Q: Can a not for profit corporation change their name without disolving the corporation and starting over?
They would like a name that better describes the location.
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A:
Yes, a not-for-profit corporation can change its name without dissolving and starting over. This process typically involves amending the corporation's articles of incorporation to reflect the new name.
The specific steps to change the name will depend on the state in which the corporation is registered. Generally, you will need to check with the state’s corporation commission or secretary of state's office to ensure the new name is available and not already in use by another entity.
Once you have confirmed the availability of the new name, the corporation will need to file an amendment to its articles of incorporation with the appropriate state agency. This usually involves filling out a form and paying a filing fee.
Additionally, it's important to update the corporation's name with any other government agencies or entities it interacts with, such as the IRS, especially if it has 501(c)(3) status, and any state or local tax authorities.
It's also advisable to notify donors, clients, and other relevant parties of the name change to ensure continuity and maintain the corporation's relationships and reputation.
Remember, while the process is straightforward, it's important to follow the specific legal requirements of your state to ensure the name change is legally recognized and effective.
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