North Carolina Withdrawal of Assumed Name for Partnership, Sole Proprietorship or Limited Partnership
Overview of this form
The Withdrawal of Assumed Name for Partnership, Sole Proprietorship or Limited Partnership is a legal document used to formally retract a business's assumed name. This form serves to notify the appropriate authorities that the business entity is ceasing to operate under the specified assumed name, thereby protecting the business's identity and ensuring clarity in business operations. Unlike similar forms, this one is specifically designed to address the unique needs of partnerships, sole proprietorships, and limited partnerships, making it essential for those operating under an assumed name who wish to discontinue using it.
What’s included in this form
- The name of the assumed name being withdrawn.
- The type of business entity: Sole Proprietorship, Partnership, or Limited Partnership.
- The county and date when the original certificate of assumed name was filed.
- The effective date of withdrawal of the assumed name.
- A section for listing the owners who have ceased conducting business under the assumed name.
- Signature lines for owners along with a notary section to verify the withdrawal.
When to use this form
This form should be used when a partnership, sole proprietorship, or limited partnership decides to stop using an assumed name. Common scenarios include when a business rebrands, merges with another company, or simply wishes to revert to its legal name. Using this form helps ensure that the official records reflect the current business status and protects owners from potential legal misunderstandings regarding their business identity.
Who can use this document
- Owners of a sole proprietorship who wish to withdraw an assumed name.
- Partners in a partnership looking to retract the use of a collective assumed name.
- Members of a limited partnership that no longer require the assumed name for business operations.
- Businesses that have registered an assumed name but plan to discontinue its use for any reason.
How to prepare this document
- Identify the assumed name that you wish to withdraw and write it in the designated space.
- Check the appropriate box to indicate the type of business (Sole Proprietorship, Partnership, or Limited Partnership).
- Provide the county and the date when the original certificate of assumed name was filed.
- Enter the effective date for this withdrawal.
- List all owners who have ceased to conduct business under the assumed name along with their addresses.
- Ensure all owners sign the form, and complete the notary section to validate the withdrawal.
Does this form need to be notarized?
This form must be notarized to be legally valid. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Mistakes to watch out for
- Failing to fill out the name of the assumed name correctly.
- Not providing the original filing county and date.
- Forgetting to sign the document in the presence of a notary.
- Omitting one or more owners' details who have ceased business activities.
- Not specifying the effective date of the withdrawal.
Benefits of using this form online
- Convenience: Easily fill out and download the form at your convenience without the need for in-person visits.
- Editability: You can include accurate details without the pressure of filling out paper forms.
- Reliability: Ensures that you have up-to-date and legally vetted documents tailored for your needs.
- Fast processing: Quick access to the form can speed up the formal withdrawal process.
Legal use & context
- This form serves to update public records regarding the business name, preventing possible legal disputes over name use.
- Ensures compliance with local business name registration laws.
Summary of main points
- The Withdrawal of Assumed Name form is essential for officially stopping the use of a business name.
- Accurate completion and notarization are crucial steps in the process.
- Using this form helps maintain the integrity of business records and complies with state regulations.
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FAQ
Business Licenses and DBAs (doing business as) are two separate things altogether. Business licenses are issued from the city you are in providing services to clients.By getting a DBA, you may open bank accounts in the business name rather than your own which appears more professional.
Assumed Names (DBA): What You Need to Know. Any business that uses a name other than its legal name should take steps to comply with the assumed name statutes in the states in which it does business. An assumed name is also called a DBA (doing business as) name.
Assumed name - a name that has been assumed temporarily. alias, false name. name - a language unit by which a person or thing is known; "his name really is George Washington"; "those are two names for the same thing" 2.
An assumed name is also called a DBA (doing business as) name.Regardless of your form of businesscorporation, limited liability company, partnership or sole proprietorshipyou need to comply with your state's assumed name statutes if you do business using any name other than your legal name.
Under North Carolina law, any business that seeks to use a name other than the name of its owners, or other than the name under which it was formed must file for a DBA. Specifically, such businesses will need to file official paperwork in the office of the register of deeds of such county where the business is located.
Assumed Name Certificates in Texas An assumed business name is a name for your business that is different than its legal registered name. An assumed business name certificate is the document that serves as proof that your company has the legal right to use a specific name.
Just go to the business name search tool and enter your proposed business name. You can search the register of the North Carolina Secretary of State, which will tell you if there are any NC corporations or LLCs with that name.
The filing fee is $26. To cancel your assumed name, complete the withdrawal form and return it to the Register of Deeds office. The filing fee is $26.
An assumed business name is any name your business uses to operate other than its legal name. In some states, you must file for an assumed name certificate if your company does business under anything other than its legal name (or owner's name(s) in the case of a sole proprietorship or partnership).
