How Much Does It Cost to File a Business Name Change in Delaware?

Changing a business name in the state of Delaware can be a complex process, but it is crucial for businesses that wish to differentiate themselves or adapt to new market conditions. This article aims to provide a comprehensive guide on the cost and procedures involved in filing a business name change in Delaware, focusing on Limited Liability Companies (LLCs) and corporations.

The Cost of Changing a Business Name in Delaware

One of the most significant factors to consider when changing a business name in Delaware is the cost. The state requires you to file Form 22 with the Delaware Division of Corporations to officially change the name of your LLC or corporation. The filing fee for this form is $220 USD. Additionally, if your business holds any licenses or permits under the old name, you will need to apply for new ones using the new business name. These might come with associated fees as well.

Additional Expenses to Consider

While the state filing fee is just one part of the cost associated with changing a business name in Delaware, several additional expenses should be taken into account:

Update Your Business Licenses and Permits: Depending on the nature of your business, you may need to update your licenses and permits. The cost will vary based on your industry and the specific requirements of your state. Renew Your Delaware Business Entity: Changes to the name might require you to renew your entity with the Delaware Division of Corporations to reflect the new name. There may be a reorganization fee applicable. Redesign Your Branding and Marketing Materials: Your business name is a critical component of your brand identity. To ensure brand consistency, you will need to update your website, marketing materials, and any other brand-related items. The costs for these updates can vary widely, depending on your company's specific needs.

Steps to Change a Business Name in Delaware

Here is a step-by-step guide on how to change a business name in Delaware:

Search for Availability: Before making any changes, consult the Delaware Secretary of State's website to ensure that the desired name is available. Some names may be already registered or trademarked. File Form 22: Complete Form 22 with the required information, including the new name and address. Submit the Application: Send your completed form via the Delaware Division of Corporations website, in-person, or by mail, along with the filing fee. Update Business Records: Once your name change is approved, update all internal and external records to reflect the new name. Contact Third Parties: Notify key business associates, suppliers, and customers about the name change as soon as possible to avoid confusion. Rewrite Your Articles of Incorporation or LLC Agreement: If the name change affects the legal structure, revise the original articles accordingly.

Final Thoughts

The process of changing a business name in Delaware can be daunting, but with careful planning and adherence to the required steps, it can be managed effectively. The cost to file a business name change in Delaware is primarily in the form of the filing fee, but other expenses should be considered as well.

By following the steps outlined in this article, you can ensure a smooth transition to your new business name. If you find the process overwhelming, consider seeking the assistance of a professional legal advisor to guide you through the process.