When entrepreneurs decide to make changes to their New Jersey companies, they have to be ready to handle the responsibilities that come with said changes. As a business owner, you have to make sure that everything is well-documented with the state.
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The amendment process is something a company has to go through in case it makes any changes to the information reported on the Articles of Incorporation/Organization. To formalize the changes, your company has to file the proper paperwork with the state.
New Jersey requires all businesses to file an amendment if the changes they want to adopt will affect the formal entity structure of the business.
A. Changing The Company Name –
If a New Jersey LLC decides to operate under a new name, it has to undergo the process that the state has set. To do this, your company has to file an amendment with the Division of Revenue. It is also necessary to update all the records of your LLC with the state and government.
There are cases when New Jersey corporations decide to use a new name. No matter what the purpose is, your company will have to go through the legal process, which is filing an amendment. Your corporation also has to change the company name on all its records with the state and government.
B. Changing Members Of The Business –
Sometimes, the members and/or managers of an LLC change. Since your Articles of Organization contain their names, contact information, and addresses, you will have to inform the state of any changes. You can file an amendment or change the information when your LLC files its annual report.
Corporations in New Jersey also list the names, contact information, and addresses of their officers and directors on the Articles of Incorporation. The record of the state should be updated. You can do this by filing an amendment or reflect the changes in the company’s annual report.
C. Changing Address Related To The Business –
When your New Jersey LLC moves its office location, you have to make sure you inform the state. Report the changes in the LLC’s operating address and registered office. You can either file an amendment or include the changes in the annual report.
Any changes in the operating address or registered office of your corporation have to be reported to the state. You can do this using an amendment or reflect the changes in the annual report.
D. Changing Contact Information –
You have to always keep the Division of Revenue updated about the contact information of your New Jersey LLC. This way, it can easily reach your company. If the changes are related to your registered agent, you can either file an amendment or include the changes on the annual report.
If there are changes in the contact information of your New Jersey corporation, make sure you let the Department of Revenue know. This way, they will have access to your company in case it has legal queries or concerns. Since the point of contact for the state is your registered agent, you also have to inform them of any changes related to the agent. Use the amendment form or update the information on the annual report.
E . Changing The Number Of Shares That A Corporation Is Authorized To Issue – Since LLCs do not issue stock, they do not have to think about this amendment. However, New Jersey corporations have to follow this rule. If your company decides to make changes to its authorized stock, you will have to inform the state about the plan to legalize and formalize the changes with an amendment.