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Interesting Questions
A foreign LLC refers to a limited liability company that was originally formed in a different state or country but wishes to conduct business in Maryland.
There can be various reasons why a foreign LLC might want to change its name in Maryland. It could be due to rebranding efforts, trademark conflicts, or simply wanting a name that better aligns with its business activities.
To change the name of a foreign LLC in Maryland, you must file a Name Reservation/Transfer/Correction Form with the Maryland Department of Assessments and Taxation. This form can be submitted online or through mail.
When filing the name change form, you will need to provide the current name of the foreign LLC, the new desired name, your contact information, and a fee for processing the request.
Maryland law does not state a specific time limit for changing the name of a foreign LLC after filing the appropriate form. However, it is recommended to promptly update your business records and notify relevant parties to avoid any confusion.
No, Maryland law does not permit two foreign LLCs to have the same name. When filing the name change form, you should ensure that the desired name is unique and not already in use by another business entity in Maryland.
In addition to filing the name change form with the Maryland Department of Assessments and Taxation, you may need to update your business name with other relevant agencies and entities, such as the Internal Revenue Service (IRS), banks, licensing boards, and any contracts or legal documents that mention the previous name.
The processing time for a foreign LLC's name change can vary. It usually takes a few weeks for the Maryland Department of Assessments and Taxation to review and process the request. It is advisable to stay updated with the status of your filing through the department's online portal.
If the Maryland Department of Assessments and Taxation rejects your foreign LLC's name change request, they will provide you with the reasons for rejection. You may need to choose another name and refile the name change form accordingly.
Yes, you can change the name of your foreign LLC more than once in Maryland. However, each name change requires filing a separate name change form and paying the necessary processing fees.
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