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P art of creating your legal entity requires filing key documents with your state. If you set up your business as a Limited Liability Company (LLC), those documents were your Articles of Organization. If you were creating your business as a corporate entity, you submitted Articles of Incorporation. These important filings were an instrumental part of the process of making your business official and establishing your company.
The filing provides critical information to the state government, including the name and address of your business, the names of your managers or board members, the purpose of your business and the Registered Agent assigned.
But what happens if there is a change to your business? Is there a process that a business owner can follow to make updates to these important documents? When can you amend Articles of Incorporation? How can a change be made, and is the process even necessary?
Update Business Name Changes, New Address, Member Information and More
File Articles of AmendmentCorporations and Limited Liability Companies can make changes to their initial business-formation documents by filing an amendment. The process to formalize these changes is achieved with a document known as Articles of Amendment .
Changes made to your Articles of Organization or Articles of Incorporation will need to be submitted to your Secretary of State. Although requirements may vary by state, an amendment request will need to include the following:
Articles of Amendment can be mailed to the office of your Secretary of State or filed online. Filing online can help expedite the process but may come at an added cost depending on your state. The filing time can vary by state and can often take several weeks.
Once the amendment is accepted by the governing state agency, a confirmation of the change will be sent confirming that your business information is up-to-date with the state.
Any time your business makes a change, you can file. Articles of Amendment need to be used to formally submit changes to your business and ensure that these changes are recorded by the state government. Since Articles of Organization or Incorporation are part of the public record, it is important that your business’s information is accurate.
A business may want to submit an amendment to reflect the following changes:
Having your documents current can also help avoid potential conflicts that can affect the business. These conflicts, or disputes, can either be internal or external.
One example of an internal clash can involve LLC members disputing ownership. Your initial business filing helps establish the organization of your business. An example of an external threat to the business may involve a dispute in company name. Having your current name filed with the state can confirm your business and business name, especially if it’s at risk of having that same name used by another entity or potential competitor.
Here’s a look at five scenarios highlighting why you would need to amend your Articles of Incorporation or Organization and file an Article of Amendment.
Making sure that the appropriate state government agencies have the correct information for your business is a key obligation of any business owner. Failing to do so will not only result in potential fines and penalties, but it may also harm your business in other key ways.
For one, it can be viewed by the state as negligence. Having inaccurate information filed with the state can also damage the reputation of your business.
Keep in mind that your company name, address and purpose are all part of the public record. Your business information needs to be accurate and up-to-date so that you receive all important government filings and even notices of legal action, including summonses.
Since 2005, Bizee has helped over 1,000,000 business owners form their business entity, submit annual reports, provide Registered Agent services and prepare and file Articles of Amendment.
Bizee will handle the paperwork and make sure that your changes are filed with the Secretary of State, saving you time in the process so you can stay focused on running your business.
Update Business Name Changes, New Address, Member Information and More
File Articles of AmendmentPeter Mavrikis is an author and editor with over 25 years of experience in publishing. He has worked as the Editorial Director for Barron’s Educational Series, as well as Kaplan Test Prep, where he ran the test prep, foreign language, and study guide. Read more
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