Idaho Withdrawal of Assumed Name for Corporation: In Idaho, a Withdrawal of Assumed Name for Corporation refers to the process of officially canceling or discontinuing the use of a fictitious or assumed name by a corporation. This action is taken by businesses that have been operating under an alternate name, different from their legal, registered name. To initiate the Idaho Withdrawal of Assumed Name for Corporation, the entity must file specific paperwork with the Idaho Secretary of State. This filing effectively terminates the usage of the assumed name and allows the corporation to operate solely under their legal name. Keywords: Idaho, Withdrawal of Assumed Name, Corporation, fictitious name, assumed name, legal name, Secretary of State, filing. Types of Idaho Withdrawal of Assumed Name for Corporation: 1. Voluntary Withdrawal of Assumed Name: This type of withdrawal occurs when a corporation chooses to cease using its assumed name voluntarily. Reasons for such a decision may include a desire to streamline branding efforts, shift business strategies, or adjust to market changes. The voluntary withdrawal process enables the corporation to align its operations with its registered legal name. 2. Involuntary Withdrawal of Assumed Name: An involuntary withdrawal typically occurs when a corporation fails to comply with legal requirements or engages in fraudulent activities while operating under an assumed name. The Secretary of State may mandate the withdrawal in situations where the corporation's activities negatively affect its stakeholders, violate legal guidelines, or create confusion in the marketplace. Involuntary withdrawals often come with legal repercussions for the entity involved. 3. Withdrawal of Assumed Name due to Mergers and Acquisitions: Sometimes, during the process of a merger or acquisition, a corporation may choose to discontinue the use of its assumed name to maintain consistency within the newly formed entity. This withdrawal allows the corporation to consolidate its operations under a single legal name, ensuring clarity and coherence in business dealings. 4. Withdrawal of Assumed Name after Dissolution: When a corporation decides to dissolve its operations, it is necessary to formally withdraw any assumed names associated with the business. This withdrawal ensures that the dissolved corporation cannot continue operating under the assumed name, protecting the company's reputation, trademarks, and intellectual property. Keywords: Voluntary Withdrawal, Involuntary Withdrawal, Mergers and Acquisitions, Dissolution, corporate operations, consistency, legal name, trademark, intellectual property. By following the proper procedures for an Idaho Withdrawal of Assumed Name for Corporation, businesses can ensure legal compliance, maintain brand identity, and protect the interests of stakeholders. It is important to consult an attorney or seek professional guidance to complete the withdrawal process accurately and adhere to all relevant regulations.
Idaho Withdrawal of Assumed Name for Corporation
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Please complete your renewal application and payment of fees through the ONLINE renewal system. There are no additional fees for this service. Documents, if required, may be uploaded when you renew. If you have questions, please contact renewal@dopl.idaho.gov or 208-334-3233.
?? Any person who proposes to or intends to transact business in Idaho under an assumed business name shall, before. beginning to transact business, file with the secretary of state a certificate of assumed business name?.?
You may also reinstate your corporation by calling the Idaho Secretary of State's office; they will provide you with a Reinstatement Annual Report form and an Application for Reinstatement. You must complete and return them both in duplicate with the filing fee, by mail or in person.
To access the Idaho Reinstatement Form online, you'll need an SOSbiz account. Once you're logged on, you can search for your business and file the form from there. To file a paper copy of the Reinstatement Form, you'll need to visit the Idaho Secretary of State's Office in person.
Reinstatement means to bring a business (LLC or corporation) back into good standing with the state where the business was formed or registered to do business. If a business entity fallen behind on franchise taxes and annual reports, it may be administratively dissolved or suspended by the state.
Your business must be in good standing with the Secretary of State (SOS) to revive your business entity. To revive your business, you must file one of the following forms: Application for Certificate of Revivor ? Corporation (FTB 3557 BC) Application for Certificate of Revivor ? Limited Liability Company (FTB 3557 LLC)
The Idaho Secretary of the State's website keeps record of Idaho business entities that exist or have dissolved. The database is free to use and makes it easy to find existing businesses and check if a business name may be available.
Once the name is chosen, the owners must fill out a Certificate of Assumed Business Name, form and file it with the Idaho Secretary of State. There is a $25 filing fee. Filing fees are subject to change, check with the Secretary of State for the most recent fee.
