
In order to establish a business entity on Guam, you must obtain a business license prior to starting business operations. Business entities other than sole proprietorships must also register the type of entity they will be operating under.
Businesses in Guam that regularly transact business in Guam under a name different from their legal name, must file a DBA.
An assumed business name, also called a DBA (doing business as) name, is used by an entity that is conducting business under a name that is not its legal name. Any business that uses an assumed name should take steps to comply with the assumed name statutes in the state(s) in which it does business.
Hear this out loud PauseDoes Florida require you to register a dba? In Florida, businesses must register a dba if they want to operate under a name different from the company's legal name title or owner name. This includes corporations, partnerships, LLCs, and sole proprietorships.
Hear this out loud PauseIf you have filed to become a corporation or LLC, you've already registered your business name and you don't need a DBA. However, you will need to get a DBA if you plan on conducting business using a name that's different than the name filed with your LLC/corporation paperwork.
