Are you thinking of changing your LLC name to Maryland? Maybe your business has evolved, and your old name no longer reflects your brand.
Whatever the reason, changing your LLC name is a simple process, but it does require following specific steps.
As an LLC expert with years of experience, I've helped many LLC owners in Maryland change their business names.
I will guide you through changing an LLC name in Maryland step-by-step and help you avoid any mistakes.
Quick Summary
- To change an LLC name in Maryland, you must file Articles of Amendment with the Maryland Department of Assessments and Taxation.
- To file for Articles of Amendment, you need to pay a $100 filing fee.
- After the Articles of Amendment have been processed and approved, the LLC must update all relevant legal documents, such as contracts and licenses, to reflect the new name.
3 Steps To Change An LLC Name In Maryland
These are the 3 steps you need to take to change your Maryland limited liability company name.
1. Choose A New Maryland LLC Name
The first step to changing your LLC name in Maryland is to choose a new name for your business.
When selecting a new name, it's important to ensure that an existing business in Maryland does not already use it.
You can do this by conducting a name availability search through the Maryland Department of Assessments and Taxation website [1].
2. File A Name Reservation Form
Once you've chosen a new name for your LLC, you'll need to file a Name Reservation Form with the Maryland Department of Assessments and Taxation.
This will reserve your chosen name for 30 days, giving you time to file the necessary paperwork to change your business name officially.
3. File Articles of Amendment
To officially change your LLC name in Maryland, you must file Articles of Amendment with the Maryland Department of Assessments and Taxation.
These articles amend your LLC's Articles of Organization to reflect the new name.
You can obtain the necessary form for filing the Articles of Amendment on the Maryland Department of Assessments and Taxation website [2].
When completing the Articles of Amendment form, include the new name of your LLC, your current LLC name, and the name and address of your LLC's resident agent.
You'll need to sign the form in the presence of a notary public.
To file the Articles of Amendment, you'll need to pay a filing fee of $100.
You can pay this fee online through the Maryland Department of Assessments and Taxation website.
Once you've submitted your Articles of Amendment and paid the fee, you must await approval from the Maryland Department of Assessments and Taxation.
The processing time for a name change request in Maryland is typically around 7-10 business days.
You can check the status of your request online through the Maryland Business Express website.
What To Do After You Change Your Maryland Name?
After changing your Maryland LLC name, there are several important steps you should follow:
1. File An Amendment With The Maryland Secretary Of State
You must submit the amendment, which includes your new LLC name, to the Maryland Secretary of State, along with the required filing fee. This can be done by mail, in person, or through Maryland's Business Express website.
2. Update Your Operating Agreement
Check your LLC's operating agreement for any requirements regarding name changes, and update it accordingly to reflect the new name.
3. Notify Government Agencies
Inform federal, state, and local government agencies, such as the IRS and the Maryland Department of Labor, Licensing, and Regulation, about your LLC name change.
4. Update Licenses And Permits
Ensure all licenses and permits associated with your LLC are updated to reflect the new name.
5. Inform Banks And Financial Institutions
Notify banks, lenders, and other financial institutions you work with about the name change, and update your account information.
6. Update Contracts And Agreements
Review and update any contracts, agreements, or other legal documents that involve your LLC to include the new name.
7. Notify Clients And Customers
Inform your clients and customers about the name change to ensure a smooth transition and maintain good relationships.
FAQs
What Happens If I Don't Reserve My Desired LLC Name Before Filing Articles Of Amendment?
If you don't reserve your desired name, there is a risk that someone else might reserve the name before you file your Articles of Amendment, and your request will be denied.
Do I Need To Update My LLC's Operating Agreement After Changing My LLC Name In Maryland?
Yes, you need to update your LLC's operating agreement after changing your LLC name in Maryland. The operating agreement outlines the rules and regulations governing your LLC, and it should accurately reflect the new name.
Can I Change My LLC's Name Without Filing Articles Of Amendment In Maryland?
No, you cannot change your LLC's name without filing Articles of Amendment with the Maryland Department of Assessments and Taxation. This is a legal requirement, and failure to do so can result in penalties or fines.
Do You Need Help Changing Your Maryland LLC Name?
Changing an LLC name in Maryland requires filing Articles of Amendment with the Maryland Secretary of State, paying the necessary fee, and waiting for approval.
Choosing a new name that complies with Maryland's business naming requirements and is distinguishable from other businesses in the state is important.
If you are considering changing the name of your LLC in Maryland, it is best to consult IncFile amendment services to ensure you will change your business name seamlessly.
The online service provider will handle the process on behalf of your company, allowing you to focus on the business itself. Their expertise and experience in the field will ensure that the process is completed in less time.
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References:
- https://egov.maryland.gov/BusinessExpress/EntitySearch/Search
- https://dat.maryland.gov/SDAT%20Forms/llcamend.pdf
