How to Change Business Name in Arkansas

Changing a business name can give your company a new lease on life, but following the correct legal procedures is essential to ensure a smooth transition. The name is the first identity of your business. If you run it for a while and then decide to change, you must update the new name everywhere. In Arkansas, popularly known as The Natural State, the process of modifying your business name can be quite straightforward, provided you adhere to the necessary rules and regulations.

You must follow some steps and regulations while changing your business name. For example, if you start an LLC in Arkansas, you must follow specific regulations the Arkansas state government sets. The current population of the so-called The Natural State is 3,040,207. Changing the name of your existing business in any city (especially in the capital, Little Rock) might affect your business reputation and existing customers adversely. Hence, before you change the name of your business, make sure the decision is rightfully taken.

Technically, the process of changing your business name in Arkansas involves three major steps. In this article, I have shared how to change a business name in Arkansas. To learn everything about changing a business name, I recommend you read the whole article till the end.

Reasons to Change a Business Name in Arkansas

Rebranding: A business may want to change its name in Arkansas to reflect the new brand identity, target a different market, or signify a shift in the company’s vision and goals.
Merger or acquisition: If a business in Arkansas merges with or is acquired by another company, a name change may be necessary to represent the combined entity accurately.
Legal reasons: A business in Arkansas may need to change its name due to trademark disputes, cease and desist letters, or other legal issues.
Expanding to new markets: If a business in Arkansas is looking to expand into new regions or countries, a name change may be needed to avoid confusion with existing businesses in those markets or to appeal to a broader audience.
Negative associations: A business in Arkansas may want to change its name if the current name has become associated with negative events, such as scandals or poor customer experiences.
Simplifying the name: A business in Arkansas may choose to change its name to a simpler or more memorable one, making it easier for customers to remember and find.
Reflecting a change in ownership: If a business in Arkansas changes ownership, the new owners might change the business name.

Things to Consider Before Changing Your Business Name in Arkansas

There are a few things to consider before you change your existing business name. A business name change is a huge decision for any company. Changing the business name in Arkansas frequently is neither easy nor desirable. If it is absolutely necessary to change the business name, you must consider the following points-

Legal requirements: Ensure you follow the necessary legal steps to change your business name in Arkansas.
Name availability: Search the Arkansas business registry to make sure your desired new name is available and does not infringe on any existing trademarks or business names.
Impact on branding and marketing: Assess how a name change will affect your existing brand identity, marketing materials, and overall company image in Arkansas.
Customer perception and loyalty: Consider how your current customers in Arkansas will react to a name change and whether it may cause confusion or negatively impact customer loyalty.
Costs associated with the name change: Changing your business name in Arkansas may involve costs such as new signage, website updates, and reprinting marketing materials. Be sure to budget for these expenses.
Updating licenses and permits: You must update any licenses, permits, and registrations with the new business name in Arkansas.
Maintaining continuity: Consider maintaining continuity with your old name during the transition period and address any potential confusion among customers and clients in Arkansas.
Tax implications: Consult with a tax professional to understand any tax consequences or implications of changing your business name in Arkansas.
Reputation management: Be prepared to manage your online reputation during the transition, as customers may leave reviews or comments on social media related to the business name change.

How to Change a Business Name in Arkansas

Changing your business name in Arkansas is not difficult, as I mentioned. But, before we start with the steps, you must know that one must follow some LLC naming guidelines while naming their LLC. Based on the type of business structure, naming guidelines may vary. Following are some of the guidelines an LLC must follow while changing the business name-

The name should be available to use
Any other business does not use the name.
The new name must include “LLC” if it is a limited liability company.
The name should not be confused with a government entity, such as banks, treasury, or any governmental organization.

Read Arkansas LLC name search to learn about LLC naming if you form an LLC. Now, let’s dive into the steps to change the business name-

Step 1: Choose the New Name for Your Business

The first step is to choose a new name for your business. Many people file a DBA (Doing Business As) or a Fictitious Name before filing their business with the SOS. Later, they can change that name and get a new one when filing their business. When you decide to change the name of your business, you can search for the name to check if the new name is already taken or available for you to use.

To choose a new name, you must go through the same process you did when you first named your business. You go to the Arkansas SOS, search for the name, check if the name is available to use if it is available, finalize it and proceed to the next step.

Step 2: Prepare Documents to File the Amendment

As soon as you are ready with the new business name, you must start preparing to file the Arkansas Amendment. Along with the name change form, you must submit the following details,

Current business name
New business name
The entity number of the business – issued by Arkansas state
Board of Directors’ approval statement (for corporations)
Information of shares (if applicable)
Signatures of members (LLC) or Shareholders (Corporation)
Arkansas amendment filing fee

You must submit the above-mentioned list of details to the Arkansas SOS while filing the new business name. Ensure the details you provide for the Amendment are consistent with the initial filing documents. Failing to do so might result in the cancellation of the registration.

