A New York Affidavit of Name Change (Of Corporation) is a legal document used to officially change the name of a corporation registered in the state of New York. This affidavit is especially crucial when a corporation decides to amend its official name for various reasons, such as rebranding, mergers, acquisitions, or business strategy changes. By filing this affidavit, the corporation ensures that its new name is recognized by the state and that all legal rights and obligations associated with the corporation remain intact. Types of New York Affidavit of Name Change (Of Corporation): 1. Voluntary Name Change: This type of name change occurs when a corporation willingly decides to modify its existing name. It could be due to a change in business focus, market positioning, or corporate identity. By submitting a New York Affidavit of Name Change, the corporation notifies the state and its stakeholders about the alteration in its official name. 2. Reactive Name Change: This category applies when a corporation is compelled to change its name in response to a specific event or court order. Situations that may trigger a reactive name change include trademark infringement disputes, legal challenges, or conflicts with another corporation registered within the state. In such cases, the New York Affidavit of Name Change (Of Corporation) is essential for complying with the required changes. 3. Merger or Acquisition Name Change: In situations where a corporation merges with or is acquired by another company, a name change is often necessary to reflect the newly formed entity or the dominant brand. The New York Affidavit of Name Change (Of Corporation) must be completed to ensure that the updated name is legally recognized in the state and all pertinent documents, licenses, contracts, and legal responsibilities are adjusted accordingly. 4. Subsidiary or Division Name Change: When a corporation's subsidiary or division undergoes a name change, it is crucial to file a New York Affidavit of Name Change to reflect the modification correctly. This type of name change is typically executed to align the subsidiary's or division's branding with the parent company or to designate a clearer distinction between business units. In all cases, completing the New York Affidavit of Name Change (Of Corporation) involves providing detailed information about the corporation, its previous and new name, the reason for the name change, and any supporting documentation required by the state. It is vital to ensure accuracy and full compliance with the legal requirements set forth by the New York Secretary of State's office for a successful name change process.
New York Affidavit of Name Change (Of Corporation)
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How to fill out New York Affidavit Of Name Change (Of Corporation)?
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The state does not keep track of the officers and directors of New York corporations. So, you do not have to file an amendment for any changes. You can update the pieces of information using a Biennial Statement Report form.
Name Change Basics court papers asking for the change, this includes: Name Change Petition and Proposed Order. ... proof of birth. court fee ($210 in Supreme and County Courts; $65.00 in New York City Civil Court) If you are unable to pay this fee, you may ask the court for a fee waiver.
Incorporation If you want to transfer ownership, the process is the same for both. Shares can be sold, gifted or bequeathed. An S Corporation cannot have more than 100 shareholders, so transfer of ownership may be prohibited if it would create more than the allowable number of owners.
Answer and Explanation: The correct option is (C) Corporation. The shares of a corporation are easily transferable over stock exchange.
Complete and file the Certificate of Amendment with the Department of State. The completed Certificate of Amendment, together with the statutory filing fee of $60, should be forwarded to: New York Department of State, Division of Corporations, One Commerce Plaza, 99 Washington Avenue, Albany, NY 12231.
How to Transfer Ownership of a Corporation Consult your Articles of Incorporation and corporate bylaws. ... Contact the board of directors or shareholders. ... Find a buyer. ... Transfer ownership of stock. ... Inform the Secretary of State.
While corporate stocks are freely transferable, some corporations?especially smaller or newer companies?put restrictions on the transfer of stocks. Consult your Articles of Incorporation and corporate bylaws to make sure this transfer of ownership doesn't go against your corporate policies.
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.
