How to Change the Name of an LLC With the IRS

By Salvatore Jackson

A limited liability company, or LLC, is a form of business association that combines the pass-through taxation and flexibility of a partnership with the limited liability of a corporation. The Internal Revenue Service does not recognize LLCs for the purposes of federal taxation, instead classifying them as a corporation, sole proprietorship or partnership. If you have changed the name of your LLC, reporting your name change to the Internal Revenue Service generally only requires indicating this on the company’s yearly tax return.

A limited liability company, or LLC, is a form of business association that combines the pass-through taxation and flexibility of a partnership with the limited liability of a corporation. The Internal Revenue Service does not recognize LLCs for the purposes of federal taxation, instead classifying them as a corporation, sole proprietorship or partnership. If you have changed the name of your LLC, reporting your name change to the Internal Revenue Service generally only requires indicating this on the company’s yearly tax return.

Step 1

Determine if you need to apply for a new IRS Employer ID Number, or EIN. The IRS does not require you to obtain a new EIN if you merely change the name of your LLC. However, obtain a new EIN if your LLC’s name change is the result of a change in business organization, such as a conversion from a corporation to an LLC. If you must obtain a new EIN, apply online via the Internal Revenue Service's EIN Assistant (see Resources).

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Step 2

File a yearly Form 1120 as a corporation (see Resources). Check “Name Change” under Line E on Page 1. Form 1120 is the U.S. Corporation Income Tax Return, where a company must disclose yearly income and debts. Supply the new name of your company under Section A. You do not need to include the old name of your company. A company officer must sign the form.

Step 3

File a yearly Form 1120S as an S-corporation (see Resources). Check “Name Change” under Line H on Page 1. Supply the new name of your company under Section A. You do not need to include the old name of your company. A company officer must sign the form.

Step 4

File a yearly Form 1065 as a partnership (see Resources). Check “Name Change” under Line G on Page 1. You only need to supply the new name of your company, and a company officer must sign the form.

Step 5

File as a sole proprietor. Write a letter informing the IRS of the name change. Mail it to the IRS at the address where you file your yearly tax return. The IRS does not have an official notification form if you file as a partnership; however, a company officer must sign the letter notifying the IRS of the name change.

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References

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