Business Owner Name Change

If you re the current owner of a business name and you need to transfer it to a new owner complete the following steps.

Business owner name change. Go to asic connect and log in to your account. The new owner will need a new employer id number ein which is given by the irs. How to change business acct owner name i administer ebay program for a non profit organization in richmond va but i will surely not stay in this role forever.

Select the lodgements notifications tab at the top of the asic connect page. Scenario 1 you own a small consulting business that is an llc. Your business ownership may change if you are selling your business transferring it to a family member or adding a new partner.

You ve decided to bring on a new business partner so you can expand your business. Someday i will be promoted fired retired or deceased. How to transfer a business name.

You can do this by either creating a new product website and filing a trademark and or filing a doing business as name dba or fictitious business name for your existing corporation or llc if you are an incorporated company or filing an additional dba if you are organized as a partnership or sole proprietor. Several important business documents will need to be created for the new business. Link your business name to your account with your asic key if you haven t already.

Let s take a look at two scenarios involving a change in ownership with one for a limited liability company and the other for a corporation. If you re adding a new partner you ll need to make sure you update your business details. The specific action required may vary depending on the type of business.

In most cases a change of business ownership involves the end of one business and the beginning of another. When approved it means your company will operate under its new name. In regard to a business owner name change you must notify state authorities if you wish to change your company name.