Change is part of growing up. The same is true for businesses. Sometimes, change is necessary to help the business grow. When that happens, you have to be ready to handle the responsibilities as an owner.
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The state of Pennsylvania requires all businesses to report any changes that they make to the items that are originally listed on the Articles of Incorporation/Organization. To do this, your company has to go through the amendment process and submit the proper paperwork to the Department of State.
Generally, filing an amendment is necessary when a Pennsylvania company decides to make changes that will affect its business structure.
A. Changing The Company Name –
If you think that changing the name of your Pennsylvania LLC is necessary, you have to make sure that it goes through the legal process. Submit an amendment to the Department of State. Then, make sure you also update the records of your LLC with the state and government.
If your Pennsylvania corporation also wants to operate under a new name, you have to inform the Department of State. It requires you to file an amendment. Additionally, you also need to change the name of your corporation on the records with the state and government.
B. Changing Members Of The Business –
Pennsylvania requires LLCs to submit a list of all members and managers as part of the Articles of Organization. You have to provide their names, addresses, and contact information. If there are changes in any of these pieces of information, you have to report it to the state through an amendment form.
The state also requires Pennsylvania corporations to submit a list containing information about the officers and directors when they file the Articles of Incorporation. That is why your company has to inform it of any changes to the names, addresses, or contact information of these officials. Use the amendment form to do this.
C. Changing Address Related To The Business –
An LLC in Pennsylvania may move its office to a new location. When that happens, you have to make sure that all the necessary documents addressed to the company reach your LLC. You have to inform the state about the changes by filing an amendment.
The state has to know the operating address and registered office of your Pennsylvania corporation. This way, it can send all legal documents to the proper place. So, if your company has to move, inform the Department of State through an amendment.
D. Changing Contact Information –
Pennsylvania LLCs have to make sure the Department of State can reach them. That is why you should report any changes to your contact information. The state requires a registered agent to serve as its point of contact with your LLC. You can inform the state of any changes using an amendment. However, it is best to file a Certificate of Change of Registered Office form if the only change is to the registered agent’s information.
Corporations also have to do the same thing. Inform the Department of State if you change your contact information so they can easily communicate with your company. Generally, the state forwards all communication through your registered agent. If there are any changes regarding the agent, you have to file a Statement of Change of Registered Office form and pay $70.
E. Changing The Number Of Shares That A Corporation Is Authorized To Issue – Pennsylvania LLCs do not issue shares. This change does not apply to them. Meanwhile, Pennsylvania corporations have to file an amendment if they intend to change the number of shares that they are authorized to sell.
