Wisconsin Change of company name

• Category: Corporations - Public - Liquidation and Dissolution
• State: Multi-State
• Control #: US-CC-9-601
• Format: Word; Rich Text

Description

This sample form, a detailed Change of Company Name document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.

Wisconsin Change of Company Name: A Comprehensive Guide for Businesses In Wisconsin, a change of company name refers to the process of altering the legal name of an existing business entity. This action can be undertaken by various entities, including corporations, limited liability companies (LCS), partnerships, and sole proprietorship. Understanding the requirements and procedures for a Wisconsin change of company name is crucial to ensure smooth transitions and legal compliance. Types of Wisconsin Change of Company Name: 1. Wisconsin Corporation Change of Name: For corporations registered in Wisconsin, adjusting their company name involves filing a certificate of amendment with the Wisconsin Department of Financial Institutions (DFI). This process involves various steps, including obtaining board approval, drafting and adopting a resolution, and filing the necessary paperwork. Corporations need to ensure that the new name complies with relevant corporate naming guidelines and indicates corporate status, such as the inclusion of terms like "Corporation," "Inc.," or "Corp." 2. Wisconsin LLC Change of Name: A limited liability company in Wisconsin can change its name by submitting a certificate of amendment to the DFI. As with corporations, LCS must comply with naming regulations, which often involve including terms like "Limited Liability Company" or its abbreviations, "LLC" or "L.L.C." LCS might also need to amend their operating agreement and update various legal documents, licenses, and permits. 3. Wisconsin Partnership Change of Name: Partnerships in Wisconsin wishing to modify their company name must follow specific procedures depending on their partnership type. General partnerships should draft an amendment agreement, signed by all partners, and file it with the DFI. Limited partnerships, on the other hand, must file a certificate of amendment regarding their partnership name changes. As with other entities, partnerships should ensure that their new name meets legal requirements. 4. Wisconsin Sole Proprietorship Change of Name: Though not a separate legal entity, Wisconsin sole proprietors can still change the name under which they conduct business. This generally involves filing a Doing Business As (DBA) or an Assumed Name Certificate with the county clerk's office where the business is based. It is important to note that a sole proprietorship name change does not affect the proprietor's personal legal name. Key Considerations and Procedures: 1. Name Availability: Before initiating a Wisconsin change of company name, it is essential to ensure the new name is available and not already in use by another entity in the state. A name availability search through the DFI's online database or contacting the DFI directly can provide clarity. 2. Board Approval and Resolution: Corporations and certain types of partnerships must obtain board approval to change the company name. Board members or partners typically vote on the name change proposal before drafting and adopting an official resolution stating the decision. 3. Document Filing: Once the necessary internal approvals are obtained, the appropriate documents, such as the certificate of amendment or DBA certificate, must be completed accurately and submitted to the appropriate authorities. In most cases, this involves filing with the Wisconsin DFI or the county clerk's office, depending on the entity type. 4. Update Legal Documents and Licenses: After the official name change is processed by the relevant authorities, businesses must update their internal records and legal documents to reflect the new name. This includes revising contracts, agreements, licenses, permits, tax registrations, banking information, and any other relevant documentation. 5. Inform Stakeholders: It is crucial to inform stakeholders, including clients, customers, vendors, suppliers, and financial institutions about the name change. This can be done through formal announcements, updated branding materials, website updates, and revised company stationery. Conducting a Wisconsin change of company name involves meticulous planning, adherence to legal procedures, and clear communication with various entities. Being aware of the specific requirements for different entity types ensures a smooth transition and helps maintain legal compliance.