The Wake North Carolina Withdrawal of Assumed Name for Partnership, Sole Proprietorship, or Limited Partnership is a legal process that allows businesses operating under assumed names to officially cancel or withdraw their registration. This withdrawal is necessary when a partnership, sole proprietorship, or limited partnership decides to discontinue using the assumed name and wants to update the state records accordingly. Keywords: 1. Wake North Carolina: This refers to the specific region within North Carolina where the withdrawal process is applicable. Wake County is home to the capital city of Raleigh and is known for its vibrant business environment. 2. Withdrawal: This term indicates the formal action of revoking or canceling the assumed name registration. 3. Assumed Name: Also known as a "DBA" (Doing Business As), this is a name different from the legal entity's official name under which the business operates. 4. Partnership: This refers to a business structure where two or more individuals or entities join forces to operate a business together, sharing profits, losses, and responsibilities. 5. Sole Proprietorship: This is a business owned and operated by a single individual who is personally responsible for all aspects of the business, including debts and liabilities. 6. Limited Partnership: A limited partnership is a type of partnership that consists of general partners, who have unlimited liability, and limited partners, who have limited liability and are not actively involved in the management of the business. Types of Wake North Carolina Withdrawal of Assumed Name: 1. Partnership Withdrawal: This type of withdrawal is specifically for partnerships registered under an assumed name in Wake County, North Carolina. 2. Sole Proprietorship Withdrawal: This type of withdrawal is for sole proprietors who have registered an assumed name and want to withdraw it in Wake County, North Carolina. 3. Limited Partnership Withdrawal: Limited partnerships that operate under an assumed name and wish to discontinue its usage in Wake County, North Carolina, are required to complete this withdrawal process. 4. Joint Partnership Withdrawal: In cases where two or more partnerships collaborate and register a joint assumed name, they need to go through a specific withdrawal process to formally terminate the usage of the assumed name. Overall, the Wake North Carolina Withdrawal of Assumed Name for Partnership, Sole Proprietorship, or Limited Partnership is a crucial legal procedure that enables businesses to update their registration records and discontinue the usage of an assumed name. It ensures transparency and accuracy in business filings, allowing for a smooth transition or closure of operations under a specific name.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.