Step 3: File the Arkansas Amendment

Once everything is arranged and checked, you can file the Amendment. You must amend Arkansas LLC Certificate of Organization for LLC or amend Arkansas Articles of Incorporation for the corporation. Remember, you must attach the name reservation form with the Amendment forms. You can file it online or by mail, whichever is available.

What Will Happen If I Change My Business Name in Arkansas

You can change the name of your business in Arkansas. You must file the Amendment for changing your name to the Arkansas Secretary of State. The process of filing the amendment is the same for an LLC and a corporation. However, the forms are different. The forms are available on the official website of Arkansas Secretary of State.

It is recommended to check if the name change is absolutely necessary. Because it can affect the whole business. In some cases, it is better to start a new Business than change the name of an existing one.
– LLCBuddy Editorial Team

Things to do After Filing the Arkansas Amendment

As soon as you are done with the filing process, you must update the new business name in other areas as well. Following are some points to consider after you change your business name in Arkansas-

Legal documents: Arkansas statement of information, loan documents, active legal contracts, or any other legal documents must be amended with the changed name.
Informing stakeholders: Ensure that you communicate the name change effectively to all your stakeholders, including employees, customers, suppliers, and partners in Arkansas.
City/local registration: Some cities/local authorities in Arkansas might need business registration. If your city has the same rule, then you must register your new business name with the city by submitting appropriate documents.
Business License: The business licenses you obtained previously to run a business in Arkansas have the current name of your business. Hence, you must update your new name with the proper department to obtain appropriate business licenses and permits.
Bank Accounts: It is obvious that all your business accounts in Arkansas have a current business name. Once you change the name, file the amendment, and pay the fees, you must update the bank accounts to avoid any inconvenience.
Internal Revenue Service (IRS): It is essential to update the IRS once you change your business name in Alabama. Neglecting to notify the IRS and other relevant entities may lead to confusion and disorganization within your business operations. It is absolutely necessary to amend with the IRS once you change the current business name in Arkansas. Failing to amend with the IRS or any other places results in confusion and disorganization of the business.
Others: If you have employees, you must inform the employment development authority of the name change. Additionally, it is important to update various business permits and other legal documents as needed.
Website: Finally, if you have a domain, update the name there to avoid confusion. Signage, visiting cards, merchandise, and any other places where your business name is mentioned should be updated. Changing the domain name will not be a good idea as it can affect your SEO results.

FAQs

How do I change my business name in Arkansas?

You must file a DBA (Doing Business As) form with the Arkansas Secretary of State.

Are there any fees associated with changing my business name in Arkansas?

Yes, there is a filing fee of $35 associated with filing a DBA in Arkansas.

Is there a specific format that I need to use when changing my business name in Arkansas?

Yes, you must use the exact form provided by the Arkansas Secretary of State.

Do I need to submit any additional paperwork when changing my business name in Arkansas?

Yes, you must provide a copy of your current business license, as well as any other documents required by the Arkansas Secretary of State.

How long does it take for my business name change to become official in Arkansas?

The Arkansas Secretary of State typically processes DBA applications within 7-10 business days.

Is there any way to expedite the process of changing my business name in Arkansas?

Yes, you may be able to request expedited processing with an additional fee.

How do I advertise my new business name in Arkansas?

You will need to place an advertisement in a local newspaper for two consecutive weeks.

Is there a specific amount of time that my advertisement must run in Arkansas?

Yes, you must run the advertisement for two consecutive weeks in a newspaper of general circulation in the county in which your business operates.

What is the best way to get the word out about my business name change in Arkansas?

You should leverage your existing customer base by sending out emails, postcards, or flyers informing them of your name change. You should also reach out to local media outlets and post the change on your website and social media pages.

Does my business name change affect my Arkansas tax obligations?

Yes, you may need to update your business registration or obtain a new tax ID number for your business name change to be recognized by the Arkansas Department of Finance and Administration.

Are there any other considerations to make when changing my business name in Arkansas?

Yes, you should ensure that your new business name isn’t already being used by another company, and that you are not infringing on any trademarks or copyrights. Additionally, you will need to update your business registration with the Arkansas Secretary of State.

How do I change the name of my business in Arkansas?

To change the name of your business in Arkansas, you must file an amendment to the Articles of Incorporation with the Arkansas Secretary of State.

What information do I need to provide when changing the name of my business in Arkansas?

You will need to provide the current name of the business and the proposed new name of the business. You will also need to include the address of the registered office, the date of the original filing, the date of the amendment, the type of entity, and the name and address of the registered agent.

How much does it cost to change the name of my business in Arkansas?

The cost to change the name of your business in Arkansas is $25.

How long does it take to change the name of my business in Arkansas?

The name change process typically takes two to three weeks in Arkansas.

Is there a name change form that I need to fill out in Arkansas?

Yes, an amendment to the Articles of Incorporation must be completed and submitted to the Arkansas Secretary of State’s office.

How do I check to see if my proposed business name is available in Arkansas?

