New York Withdrawal of Assumed Name for Corporation is a legal process that allows a corporation to terminate or cancel a previously registered assumed name. Also known as a "corporate withdrawal," this procedure ensures that the corporation is no longer using the assumed name for its business operations. To initiate the New York Withdrawal of Assumed Name for Corporation, the corporation must file a formal application with the appropriate state agency, usually the New York Department of State, Division of Corporations. This application must include specific information such as the corporation's name, business address, and the assumed name that is being withdrawn. It is essential to provide accurate details to avoid any delays or complications during the withdrawal process. In New York, there are several types of Withdrawal of Assumed Name for Corporation, each catering to different circumstances: 1. Voluntary Withdrawal: This type of withdrawal takes place when a corporation willingly decides to discontinue the use of an assumed name. It can occur due to a change in the corporation's business strategy or a rebranding initiative. 2. Involuntary Withdrawal: In some situations, a corporation may be required to withdraw its assumed name due to legal reasons. For example, if another entity claims ownership over the assumed name and successfully proves it in a court of law, the corporation may be compelled to withdraw and cease using the name. 3. Dissolution Withdrawal: This type of withdrawal occurs when a corporation ceases all of its business activities and dissolves itself. Once the dissolution process is complete, the assumed name is automatically withdrawn. It is important to note that the New York Withdrawal of Assumed Name for Corporation does not dissolve or close the corporation itself. It solely focuses on the termination of the assumed name. If a corporation wants to dissolve entirely, it must follow a separate process as outlined by the New York State laws. Furthermore, upon successful withdrawal of the assumed name, the corporation must notify all relevant parties, including clients, customers, vendors, and creditors, about the change. This may involve updating marketing materials, legal documents, and contracts. In summary, the New York Withdrawal of Assumed Name for Corporation is a legal procedure that allows a corporation to terminate the use of an assumed name. It involves filing an application with the appropriate state agency, providing necessary details, and notifying relevant parties. Different types of withdrawals include voluntary, involuntary, and dissolution withdrawals, each corresponding to specific circumstances.
New York Withdrawal of Assumed Name for Corporation
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Definitions of assumed name. a name that has been assumed temporarily. synonyms: alias, false name. type of: name. a language unit by which a person or thing is known.
In Texas, we generally refer to DBA registration as filing an Assumed Name Certificate. Any type of entity structure can file an Assumed Name, whether you are operating as a sole proprietor, a partnership, a corporation, or an LLC.
You may fax the Certificate of Assumed Name with the Credit Card/Debit Card Authorization Form and your written request for a certified copy, if requested, to the Division of Corporations at (518) 474-1418.
How Do I Change My DBA in New York? To make changes to your certificate of assumed name, you must complete and submit the Certificate of Amendment of Certificate of Assumed Name form. For most changes, visit the County Clerk's office to complete an amendment form and pay a filing fee.
A DBA is discontinued when the individual or partners cease to conduct business. There is no fee involved in filing a discontinuance, but the form must be purchased and completed by the filer. In the case of a partnership, a majority of those listed must sign the document.
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.
For example, business owner John Smith might file the Doing Business As name "Smith Roofing." Corporations and limited liability companies (LLCs) may register DBA names for specific lines of business. For example, Helen's Food Service Inc. might register the DBA "Helen's Catering."
States require filing fictitious business names because they help inform the public about who actually owns the company. A fictitious name filing puts a business's name and its owner's identity on public record.
