I formed an LLC in New Hampshire about two years ago and the name no longer fits what we actually do. I want to change it to something more accurate. Where do I start? Do I need to file something with the state, and what about my EIN and bank account?
LLC Name
I want to change the name of my New Hampshire LLC
You'll file a Certificate of Amendment with the NH Secretary of State. It's a fairly straightforward form and the filing fee is arounD $50. Just make sure the new name is distinguishable from existing entities.
Check the name availability first on the SOS website. You don't want to pay the fee only to find out it's taken. Also, if you have a registered agent, they might need to be notified of the change.
What about the EIN? I've heard you don't need a new one if the entity type and ownership stay the same. You just update the name with the IRS.
Correct,the EIN stays the same. You'll want to update the name associated with it by filing Form 8822-B or by calling the IRS. But it's not a new EIN situation.
Don't forget your bank. They'll likely want a copy of the approved amendment and maybe a new resolution. It can be a hassle but it's doable.
Also check if you have any local licenses or permits under the old name. You'll need to update those too., And if you have a DBA, that might need to be refiled.
How long does the amendment take to process? I'm thinking of doing something similar.
Usually a few business days if you file online or by mail. You can pay extra for expedited service if you're in a hurry.
Also, if you have a website or social media, update those consistently. It helps with SEO and avoids confusion.
Thanks for the details. I'll start with the SOS name check and then file the amendment. The bank and IRS steps make sense. I'll look into the local licenses too.