In doing business, there comes a time when you realize that it is time to make some changes. No matter what the reason is, a company owner has to understand the process that the entity has to take. You have to make sure that all changes are well-documented with the state.
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Any major changes in your organization have to be reported to the state. You can do this by filing the proper paperwork. For items that are originally listed on the articles of your company, you will have to file for amendment.
Company owners decide to file an amendment due to various reasons. But, in California, any changes related to the formal entity structure of businesses require the filing of an amendment.
A. Changing The Company Name –
There comes a time when an LLC decides to operate under a new name. The reason for this depends on the direction that the owner wants the company to follow. If you choose to do this, you have to submit an amendment with the state to let them know about your plan. Additionally, you may need to update all state and government records of your LLC.
California corporations may also choose to do business using a new name. This decision has to be reported to the state. File an amendment form and change the name of your company on all its state and government records.
B. Changing Members Of The Business –
California does not allow changes to the members or managers of LLC using an amendment. Instead, you will have to file a Statement of Information form.
California corporations cannot change any information on their officers and directors through the amendment form. You have to use the Statement of Information form.
C. Changing Address Related To The Business –
California does not allow you to make changes in your LLC office/mailing addresses using an amendment. You will have to use the Statement of Information.
The same is true for corporations in California. You cannot amend the office and/or mailing addresses of your company using the amendment form. The Statement of Information form will be the right one to use.
D. Changing Contact Information –
The state has to have a way to reach your LLC. So, if you change your California LLC contact information, you have to let the state know. The form comes with a cover sheet. Put the phone number of the contact person for your LLC.
The same rule applies to corporations. If you change the contact information of your company, you have to report it to the state by filing an amendment. This will ensure that your corporation remains accessible for any legal queries. The amendment form for corporations also needs a cover sheet where you are expected to write the phone number of the contact person of your company.
E. Changing The Number Of Shares That A Corporation Is Authorized To Issue – LLCs cannot issue stocks. So they do not have to worry about this change. However, corporations are a different case. If your organization has issued shares of stocks, you can change the number of shares you are authorized to issue through a California amendment.
