New Certificate of Assumed Name Statutes
North Carolina has revised its law regarding the use of assumed business names. The new Article 14A of Chapter 66 in the NC General Statutes became effective December 1, 2017. This new law allows for a five-year transition period for all pre-existing assumed business name filers to re-file an assumed business name certificate under the statute to preserve the effectiveness of their assumed business name designation.
This means that by December 1, 2022, required filers must be in compliance.
The new law allows for filing at the register of deeds office but establishes a statewide, online, searchable database at the North Carolina Secretary of State’s office for assumed business name filings. Filers can designate multiple counties for conducting business in a single filing. The completion of the assumed name certificate is simplified as it does not require notarization. The new statute also requires that filers update information regarding their assumed business name within 60 days of any change of name.
At Shipman & Wright, we’re here to help. If we can assist you with entity formation, business agreements or business filings and compliance, contact us. Problem Solved!