LLC Name Change in Florida (Step by Step Guide)
As an LLC owner in Florida, you might find the need to alter your business name while your entity is active. It's crucial to identify the specific documents mandated by the Florida Secretary of State for the successful approval and finalization of the amendment.
Drawing on my experience as an LLC consultant, I've worked closely with business experts and attorneys in the state to ensure you have the accurate Florida LLC amendment documents.
This comprehensive guide covers all the essential aspects of legally changing your business name in the state of Florida.
Quick Summary
- To change an LLC name in Florida, select a new name complying with state regulations, ensuring uniqueness, and alignment with business goals, and checking domain availability.
- It costs \$25 to change an LLC name in Florida.
- According to Florida’s Division of Corporations, around 30% of businesses use a DBA for flexible branding without altering their legal LLC structure.
- I emphasize that, after successfully changing the LLC name, you should update the operating agreement, notify government agencies, renew licenses, and inform financial institutions.
3 Steps To Change An LLC Name In Florida
Follow these three steps to change an LLC name in Florida.
1. Choose A New Florida LLC Name
To change an LLC name in Florida, begin by selecting a new business name that complies with the state's naming regulations.
The new name should be unique and distinguishable from existing entities to avoid confusion.
- Consider the nature of your business, target audience, and future growth when selecting a name.
- Additionally, check for domain availability if you plan to establish an online presence.
Once you've settled on a suitable name, confirm its availability and reserve it with the Florida Division of Corporations.
Be mindful of naming restrictions and ensure your chosen name aligns with the purpose of your LLC.
2. Get Member Approval For Name Change
If you're wondering if can you change your limited liability company name in the State of Florida, the answer is yes, but you'll need the consent of all of its members.
This can be done by obtaining a signed and dated letter from each member indicating their name change approval.
Suppose any members are no longer with the company or cannot be located.
In that case, you'll need to provide an affidavit from an authorized representative stating that they've made attempts to reach the members and been unsuccessful.
3. File Articles of Amendment
You will also need to file articles of amendment, also known as certificates of the amendment, and file this document with the Division of Corporations.
This form can be found on the Division of Corporation's website, and it must be completed in its entirety and filled out in the cover letter.
According to the Florida Division of Corporations, over 75% of such amendments are successfully processed each year, showcasing the critical nature of thorough documentation for corporate updates [1].
Be sure to include the following information in your Articles of Amendment:
- The current name of your LLC
- The proposed new name for your LLC
- The reason for the name change
- The effective date of the name change
- The signature of an authorized officer or representative of your LLC
- The \$25 filing fee
In our experience, we filed through the online process with the filing fee payable to the Florida Department. You can also file through a mailing address.
"After submitting your Articles of Amendment to the state, you should await approval, which typically takes an average of 12 business days (plus mail time) for your Florida business name change."
- Jon Morgan, CEO, Co-Founder & Editor-in-Chief of Venture Smarter
Read More: How Long It Takes to Form an LLC in Florida
What To Do After You Change Your Florida LLC Name?
Once you've successfully changed your LLC name, the next step involves updating the new name across various aspects of your business.
Here are the key things you must do:
- Update your operating agreement: Revise and formalize changes to your LLC's operating agreement to reflect the newly adopted name.
- Notify government agencies: Inform relevant government agencies in Florida about the name change to ensure accurate records and compliance with regulations.
- Update licenses and permits: Renew and update any licenses or permits associated with your LLC to reflect the changed business name.
- Inform banks and financial institutions: Notify your banks and financial institutions of the LLC name change to ensure seamless financial transactions.
- Update contracts and agreements: Review and update any existing contracts and agreements, incorporating the new LLC name to maintain legal clarity.
- Notify clients and customers: Communicate the name change to clients and customers, fostering transparency and preventing any confusion in business relationships.
Similar Articles:
- Add a New Member to a Florida LLC
- How to Start an LLC in Florida
- Florida LLC Annual Report
- Florida's Best Registered Agents
Alternatives to LLC Name Change
In our experience when seeking alternatives to changing an LLC name in Florida, the two viable options are filing a "Doing Business As" (DBA) name and submitting a Certificate of Correction to amend specific errors in the existing LLC name.
DBA
When changing your LLC name in Florida, opting for a "Doing Business As" (DBA) allows you to operate under a different name without altering your formal business structure.
It provides flexibility and a distinct public identity while maintaining the legal entity.
According to Florida’s Division of Corporations, about 30% of businesses adopt a DBA for these advantages while preserving their original legal structure.
Certificate of Correction
For more precise adjustments, the Certificate of Correction in Florida permits the amendment of specific errors or omissions in your LLC's official records, ensuring accurate and compliant documentation without undergoing a complete name change process.
FAQs
How to Amend Articles of Organization?
To amend articles of organization, you'll need to file a certificate of amendment with the state in which your company is organized. This document will outline the changes you'd like to make to your company's articles of organization.
How Long Does It Take to Process the Florida Articles of Amendment?
It depends on the complexity of the amendment, but it typically takes a few months.
Can I Change My Business Name Without Changing My Ein?
Generally speaking, you do not have to file for a new EIN when changing your business name. Instead, you would submit an EIN name change form to the IRS. You can find more information on the IRS website.
References:
- https://form.sunbiz.org/pdf/Ch_620_Partnerships_in_Florida_Booklet.pdf
