It is a very common thing for a business to pivot once it gets going.
You can change your corporation name in Canada with ease. Read on to discover the complete corporate name change guide here. After all, when you’re a new business owner, chances are that you don’t know a lot about the industry. Try as you might to do market research beforehand, the simple truth of the matter is that you won’t have a solid fundamental understanding of the market until you enter in.
Consequently, many businesses end up changing their products and services, which in turn necessitates a corporate name change.
If you’re a pivoting entrepreneur trying to find out how to change your corporation name, you’re in the right place. Read on.
How to Change Corporate Name
The answer to the question of “can a corporation change its name” is dependent on the particular location of your business. Some regions won’t allow you to change a legal entity’s name, and you’ll have to re-register the business under the new name in order to get the government to recognize the business as such.
But if you’re in Canada, then you’re in luck. Changing the name of your corporation is a relatively simple process.
Firstly, you’re going to have to write up an Article of Amendment. This is similar to the Articles of Incorporation that you may have written when you first incorporated your business into a legal entity.
Alongside those documents, you will also need the number of your corporation which should have been auto-generated when you incorporated the business. This number is the legal identifier of the business — as long as you have the number, you should be able to make an unlimited number of changes to the company’s name.
Last but not least, you have to file these documents with your local legal office.
Finding the Right Name
One important thing to note as you embark on the journey of changing your corporation’s name is that you can’t change your company’s name to one that is the same as or excessively similar to an existing organization’s.
However, sometimes you could accidentally change your name to such an organization without even knowing it. To avoid this unfortunate situation, leverage a free nuances search tool to find all of the business names that are similar to your new one.
If you do try to file Articles of Amendment with a name that is too similar to an existing one, then those articles are likely to be rejected. Save yourself the trouble (and the money) by doing the search ahead of time to ensure that you are free and clear.
Completely Change Your Corporation Name
There you have it. Now that you know how to complete a corporate name change in Canada, you should be all set to ensure that your business can pivot in its industry to a new name and/or product as necessary.
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