Purpose Amendment
Anytime you change information included in your company's articles of incorporation or articles of organization, you typically need to file an Article of Amendment. When the business purpose of a Corporation, Limited Liability Company (LLC), Limited Partnership (LP) or Limited Liability Partnership (LLP) changes and the company's formation documents include a detailed purpose clause that consequently needs to be updated, filing a purpose amendment may be required in states where your company conducts business.
The amendment certifies that changes to the business purpose were completed as required by law with consent of the appropriate individuals within the company. Legal requirements vary by state and entity type. For example, business purpose changes for a corporation may require consent of the incorporator, the company's board of directors or its shareholders.
BizFilings' service includes the preparation of an Article of Amendment; shipping of the document to you for signature, in cases where a signature is necessary; and filing of the Article of Amendment document for your business with the appropriate state office.
Pricing
BizFilings' fee for a purpose amendment is $139 + state fees. Typical timeframes for a purpose amendment is 4-6 weeks.
If you would like to obtain your amendment filing sooner, BizFilings offers an expedited processing for an additional $115. With expedited processing, BizFilings sends the Article of Amendment to you for signature via FedEx 2Day delivery. We also ship your company's approved amendment document via FedEx 2Day after receiving it from the state office. Typical completion time for an expedited filing is 2-3 weeks.
FAQs
Q. What is an Article of Amendment?
A. An Article of Amendment is a document filed with your state of formation, or if applicable with any states in which your company has foreign qualified to transact business, to enact a specific change to the information included in your company’s formation or qualification documents.
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Q. Can you help me file a purpose amendment if I didn’t for my company with BizFilings?
A. Even if you didn’t place your original formation order with BizFilings, we can prepare and file the necessary purpose amendment documents for your business in any state.
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Q. What information do I need to have before I place my order to file a purpose amendment?
A. When ordering your purpose amendment with BizFilings, please have the following general information ready:
- The new detailed business purpose language
- State of formation
- Entity type
- Company name
- Formation date
- Current business purpose
- Company contact information
- Director(s) name(s) & address(es) (for corporations)
- Officer(s) name(s) & address(es) (for corporations)
- Member(s) or Manager(s) name(s) & address(es) (for LLCs)
- Partner(s) name(s) & address(es) (for LPs and LLPs)
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Q. What is a general-purpose clause? Can I change my purpose if I have this listed?
A. The majority of the states allow for a general-purpose clause, such as “all lawful business,” to be used within formation and foreign qualification documents, and there are a few states that do not require any business type to be listed. In cases where a specific business purpose was included, listing the type of business your company would undertake, and you want to change the type, this can be done through an Article of Amendment. If the general-purpose was listed, or no specific type listed, you can change the purpose of the business with out notifying the state office.
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Q. When do companies need to file a purpose amendment?
A. A company would file a purpose amendment when a specific business purpose was included in your formation document, listing the type of business your company would undertake, and you want to change the type.
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