How to Change Business Name in Virginia

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 Virginia, popularly known as The Old Dominion, 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 Virginia, you must follow specific regulations the Virginia state government sets. The current population of the so-called The Old Dominion is 8,820,504. Changing the name of your existing business in any city (especially in the capital, Richmond) 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 Virginia involves three major steps. In this article, I have shared how to change a business name in Virginia. To learn everything about changing a business name, I recommend you read the whole article till the end.

On this page, you’ll learn about the following:

Reasons to Change a Business Name in Virginia
- Things to Consider Before Changing Your Business Name in Virginia
How to Change a Business Name in Virginia
Things to do After Filing the Virginia Amendment
FAQs

Reasons to Change a Business Name in Virginia

Rebranding: A business may want to change its name in Virginia 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 Virginia 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 Virginia 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 Virginia 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 Virginia 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 Virginia 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 Virginia changes ownership, the new owners might change the business name.

Things to Consider Before Changing Your Business Name in Virginia

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 Virginia 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 Virginia.
Name availability: Search the Virginia 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 Virginia.
Customer perception and loyalty: Consider how your current customers in Virginia 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 Virginia 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 Virginia.
Maintaining continuity: Consider maintaining continuity with your old name during the transition period and address any potential confusion among customers and clients in Virginia.
Tax implications: Consult with a tax professional to understand any tax consequences or implications of changing your business name in Virginia.
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 Virginia

Changing your business name in Virginia 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 Virginia 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 Virginia 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 Virginia 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 Virginia state
Board of Directors’ approval statement (for corporations)
Information of shares (if applicable)
Signatures of members (LLC) or Shareholders (Corporation)
Virginia amendment filing fee

You must submit the above-mentioned list of details to the Virginia 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 Virginia Amendment

Once everything is arranged and checked, you can file the Amendment. You must amend Virginia LLC Articles of Organization for LLC or amend Virginia 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 Virginia

You can change the name of your business in Virginia. You must file the Amendment for changing your name to the Virginia 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 Virginia 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 Virginia 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 Virginia-

Legal documents: Virginia 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 Virginia.
City/local registration: Some cities/local authorities in Virginia 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 Virginia 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 Virginia 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 Virginia. 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 Virginia?

In order to change the name of a business registered in Virginia, you must file an Amendment to the Articles of Organization with the State Corporation Commission (SCC). This can be done through their website, by mail, or in-person.

Is there a fee to change the name of my business in Virginia?

Yes, there is a fee of $25 to file an Amendment to the Articles of Organization with the SCC.

Is there a required form for changing my business name in Virginia?

Yes, you must submit the SCC-13 form for changing the name of your business. This form can be found on the website of the State Corporation Commission.

What documents are required to change the name of my business in Virginia?

In order to change the name of your business, you must submit the SCC-13 form, along with the Amendment to the Articles of Organization, and the filing fee of $25.

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

It typically takes about four to six weeks for the State Corporation Commission to process your request.

Can I change the name of my business in Virginia online?

Yes, you can file an Amendment to the Articles of Organization with the SCC online through their website.

Is it necessary to notify the IRS when I change the name of my business in Virginia?

Yes, it is important to notify the IRS of any changes to your business name. This can be done by filing a Form 8822-B with the IRS.

Do I need to file any additional paperwork to change the name of my business in Virginia?

Yes, you may need to file additional paperwork with the local government, depending on the type of business and where it is registered.

Does changing the name of my business in Virginia affect my taxes?

Yes, it is important to notify the IRS of any changes to your business name, as it may affect your taxes.

Are there any restrictions on changing the name of my business in Virginia?

Yes, certain rules and restrictions may apply when changing the name of your business in Virginia. It is important to check with the State Corporation Commission for any applicable restrictions.

Are there any other steps I should take when changing my business name in Virginia?

Yes, it is important to notify other government agencies, such as the Department of Taxation, of any changes to your business name. It is also important to update your website and other branding materials with your new business name.

How do I update my registered agent information when changing my business name in Virginia?

You must file an Amendment to the Articles of Organization with the State Corporation Commission, which will include updated information for your registered agent.

Do I need to update my trademark when changing the name of my business in Virginia?

Yes, it is important to update your trademark with your new business name, as it is part of the legal identity of your business.

What are the legal requirements for changing the name of my business in Virginia?

You must file an Amendment to the Articles of Organization with the State Corporation Commission and pay a fee of $25. Additionally, you must notify other government agencies, such as the Department of Taxation, of the change.

Can I change the name of my business in Virginia without notifying the government?

