This form is filed with the county Register of Deeds Office in which business is conducted when a previously registered assumed name is no longer in use.
Title: Understanding Fayetteville North Carolina Withdrawal of Assumed Name by a Corporation: A Comprehensive Guide Keywords: Fayetteville North Carolina, Withdrawal of Assumed Name, Corporation, Procedure, Requirements, Forms, Types Introduction: In Fayetteville, North Carolina, corporations operating under assumed names may need to undergo a Withdrawal of Assumed Name process. This article aims to provide a detailed description of the withdrawal procedure, along with the necessary requirements and forms involved. Additionally, we will explore any different types of Fayetteville North Carolina Withdrawal of Assumed Name by a Corporation that may exist. 1. What is the Withdrawal of Assumed Name by a Corporation? The Withdrawal of Assumed Name by a Corporation refers to the process undertaken by corporations in Fayetteville, North Carolina, to terminate their use of an assumed (or fictitious) business name. This withdrawal can occur for various reasons, such as business restructuring, dissolution, or renaming. 2. Types of Fayetteville North Carolina Withdrawal of Assumed Name by a Corporation: a. Voluntary Withdrawal: A voluntary withdrawal occurs when a corporation chooses to terminate its use of an assumed name within Fayetteville, North Carolina voluntarily. This may include instances where the corporation undergoes a name change or ceases operation under the assumed name. b. Involuntary Withdrawal: In some cases, the North Carolina Secretary of State may require an involuntary withdrawal of the assumed name by a corporation. This could happen if the corporation fails to comply with statutory obligations, engages in unlawful activities, or violates the terms of the assumed name registration process. 3. Steps to Complete Fayetteville North Carolina Withdrawal of Assumed Name by a Corporation: a. Gather Required Information: Ensure you have all the essential details about the corporation, including its proper legal name, assumed name, contact information, and the reasoning behind the withdrawal. b. File the Appropriate Form: Obtain the "Withdrawal of Assumed Name by a Corporation" form from the North Carolina Secretary of State's website or office. Complete the form accurately, providing all requested information. c. Pay Required Fees: Submit the necessary filing fee along with your completed form. Fees may vary, so it is advisable to check the Secretary of State's guidelines or contact their office for the current fee amount. d. Deliver Completed Form: Send the completed withdrawal form, along with the fees, to the designated address of the North Carolina Secretary of State's office. Alternatively, you may file the form online if electronic submission is available. 4. Additional Considerations: a. Notify Other Entities: Once the withdrawal is approved, notify any relevant parties, such as lenders, customers, suppliers, and other government agencies, about the change in your corporation's name status. b. File for Dissolution (if applicable): If your corporation is permanently closing, consider filing for dissolution separately. Withdrawal of assumed name does not equate to dissolution, and further steps are usually required to formally terminate the corporation's existence. Conclusion: The Withdrawal of Assumed Name by a Corporation in Fayetteville, North Carolina, involves a formal process to terminate the use of an assumed name. Corporations must adhere to the appropriate steps, including submitting the necessary form and paying the required fees. By understanding the withdrawal process and any variations that may exist, corporations can ensure compliance with North Carolina regulations when seeking to withdraw an assumed name.Title: Understanding Fayetteville North Carolina Withdrawal of Assumed Name by a Corporation: A Comprehensive Guide Keywords: Fayetteville North Carolina, Withdrawal of Assumed Name, Corporation, Procedure, Requirements, Forms, Types Introduction: In Fayetteville, North Carolina, corporations operating under assumed names may need to undergo a Withdrawal of Assumed Name process. This article aims to provide a detailed description of the withdrawal procedure, along with the necessary requirements and forms involved. Additionally, we will explore any different types of Fayetteville North Carolina Withdrawal of Assumed Name by a Corporation that may exist. 1. What is the Withdrawal of Assumed Name by a Corporation? The Withdrawal of Assumed Name by a Corporation refers to the process undertaken by corporations in Fayetteville, North Carolina, to terminate their use of an assumed (or fictitious) business name. This withdrawal can occur for various reasons, such as business restructuring, dissolution, or renaming. 2. Types of Fayetteville North Carolina Withdrawal of Assumed Name by a Corporation: a. Voluntary Withdrawal: A voluntary withdrawal occurs when a corporation chooses to terminate its use of an assumed name within Fayetteville, North Carolina voluntarily. This may include instances where the corporation undergoes a name change or ceases operation under the assumed name. b. Involuntary Withdrawal: In some cases, the North Carolina Secretary of State may require an involuntary withdrawal of the assumed name by a corporation. This could happen if the corporation fails to comply with statutory obligations, engages in unlawful activities, or violates the terms of the assumed name registration process. 3. Steps to Complete Fayetteville North Carolina Withdrawal of Assumed Name by a Corporation: a. Gather Required Information: Ensure you have all the essential details about the corporation, including its proper legal name, assumed name, contact information, and the reasoning behind the withdrawal. b. File the Appropriate Form: Obtain the "Withdrawal of Assumed Name by a Corporation" form from the North Carolina Secretary of State's website or office. Complete the form accurately, providing all requested information. c. Pay Required Fees: Submit the necessary filing fee along with your completed form. Fees may vary, so it is advisable to check the Secretary of State's guidelines or contact their office for the current fee amount. d. Deliver Completed Form: Send the completed withdrawal form, along with the fees, to the designated address of the North Carolina Secretary of State's office. Alternatively, you may file the form online if electronic submission is available. 4. Additional Considerations: a. Notify Other Entities: Once the withdrawal is approved, notify any relevant parties, such as lenders, customers, suppliers, and other government agencies, about the change in your corporation's name status. b. File for Dissolution (if applicable): If your corporation is permanently closing, consider filing for dissolution separately. Withdrawal of assumed name does not equate to dissolution, and further steps are usually required to formally terminate the corporation's existence. Conclusion: The Withdrawal of Assumed Name by a Corporation in Fayetteville, North Carolina, involves a formal process to terminate the use of an assumed name. Corporations must adhere to the appropriate steps, including submitting the necessary form and paying the required fees. By understanding the withdrawal process and any variations that may exist, corporations can ensure compliance with North Carolina regulations when seeking to withdraw an assumed name.
