Typically, the IRS requires your business to receive a new Employer Identification Number (EIN) if you change the structure or ownership of your business. So if you just change the name of your business, you don`t need to get a new number. The name change must first be approved by the owner or members of the LLC or, in the case of a corporation, by the shareholders. Refer to your LLC operating agreement or company bylaws to consider how to deal with these issues. It`s a good idea to make a list of all the other agencies and companies you do business with on a regular basis. Be sure to include all state and local tax authorities, vendors, suppliers, service companies, and banks. For S-Corps, C-Corps and partnerships, you can specify the EIN company name change on your tax return when filing. For businesses, there is a box on Form 1120, and for partnerships, it is on your Form 1065. If you change your name shortly after filing your annual tax return, you can notify the IRS of the name of the EIN change through a signed notice, similar to a sole proprietorship. Be sure to attach a stamped/approved copy of your LLC`s name change form to the letter you send to the IRS.

The IRS usually takes about six weeks to process a name change letter. If you don`t provide the required details in your letter, the IRS may request additional information that may further delay processing. Naming requirements vary by state, so you need to make sure your company`s new name is compliant. For example, all states prohibit the use of certain words (which vary from state to state). They also restrict the use of names that are ”deceptively similar” to an existing name. Most states also require the company to identify its type of business, by .B., ”LLC” or ”Inc.” Write to us at the address where you filed your tax return and notify the Internal Revenue Service (IRS) of the name change. Note: The notice must be signed by the business owner or his/her authorized representative. If you have already filed your tax return for the current year, write to us at the address where you submitted your return to notify us of the name change. Also: What happens if I put a member/manager on the LLC business name change paper from the owner? Are they going to change it anyway? It now takes almost 45 days. Simply check ”Change of name” at the top of Form 1120 if tax returns are filed. The name you choose for your business is important. It defines your brand and differentiates your business from the competition.

However, if it doesn`t help you achieve these goals, or if you`ve decided to set a different course for your business, it may be time to come up with a new name for your business. A new business owner may need to submit a new EIN in certain situations. I just read your article about renaming with the IRS. So if I made a mistake on my ss-4 and want to fix it, can I do it by simply writing to the IRS and requesting an EIN name change? Is there a form for this? We are not the usual companies as you described above, we receive ADRs related to fiduciary administration and estate matters. C corporations, S corporations, and multi-member LLCs that have filed at least one tax return for the corporation can notify the IRS of the name change by simply checking the name change field when filing your tax return for the current year. Note that this option is not available for LLCs with a member. An LLC is an entity created by state law. The IRS did not create a new tax classification for the LLC when it was created by the states; Instead, the IRS uses the classifications of tax units it has always had for commercial taxpayers: corporation, partnership, or as a separate entity from the owner called an ”unaccounted entity.” An LLC is still classified by the IRS as one of these types of taxable businesses. If an ”unconsidered entity” is owned by an individual, it is treated as a sole proprietor.

If the ”unaccounted entity” belongs to another entity, it is treated as a branch or division of its owner. I misspelled the name of my new business, how can I fix it? Who do I contact? Thank you Sign the letter. The letter must be signed by the business owner or an authorized representative. How you change the name of your LLC with the IRS depends on how your LLC is taxed. If you have recently changed the name of your LLC or company, you need to know how to make an IRS business name change as well as an EIN name change. It is your responsibility to make sure everyone knows your company`s new name, including the IRS. Before changing the format of your business, you should consult with legal and financial professionals to ensure that what you intend to do does not expose you to excessive risk. If a single-member LLC has filed and paid employment taxes under the owner`s name and EIN, and the LLC has not yet received an EIN, a new EIN will be required for wages paid as of January 1, 2009. If an LLC with a single member has filed and paid excise duty under the owner`s name and the EIN, and the LLC has not yet received an EIN, a new EIN is required for certain excise duty obligations and measures first imposed in periods beginning on January 1, 2008. The following examples can help determine if a new EIN is needed: Although this is rare, changes to company names may be made immediately after the NAEs are issued. If you recently received your EIN and did not file tax returns with the IRS, submit your business name change request to: IRS, Stop 6055, Kansas City, MO 64999 You must also update the name of your LLC with the locations listed below. For example, all businesses, with the exception of sole proprietorships, must notify the Secretary of State or another state agency that regulates businesses of a name change.

Depending on your state`s business laws, you may need to submit amended forms, such as.B. amended statutes or organizations. Form 8822-B (”Change of Address or Responsible Party – Company”) cannot be used to update the name of an LLC with the IRS. In some situations, a name change may require a new Employer Identification Number (EIN) or a final declaration. See publication 1635 PDF, Understanding your EIN to make this decision. Conduct a formal investigation to ensure that your new name is available in the state(s) where you operate. In addition to the naming rules of the State Business Units Act, you need to make sure that your company`s new name does not infringe on another company`s trademark rights. If your LLC or company name is used as a trademark, you can also protect its rights. A trusted advisor who is familiar with trademark law can help. However, if you`ve already filed your tax return for the current year, you don`t have to wait until next year to update your business name on IRS records. To legally make a name change, LLCs and corporations must file a certificate of modification with the state in which they were originally incorporated.

You can send a copy of this document, along with a letter of name change, to the IRS to update your new name in IRS records. Previous Company Name/LLC: Enter their previous LLC name. To change your business name, you must notify your customers, business partners, all relevant government agencies, and the Internal Revenue Service (IRS). Changing the name of the IRS company can be done in two ways. Businesses and LLCs can activate the name change field when filing their annual tax return with the IRS. You can also notify the IRS with a name change letter. I have been sending the IRS 5x name change newsletter since October. Always nr. 147c.

I`m in the health field, so insurance companies validate every year. My state`s name doesn`t match the IRS and the insurance company says they have to stop paying. I called IRS several times. No help. Perhaps faster to get new EIN and Recredential with confidence than to wait and risk losing business. Thoughts? But how do you change the name of your company? And if you run an LLC or a company, can you change the name of your business? There are several reasons why you may want to change the name of your business. You may want to attract a new audience, reflect an expansion of your offering or location, or maybe have acquired a new business. Another common reason for a name change is a brand renewal or a desire to attract a new generation of customers. Negative publicity is also a call for a name change. Or maybe you just chose the wrong name when you started your business, and it`s time for something new. Check the appropriate box (partnership or corporation) for the name change in box 3 on page 1 below line E. Business owners and other authorized persons may submit a name change for their business.

The specific measures required may vary depending on the type of business. If the EIN has recently been assigned and responsibility for filing has not yet been determined, send requests to change the company name to the IRS address where you are submitting your return. Most companies have an EIN for financial and tax purposes. If you decide to make changes to your business, you may be wondering what additional documents and documents you may need to support. If you change your name and corporate identity structure, you will need to submit a new EIN. File a new EIN here. If you`re buying a business and keeping the same name and entity structure, but you`re a new business owner, you need a new EIN. If you change the business name but keep the same business structure and owner, you may not need to buy a new EIN. .