You can check the availability of a business name in Arkansas by searching the business entity database of the Arkansas Secretary of State’s office.

Do I have to publish a notice about my business name change in Arkansas?

Yes, Arkansas law requires all name changes to be published in one or two newspapers of general circulation in the county in which your business is located.

Do I need to get a new business license if I change the name of my business in Arkansas?

Yes, you will need to apply for a new business license with the new business name.

Do I need to change my Federal Employer Identification Number (FEIN) if I change the name of my business in Arkansas?

No, you do not need to change your Federal Employer Identification Number (FEIN) when changing the name of your business in Arkansas.

Do I have to notify customers and vendors about my business name change in Arkansas?

Yes, it is best practice to notify customers and vendors of your business name change in Arkansas.

Do I have to update my business website with the new name if I change the name of my business in Arkansas?

Yes, it is best practice to update your business website with the new name.

How do I update my business logo or branding if I change the name of my business in Arkansas?

You will need to update your business logo or branding to reflect the new name. This may involve redesigning your logo or other branding materials.

Can I change the name of my business in Arkansas without informing the state?

No, you must submit an amendment to the Articles of Incorporation with the Arkansas Secretary of State in order to legally change the name of your business in Arkansas.

Do I have to update my bank accounts if I change the name of my business in Arkansas?

Yes, you will need to update all of your bank accounts with the new business name.

What paperwork do I need to submit to the Arkansas Secretary of State to change the name of my business?

You will need to submit an amendment to the Articles of Incorporation to the Arkansas Secretary of State.

Do I have to update my tax accounts if I change the name of my business in Arkansas?

Yes, you will need to update all of your tax accounts with the new business name.

Do I have to change my business address if I change the name of my business in Arkansas?

No, you do not need to change your business address when changing the name of your business in Arkansas.

Do I have to update my contractor’s license if I change the name of my business in Arkansas?

Yes, you will need to apply for a new contractor’s license with the new business name.

Do I have to update my insurance policies if I change the name of my business in Arkansas?

Yes, you will need to update all of your insurance policies with the new business name.

Do I have to change my domain name if I change the name of my business in Arkansas?

Yes, it is best practice to update your domain name to reflect the new business name.

Do I have to update my social media accounts if I change the name of my business in Arkansas?

Yes, it is best practice to update your social media accounts with the new business name.

Do I have to notify the Internal Revenue Service (IRS) if I change the name of my business in Arkansas?

Yes, you will need to notify the Internal Revenue Service (IRS) of your business name change in Arkansas.

Do I have to create a new business entity if I change the name of my business in Arkansas?

No, you do not need to create a new business entity when changing the name of your business in Arkansas.

Why Arkansas Change Business Name is So Important

A business name serves as the first and most lasting impression that a company makes on consumers. It is the identifying mark that sets a business apart from its competitors and conveys its values, mission, and message. In the case of a state like Arkansas, the business name carries even more weight, as it plays a crucial role in attracting investment, talent, and tourism to the state.

By changing its business name, Arkansas is signaling a fresh start and a commitment to rebranding itself in a more inclusive, modern, and forward-thinking light. This can have a profound impact on the state’s ability to attract new businesses, create jobs, and foster economic growth. A strong, compelling business name can serve as a magnet for investors and entrepreneurs who are looking for a dynamic and welcoming environment in which to do business.

Moreover, changing the business name can also enhance Arkansas’s image on a national and global scale. In today’s interconnected world, perceptions matter more than ever. A well-chosen business name can help build a positive reputation for the state, making it more appealing to tourists, students, and potential residents. It can create a sense of pride and identity among Arkansans and project an image of innovation, diversity, and progressiveness.

In addition to its economic benefits, the decision to change the business name also has significant cultural and social implications. Names have power. They can shape how people see themselves and how they are perceived by others. By choosing a business name that is inclusive, respectful, and reflective of the state’s rich history and diverse population, Arkansas is making a statement about its values and commitment to creating a more equitable and united community.

Some may argue that changing a business name is merely a symbolic gesture and that real change requires concrete actions and policies. While it is true that a business name alone cannot solve all of the state’s challenges, it can serve as a powerful catalyst for positive change. It can inspire new conversations, ignite creativity, and mobilize stakeholders to work together towards a common goal.

In conclusion, the decision to change Arkansas’s business name is not just a cosmetic rebranding exercise. It is a strategic move with far-reaching implications for the state’s economic, cultural, and social development. By choosing a business name that resonates with its aspirations and values, Arkansas is taking a bold step towards a brighter and more prosperous future.

Conclusion

It is not desirable to change business names frequently. But if it is required, you must change it. Whether you are rebranding or restructuring your company, this guide walks you through the essential steps to change your business name in Arkansas efficiently and effectively. The process of changing the name and filing the amendment form in Arkansas is not so difficult. However, a list of details is needed to submit. Make sure they all are accurate and consistent with the previous filing documents.