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Description
This Professional Corporations Package contains all forms and directions for filing needed in order to incorporate a Professional Corporation in your particular state. The forms included are as follows: articles on incorporation, by-laws, any other forms needed for creation and maintenance of the corporation.
A foreign corporation name change in Maryland refers to the process of legally changing the name of a corporation that has been incorporated in another state or jurisdiction.
There could be various reasons for a foreign corporation to change its name in Maryland. It could be due to rebranding efforts, avoiding trademark conflicts, entering the Maryland market, or complying with Maryland's naming requirements.
A foreign corporation in Maryland must ensure that its name meets certain requirements, such as being distinguishable from the names of other entities registered in the state, not being misleading, and including appropriate corporate designators like 'Corporation,' 'Inc.,' or 'Ltd.'
To initiate a name change, a foreign corporation must typically file a Name Reservation/Registration Application with the Maryland Department of Assessments and Taxation. Once the name is approved, the corporation can proceed with further legal formalities.
The specific documents required may vary, but generally, a foreign corporation will need to submit a completed Name Reservation/Registration Application, along with any necessary filing fees and supporting documents like a Certificate of Good Standing from its home state.
Yes, the chosen name for the foreign corporation in Maryland must comply with the state's naming requirements and should not infringe upon the trademarks or rights of existing entities. Additionally, the name should not contain any prohibited words or phrases.
The processing time for a foreign corporation name change in Maryland can vary. Generally, it takes a few business days to a couple of weeks. However, the actual duration depends on factors like the workload of the Maryland Department of Assessments and Taxation and the accuracy of the submitted documents.
Once the name change is approved, the foreign corporation should update its records and documentation accordingly. This includes notifying relevant parties, such as the Internal Revenue Service (IRS), clients, vendors, and banks, about the name change.
Yes, in some cases a foreign corporation can revert to its previous name following a name change in Maryland. However, the process and requirements for reverting to a former name may differ from those of a regular name change and may involve additional legal steps.
Failing to comply with the name change process for a foreign corporation in Maryland can result in various penalties. These may include rejected filings, loss of good standing, legal disputes, fines, and potential difficulties in conducting business within the state.
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