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.
High Point North Carolina Withdrawal of Assumed Name by a Corporation refers to the process by which a corporation in High Point, North Carolina, terminates or cancels a previously registered assumed name. An assumed name, also known as a fictitious name or DBA (doing business as), is a name under which a corporation conducts its business that is different from its legal name. In High Point, North Carolina, there are two types of withdrawal of assumed name by a corporation: 1. Voluntary Withdrawal: This type of withdrawal occurs when a corporation decides to terminate the usage of its assumed name voluntarily. This could happen for various reasons, such as a name change, brand consolidation, or a shift in business strategy. The corporation initiates the withdrawal process by submitting the necessary documentation to the appropriate authority, which in this case is the North Carolina Secretary of State. 2. Involuntary Withdrawal: In certain situations, a corporation's assumed name may be involuntarily withdrawn by the state or regulatory authorities due to non-compliance with legal requirements, fraudulent activities, or violations of relevant laws and regulations. In such cases, the state or regulatory authority initiates the withdrawal process, which may involve investigations, legal actions, and penalties. To execute a voluntary High Point North Carolina Withdrawal of Assumed Name by a Corporation, the following steps need to be taken: 1. Preparation of Documentation: The corporation must prepare the necessary documentation to initiate the withdrawal process. This typically includes a completed withdrawal form or letter, signed by an authorized representative of the corporation, providing details such as the corporation's legal name, assumed name, reason for withdrawal, and effective date of withdrawal. 2. Filing with Secretary of State: The completed withdrawal form or letter must be submitted to the North Carolina Secretary of State along with the requisite filing fee. The corporation should ensure that all the information provided is accurate and up-to-date. 3. Notification of Stakeholders: After filing the withdrawal, it is essential for the corporation to inform all relevant stakeholders about the withdrawal of the assumed name. This includes notifying customers, suppliers, financial institutions, and other concerned parties about the change. It is crucial to update all legal documents, contracts, licenses, permits, and bank accounts to reflect the corporation's legal name instead of the assumed name. It is important for corporations in High Point, North Carolina, to comply with all state regulations and requirements related to withdrawal of assumed names. Failure to do so may result in legal consequences, penalties, or difficulties in conducting business operations. Therefore, it is advisable for corporations to consult with legal or business professionals who can provide proper guidance and assistance throughout the withdrawal process.High Point North Carolina Withdrawal of Assumed Name by a Corporation refers to the process by which a corporation in High Point, North Carolina, terminates or cancels a previously registered assumed name. An assumed name, also known as a fictitious name or DBA (doing business as), is a name under which a corporation conducts its business that is different from its legal name. In High Point, North Carolina, there are two types of withdrawal of assumed name by a corporation: 1. Voluntary Withdrawal: This type of withdrawal occurs when a corporation decides to terminate the usage of its assumed name voluntarily. This could happen for various reasons, such as a name change, brand consolidation, or a shift in business strategy. The corporation initiates the withdrawal process by submitting the necessary documentation to the appropriate authority, which in this case is the North Carolina Secretary of State. 2. Involuntary Withdrawal: In certain situations, a corporation's assumed name may be involuntarily withdrawn by the state or regulatory authorities due to non-compliance with legal requirements, fraudulent activities, or violations of relevant laws and regulations. In such cases, the state or regulatory authority initiates the withdrawal process, which may involve investigations, legal actions, and penalties. To execute a voluntary High Point North Carolina Withdrawal of Assumed Name by a Corporation, the following steps need to be taken: 1. Preparation of Documentation: The corporation must prepare the necessary documentation to initiate the withdrawal process. This typically includes a completed withdrawal form or letter, signed by an authorized representative of the corporation, providing details such as the corporation's legal name, assumed name, reason for withdrawal, and effective date of withdrawal. 2. Filing with Secretary of State: The completed withdrawal form or letter must be submitted to the North Carolina Secretary of State along with the requisite filing fee. The corporation should ensure that all the information provided is accurate and up-to-date. 3. Notification of Stakeholders: After filing the withdrawal, it is essential for the corporation to inform all relevant stakeholders about the withdrawal of the assumed name. This includes notifying customers, suppliers, financial institutions, and other concerned parties about the change. It is crucial to update all legal documents, contracts, licenses, permits, and bank accounts to reflect the corporation's legal name instead of the assumed name. It is important for corporations in High Point, North Carolina, to comply with all state regulations and requirements related to withdrawal of assumed names. Failure to do so may result in legal consequences, penalties, or difficulties in conducting business operations. Therefore, it is advisable for corporations to consult with legal or business professionals who can provide proper guidance and assistance throughout the withdrawal process.
