The Cary North Carolina Transfer of Assumed Name is a legal process that allows individuals or businesses operating as a partnership, sole proprietorship, or limited partnership to transfer their assumed name to another entity. This transfer ensures that the new entity can continue using the same business name without any legal complications. Let's explore the different types of transfers for each type of business structure: Transfer of Assumed Name for Partnership: 1. General Partnership: In a general partnership, two or more individuals come together to operate a business. To transfer the assumed name of a general partnership, the partners must file the required documents with the appropriate North Carolina authority, typically the Secretary of State. The transfer may involve the addition or substitution of partners or the transfer of the entire business to a new entity. Transfer of Assumed Name for Sole Proprietorship: 1. Individual Business Owner: A sole proprietorship is a business structure where an individual owns and operates the business alone. To transfer the assumed name of a sole proprietorship, the owner must submit the necessary forms to the North Carolina Secretary of State and fulfill any other applicable requirements. The transfer often occurs when the business is sold, or there is a change in ownership. Transfer of Assumed Name for Limited Partnership: 1. Limited Partnership (LP): A limited partnership consists of at least one general partner who manages the business and has unlimited liability, and one or more limited partners who have limited liability and provide capital. When transferring the assumed name of a limited partnership in North Carolina, the general partner(s) must file appropriate documentation with the Secretary of State, following the state's regulations and guidelines. In all cases, the process of transferring an assumed name includes completing the necessary forms, paying the relevant fees, providing supporting documentation, and complying with any specific requirements set forth by the North Carolina Secretary of State. It is essential to ensure accurate and thorough completion of these tasks to avoid any legal complications or interruptions to the business operations. Please note that this information serves as a general guide, and it is advisable to consult with legal professionals or representatives from the North Carolina Secretary of State for specific instructions and procedures related to the transfer of an assumed name for partnerships, sole proprietorship, or limited partnerships in Cary, North Carolina.
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.