Virginia Notice of Transfer of Reserved Corporate Name

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State:
Multi-State
Control #:
US-1053BG
Format:
Word; 
Rich Text
Instant download

Description

Section 4.02(b) of the Revised Model Business Corporation Act states: "The owner of a reserved corporate name may transfer the reservation to another person by delivering to the secretary of state a signed notice of the transfer that states the name and address of the transferee."

How to fill out Notice Of Transfer Of Reserved Corporate Name?

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FAQ

To reserve the exclusive use of an available business entity name for a Virginia business entity, you must file an application for reservation of name with the Clerk's Office. For a foreign business entity, you must file an application for registration of corporate name.

Changing officers of a corporation involves filing the articles of incorporation while adhering to Virginia state codes. Directors add officers formally at an annual directors meeting but can do so at any time within the scope of the bylaws.

A business name reservation means that your name is saved for your exclusive use for a defined period. Some states' name reservations are good for 120 days, but some reservations may be as short as 30 days. Many, but not all states allow renewals.

If you're not quite ready to start your business, you can reserve a name for 120 days with the VA State Corporation Commission by filing a form and paying a fee of $10. First, perform a Virginia business search and learn the state's business naming rules to ensure you choose a name that meets legal requirements.

Visit to file an application for reservation or renewal of reservation of a business entity name in real time. Questions? Pay online with a credit card or eCheck. No additional processing fees apply for filing online.

Assumed or fictitious names can be used in Virginia provided that they are recorded in ance with the law (Code of Virginia 59.1-69). The purpose of recording an assumed or fictitious name is to prevent fraud and deceit in business.

What are the steps for changing an LLC name in Virginia? Check if your new LLC name is available. File the Amendment form (and wait for approval) Update the IRS. Update the Virginia Department of Taxation. Update financial institutions (credit card companies, banks) Update business licenses.

The Commission shall authorize use of the name applied for if the other entity consents to the use in writing and submits an undertaking in form satisfactory to the Commission to change its name to a name that is distinguishable upon the records of the Commission from the name of the applying corporation.

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Virginia Notice of Transfer of Reserved Corporate Name