Virginia Withdrawal of Assumed Name for Corporation is a legal process that allows a corporation to cease using a registered assumed name under which it conducts its business operations in the state of Virginia. This withdrawal is necessary when a corporation no longer wants or needs to operate under the assumed name. To initiate the Virginia Withdrawal of Assumed Name for Corporation, certain steps and requirements must be followed. The first step is filing a withdrawal application with the Virginia State Corporation Commission (SCC). The application must include relevant information such as the corporation's full legal name, its assumed name(s), and the reason for the withdrawal. There are different types of Virginia Withdrawal of Assumed Name for Corporation, namely: 1. Voluntary Withdrawal: This occurs when a corporation decides to voluntarily stop using an assumed name and wants to revert to using its legal name only. Voluntary withdrawals are typically initiated when the assumed name is no longer required or when the corporation wants to rebrand or change its business identity. 2. Involuntary Withdrawal: In certain cases, the SCC may require a corporation to withdraw its assumed name. This could occur if the corporation fails to comply with state regulations, engages in fraudulent activities, or violates any relevant laws. The SCC has the authority to revoke the right to use an assumed name if its use is deemed detrimental to either the public or the corporation itself. Completing the withdrawal process requires fulfilling all applicable obligations and paying the necessary fees. Additionally, it is essential to notify clients, customers, and relevant stakeholders about the change, along with updating any relevant contracts, licenses, permits, or registrations. In summary, Virginia Withdrawal of Assumed Name for Corporation is a legal process through which a corporation can cease using an assumed name for its business operations. It includes voluntary withdrawals initiated by the corporation itself and involuntary withdrawals mandated by the Virginia State Corporation Commission. Proper completion of the withdrawal process ensures compliance with state regulations and allows the corporation to revert to using its legal name for all business activities within Virginia.
Virginia Withdrawal of Assumed Name for Corporation
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How to fill out Virginia Withdrawal Of Assumed Name For Corporation?
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To terminate your Virginia Corporation that has issued shares and has commenced business in Virginia, complete and file Form SCC743, Articles of Dissolution and Form SCC750, Articles of Termination of Corporate Existence. File by mail or in person.
A California DBA is also known as a fictitious business name in California. Some companies file a "doing business as" in California so they can use a tag line to refer to their company, such as "The Best Burgers in Town."
A DBA name is also referred to as a ?trade name?, ?assumed name?, or ?fictitious business name?. The purpose of registering a DBA name is to notify the public that a particular person or business entity is conducting business under a name other than its legal name.
To do so, you can file an Application for a Certificate of Withdrawal. This how-to guide will walk you through withdrawing a foreign stock or nonstock corporation online in the new Clerk's Information System (CIS) . Log on to CIS at .
A DBA is an assumed (fictitious) name that an existing business has received approval to use when conducting business. An LLC is its own registered business entity. Both options provide a way to operate under a business name other than a company's legal name.
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.
In California, you are free to use a fictitious business name as long as it is properly registered. Most businesses choose a DBA to capture their market. Aside from that, there are many reasons why using an FBN is beneficial.
You can withdraw your Virginia DBA by completing the Certificate of Release of Assumed or Fictitious Name form and submitting it by mail.
