If your company name feels outdated or no longer represents what your business does, you can easily change it. Many people think changing a company name is costly and time-consuming or requires starting a new company, but that’s not true. You can officially change your company name quickly and easily. Sidebrief can help.
When to Change Your Business Name in Delaware
Sometimes, the original name might be too specific. For example, Flutter Payments Inc. A Delaware registered business, might have been perfect at the time of set-up because, they are solely into payment processing. but now they have expanded into payday loans, BNPL, providing credit facilities, and the name doesn’t fit anymore. Or, perhaps the company is rebranding, and the new name will be the focal point. Instead of starting a new company, Flutter Payment Inc. can simply update the name. Some options would be, Flutter Finance Inc, Flutter Technologies Inc, Flutter Inc and amongst others.
Sidebrief can help you prepare and file a Certificate of Amendment with the Delaware Secretary of State’s office to officially change the name of your company.
Recommended reading: Register your business in Delaware
What is a Certificate of Amendment?
A Certificate of Amendment is a legal document used when you want to change details about your company, such as its name. Filing this document, and amending the requististe article officially changes the name on your LLC’s Certificate of Formation or your Corporations Certifcate of Incorporation.
By filing a name amendment instead of starting a new company, you get to keep everything tied to the original company—like its history, assets, liabilities, contracts, and tax records. This also means you won’t need to open a new bank account, get a new EIN, or create new internal documents. The formation date of your company stays the same, which can be important for many business owners.
How to Change Business Name in Delaware Company’s Name
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Choose a New Name: This is a big decision. If you need help, consider what will best represent your business now and in the future.
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Check Name Availability: Make sure your new name is available in Delaware. Sidebrief offers a free search service to help with this.
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Prepare and File the Amendment: Once you’ve chosen a name, a Certificate of Amendment needs to be prepared and signed by an authorized officer of your company. After that, it’s filed with the state.
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Inform Relevant Parties: After the name is officially changed, notify everyone who needs to know, including government agencies, clients, vendors, banks, the post office, and any delivery services you use. Some may require you to fill out a form and provide a copy of the approved Certificate of Amendment.
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Notify the IRS: The IRS allows name changes to be made easily. Send a letter with the new company name, the old name, your EIN, and the signature of a corporate officer.
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Update the Name in Other States: If your business is registered in other states, you’ll want the name to match everywhere. Once the company name is approved in your home state, you can file to change it in other states.
Pro Tips
- Be sure that your domain name for your new company is available
- Ensure the name is original and unique
- Trademark the name if possible
With Sidebrief by your side, you can easily navigate the process and ensure that your new company name truly reflects the business you’ve built, without the hassle of starting from scratch.