Certificate of Amendment

Often times as companies grow, their original by-laws and operating agreements become outdated. Maybe the company needs to issue more shares of stock? Or maybe it is time for a name change? 

An amendment to your Corporation or Limited Liability Company is a formal filing with the state of registration that officially changes details of your business structure. Amendments can be very simple or very complex.n.  

Examples:

Name change: If you decide your company name no longer describes your business instead of forming a whole new corporation or LLC, you can elect to simply "amend" the name

Stock change: When you need to raise additional capital to expend your corporation, you can issue stock. The amount of authorized stock can be increased by filing an amendment with the state. The price for stock amendments vary for each company. 

Change in Directors or Members: If one of the directors or members listed on the Articles of Incorporation or Organization leaves, or a new one is added, you can update that information by filing an amendment. 

Filing an amendment does not change your Federal Tax ID, since your company is still the same legal entity. However, the Internal Revenue Service (IRS) must be notified of any name amendments

Find the answers to all of your major incorporation questions in our new eBook