No, you must notify the State Corporation Commission and other government agencies of any changes to your business name.

Is it necessary to notify my customers when I change the name of my business in Virginia?

Yes, it is important to notify your customers of any changes to your business name, as it can affect their relationship with you.

How do I update my business license when changing the name of my business in Virginia?

You must file an Amendment to the Articles of Organization with the State Corporation Commission, which will include updated information for your business license.

Does changing the name of my business in Virginia affect my employees?

Yes, it is important to notify your employees of any changes to your business name, as it can affect their employment status.

How do I change the address for my business in Virginia?

You must file an Amendment to the Articles of Organization with the State Corporation Commission, which will include your updated address.

Do I need to re-register my business with the State of Virginia after changing the name?

No, you do not need to re-register your business with the State of Virginia after changing the name. However, it is important to update your information with the State Corporation Commission.

Do I need to update my website when changing the name of my business in Virginia?

Yes, it is important to update your website with your new business name, as it is part of the legal identity of your business.

What should I do if I want to dissolve my business in Virginia?

To dissolve a business registered in Virginia, you must file a Certificate of Dissolution with the State Corporation Commission. This can be done through their website, by mail, or in-person.

How do I change the name of a limited liability company in Virginia?

To change the name of a limited liability company in Virginia, you must file an Amendment to the Articles of Organization with the State Corporation Commission. This can be done through their website, by mail, or in-person.

How long does it take to process an amendment to the articles of organization in Virginia?

It typically takes about four to six weeks for the State Corporation Commission to process an amendment to the Articles of Organization.

What is the fee to file an amendment to the articles of organization in Virginia?

The fee to file an Amendment to the Articles of Organization with the SCC is $25.

What should I do if I want to merge my business in Virginia?

To merge a business registered in Virginia, you must file an Amendment to the Articles of Organization with the State Corporation Commission. This can be done through their website, by mail, or in-person.

What happens if I don’t file an amendment to the articles of organization in Virginia?

If you do not file an Amendment to the Articles of Organization with the SCC, then your business name will not be changed and you will not be able to take advantage of any benefits associated with the name change.

What is required to change a business name in Virginia?

To change a business name in Virginia, you must complete, sign, and file a Certificate of Amendment with the Virginia State Corporation Commission.

How much does it cost to change a business name in Virginia?

The cost to change a business name in Virginia is $10.

How long does it take to change a business name in Virginia?

It typically takes about 1-2 weeks for a business name change to be processed in Virginia.

Does changing a business name in Virginia require any additional paperwork?

Depending on the type of business entity, additional paperwork may be required to change the business name in Virginia.

Is it necessary to update any other records when changing a business name in Virginia?

Yes, all other records that list the business name, such as banking information and contracts, should also be updated when changing a business name in Virginia.

Are there any restrictions on the type of name that can be used for a business in Virginia?

Yes, the name must not be the same as or too similar to any existing business name in Virginia.

Why Virginia Change Business Name is So Important

The old name, “Virginia Business Entity Database,” is narrow and exclusionary. It fails to recognize the diverse range of businesses and entrepreneurs that make up the state’s economy. By contrast, the new name represents a more welcoming and inclusive approach. It signals that Virginia is a place where all businesses, regardless of size, industry, or ownership, are valued and supported.

Moreover, the decision to change the name reflects a broader cultural shift towards greater sensitivity and awareness of the impact of language and symbols. In recent years, there has been a growing recognition of the ways in which words and images can marginalize and harm certain groups of people. By making this change, Virginia is signaling its commitment to creating an environment that is welcoming and inclusive to all.

The timing of this decision is also significant. In a time of increasing polarization and division, symbols matter more than ever. They have the power to unite or divide, to foster understanding or to perpetuate prejudice. By choosing to change the name of its business entity, Virginia is sending a message that it is committed to building a more inclusive and equitable society.

It is important to remember that names matter. They are not just words on a page; they are symbols that carry meaning and significance. They shape our perceptions of the world around us and influence the way we interact with one another. By changing the name of its official business entity, Virginia is taking a concrete step towards creating a more inclusive and equitable society.

In conclusion, the decision by Virginia to change the name of its business entity is an important and necessary move. It reflects a growing recognition of the power of language and symbols in shaping our perceptions of history and identity. By choosing a name that is more inclusive and welcoming, Virginia is sending a message that it is committed to building a more equitable and just society. It is a small step, but one that has the potential to have a significant impact. Let us hope that other states and organizations will follow suit and make similar changes in the spirit of progress and inclusivity.

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 Virginia efficiently and effectively. The process of changing the name and filing the amendment form in Virginia 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.