The Wake North Carolina Withdrawal of Assumed Name for Corporation refers to the process of formally canceling or revoking an assumed name or DBA (Doing Business As) registration held by a corporation in the Wake County or North Carolina jurisdiction. This withdrawal is necessary when a corporation decides to cease using a previously registered assumed name and wishes to revert to conducting business solely under its legal corporate name. Keywords: Wake North Carolina, withdrawal, assumed name, corporation, DBA, registration, cancel, revoke, cease, business, legal corporate name. Different types of Wake North Carolina Withdrawal of Assumed Name for Corporation could include: 1. Voluntary Withdrawal: In this scenario, the corporation willingly decides to withdraw its assumed name. This may occur due to a change in business strategy, consolidation of operations, rebranding, or any other reason where the corporation feels it is no longer necessary or beneficial to continue operating under the assumed name. 2. Involuntary or Administrative Withdrawal: This type of withdrawal may be initiated by the state or regulatory authorities in cases where the corporation fails to comply with legal requirements, such as filing annual reports, paying fees, or maintaining proper corporate records. Noncompliance can lead to the withdrawal of the assumed name and may also result in penalties or other disciplinary actions. 3. Dissolution Withdrawal: When a corporation decides to dissolve or wind up its operations entirely, a withdrawal of the assumed name may be required. This ensures that all business activities associated with the assumed name are properly terminated and the corporation's legal liabilities are addressed before the dissolution is finalized. Regardless of the specific type of Wake North Carolina Withdrawal of Assumed Name for Corporation, the process typically involves submitting a formal application or form to the appropriate regulatory authority, such as the North Carolina Secretary of State or Wake County Clerk's Office. The application may require providing details about the corporation, the assumed name being withdrawn, the reason for withdrawal, and any supporting documentation or fees as per the relevant regulations. It is important for corporations to carefully follow the withdrawal procedures and comply with all legal obligations to ensure a smooth and lawful transition back to using their legal corporate name. Failure to do so may result in complications, legal disputes, or financial penalties. Therefore, corporations should consult with legal professionals or seek guidance from the appropriate regulatory authorities for accurate and up-to-date information tailored to their specific circumstances.
Wake North Carolina Withdrawal of Assumed Name for Corporation
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FAQ
Is there a filing fee to dissolve or cancel a North Carolina LLC? There is a $30 filing fee to dissolve a North Carolina LLC.
N.C.G.S § 66-71.4(a) requires that any person engaging in business in this State under an assumed business name, the person must file an assumed business name certificate in the office of the register of deeds of the county in which the person is or will be engaged in business.
Contact the bank to find out if the existing business bank account's name can be changed. Some banks will change the name on the account to a new DBA, while others require closing the account in the old name and opening a bank account for the new DBA.
To close their business account, a sole proprietor needs to send the IRS a letter that includes the complete legal name of their business, the EIN, the business address and the reason they wish to close their account.
North Carolina Amendment FAQs The filing fee for an amendment is $50. Expedited processing comes with additional fees.
To make changes to your assumed business name certificate, complete the amendment form and return it to the Register of Deeds. 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.
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.
To make changes to your assumed business name certificate, complete the amendment form and return it to the Register of Deeds. 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.
North Carolina allows you to list up to five DBA names that you want to register. The name of the person or entity doing business under the DBA name. This is your name or the name of your LLC, partnership, or corporation.
N.C.G.S § 66-71.4(a) requires that any person engaging in business in this State under an assumed business name, the person must file an assumed business name certificate in the office of the register of deeds of the county in which the person is or will be engaged in business.