Changing your business name can be a necessary step for multiple reasons. It can help to rebrand your business and attract new customers. If you are thinking of changing your business name in Montana, there are a few essential steps you need to follow.
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In this article, we will discuss these steps, the documents you need to prepare, and how much it may cost you.
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Step 1: Check with the Montana Secretary of State's Business Name Database
Before proceeding with changing your business name, you need to make sure that the new name you have chosen is not already taken by another business in Montana. This can be easily verified by checking with the Montana Secretary of State's Business Name Database.
To access this database, visit the Montana Business Search website, and perform a search for the name you want to use. If there are no businesses with that name, then you can proceed to the next step.
Step 2: Get Approval from Your Business Partners
If you have business partners, make sure to discuss the intended name change with them as you need their approval before making the change.
Step 3:Prepare Your Articles of Amendment
The next step is to prepare your Articles of Amendment. These documents need to reflect the changes you want to make in your business name. In simple terms, this document will add the new name and remove the old name as your legal business name.
It would be best if you also included any other pertinent provisions, such as changes to the company's purpose, type of business entity, or officers' names.
You can obtain the form for Articles of Amendment from the Montana Secretary of State's office website. Fill out the form completely and make sure you have all relevant signatures.
Step 4: File Your Articles of Amendment
Once you prepare your Articles of Amendment, the next step is to file them with the Montana Secretary of State's Office, Business Services Division.
While filing, you also need to provide a copy of your updated articles to the Department of Revenue and the Department of Administration. You can file this change online through the Montana Business Services Website.
Important: You need to file the paperwork correctly, complete with all the relevant details and the correct fee payment.
Step 5: Publish Your Intent to File Articles of Amendment
As per Montana law, you need to publicize your intent to change your business name by filing a Notice of Intent to do Business Statement, which will give other businesses an opportunity to dispute your business name change.
This notice must be published in a newspaper of general circulation in the location where your business is located. The notice should include the old business name and the change that you are making.
An Affidavit publication form carries proof of publication and must be filed with the Montana Secretary of State's Office within 60 days following the filing's effective date.
Step 6: Update Any Business Entities You Engage With.
Finally, update all your business documents with your new name like your business cards, eg another documentation of registration, bank accounts, leases and legal agreements, website or social media accounts forms and information and all corresponding accounts.
That wraps up the six main steps in changing the late of your business name in Montana! Go for it!
The paperwork and the Cost
To file an Articles of amendment with the Montana Secretary of State's Office, there is a filing fee of $20—note that If you require this appointment immediately. You may obtain a questionnaire for $100 in the presence of a Sovereign Limited Liability company (LLC)?
Another has a cost structure similar to other forms of company, such as incorporation fees to cover government filing fees, leasing fees or buying official filing company documentation.
Final Words
Changing your business name can be exciting, but it should be preceded by proper research of legitimacy. Flexibility prevails on every business entity, and changing business name enhances interests, flexibility and fallibility. Making sure you get all the paperwork done correctly helps avoid issues arise from the government programs.
And that’s it! If you’ve gone through all these steps and crossed all the t’s, you have changed your business name effectively! Congratulations!
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