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By filing a document called Articles of Amendment, an LLC or corporation can request to change the name of the business. When approved, it means your company will operate under its new name.
California fictitious business names expire five years from the date of filing. Other circumstances may shorten the fictitious business name's duration. For example, if any of the facts in the filing statement change, your FBN expires 40 days later. Some counties may send out a renewal notice.
Generally, businesses need a new EIN when their ownership or structure has changed. Although changing the name of your business does not require you to obtain a new EIN, you may wish to visit the Business Name Change page to find out what actions are required if you change the name of your business.
In the U.S., a DBA lets the public know who the real owner of a business is. The DBA is also called a fictitious business name or assumed business name. It got its origins as a form of consumer protection, so dishonest business owners couldn't try to avoid legal trouble by operating under a different name.
What's the difference between a company name vs DBA? A company name is the actual name of the business, while a trade name or DBA is a way of doing business under a particular name filed in a state or county. A trade name can be registered by any type of business such as LLCs, corporations, and nonprofits.
Here's how to go about it. Research the new name. Start by checking the U.S. Patent and Trademark Office.Notify your secretary of state.Change licenses and permits.Notify the IRS.Apply for a new EIN.Update your business documents.Communicate with your customers.
When you change your business name, you may have to change legal documents, including contracts, loans, and your business checking account (and checks). You may have to change local business licenses and permits and you will probably need a new "doing business as" or business trade name notification with your county.
You may request copies of filed Fictitious Business Name Statements in person, by mail, and online.
While the cost of a renaming effort, which often requires rebranding too, can range anywhere from $100,000 to $1 million, depending on the size of the business, companies do it all the time.
The Purpose of a Fictitious 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.