Legal effect of change of company name

What is a change of company name? Can a company change its name after a contract? Can I change my company name?

The name change is easily accomplished by filing a resolution with the appropriate department in the state in which you are incorporated and then notification to each state in which you do business. The change of name takes effect on the date of the issue of the altered certificate.

The company retains the same company number even after the change of name. The opinion of an attorney that the change of name was legally done, A list of contracts and purchase orders between the two parties, The agreement that all rights and obligations of both parties to these contracts are not affected by the change , and A statement that all contracts covered by the agreement are amended by substituting the name. Some contracts might already include terms in the contract, which identify what happens if a company changes its name.

This checklist provides an overview of matters to consider and the procedure(s) to follow when a company changes its name either by resolution or by means provided in its articles of association. The change does not affect any rights or obligations of the company or render defective any legal proceedings by or against it. You might need to trace company name changes over time.

If the documentation does not refer to a limited company , then it may be that you contracted with the builder himself as an sole trader. In that case, a change of business name would not usually affect the validity of a contractual guarantee given by the builder.

A company name change might also mean your company website needs an overhaul. Outdated content, incorrect company details and marketing material related to your old company will be no use of you with the changes to your company name. A fresh website design will revitalise your business, breathing in new life and modernising the feel.

This form can be used to notify Companies House of an unconditional change of name by the company members. There is a cost of £to file the paper form. It’s easier and quicker to file your.

Practical Law Corporate. As per the provisions of the Companies Act, the decision to change a company’s name should be taken by special resolution – requiring the holders of of the voting shares to assent to the proposed name change. However, there are some instances where making this kind of change is important – even critical – to a business. In fact, we recently made this recommendation to one of our clients.

There are plenty of advantages of a legal name change. If you have one that you find embarrassing or that brings the wrong kind of attention, changing it may relieve you of a lot of embarrassment or hassle. One of the best parts is that the sky is the limit. If the corporate entity changed legal stsus you may need a new contract. If it is the same corporate entity but just changed the name under which it does business it would still be bound by the contract.

Even a new entity might be a successor to the old coproation. Change of Company Name.

Businesses can often change their name without changing it at all, through the use of fictious names (also knows as “doing business as”). If properly filed the legal and fictious same become essentially interchangeable. Along with a company name change you may wish to consider adjusting the structure of your business.

A restructure may allow you to setup employee share incentive schemes, allow for external investment from a variety of sources, create a more tax efficient structure or turn the business into a charitable, non-profit or more specific company type (such as a right to manage company ). Nevertheless, name change shall not impact our ongoing cooperation and agreed terms.