Form 504 Abandonment of Assumed Name Certificate
Form 504 provides a legal procedure for entities in Texas to officially abandon an assumed name. It details the steps and requirements to complete the form accurately. This document ensures that businesses comply with Texas law regarding the abandonment of a business name.
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How do I fill this out?
To fill out Form 504, start by entering the assumed name being abandoned and the date it was filed. Next, provide the legal entity name, the file number, and the office address as required. Ensure to complete all necessary sections to avoid processing delays.
How to fill out the Form 504 Abandonment of Assumed Name Certificate?
1
Enter the assumed name and date of filing.
2
Provide the legal name of the entity and its file number.
3
Fill in the office address in the jurisdiction of formation.
4
Complete the registered agent details if applicable.
5
Sign and submit the form as instructed.
Who needs the Form 504 Abandonment of Assumed Name Certificate?
1
Business owners in Texas looking to abandon an assumed name.
2
Limited partnerships that have previously registered an assumed name.
3
Foreign corporations that need to dissolve their assumed name status.
4
Entrepreneurs rebranding their businesses and discontinuing the use of an assumed name.
5
Legal representatives of a business entity wishing to formally abandon a name.
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What are the instructions for submitting this form?
To submit Form 504, mail the completed document in duplicate to the Secretary of State at P.O. Box 13697, Austin, TX 78711-3697. You may also fax it to 512-463-5709. Ensure that you include a filed fee of $10, payable by check, money order, or credit card. When faxing, include your credit card information as required.
What are the important dates for this form in 2024 and 2025?
Important dates include filing deadlines specific to the entity's operational changes. If an entity ceases operations, timely filing of an abandonment form is crucial to avoid legal repercussions. Keep an eye on local regulations for any updates as 2024 and 2025 approach.
What is the purpose of this form?
The purpose of Form 504 is to provide a legal mechanism for entities in Texas to officially abandon an assumed name under which they have been operating. This process helps to ensure accurate public records reflecting the current operational status of a business. Submitting this form prevents future liabilities associated with the use of a business name that is no longer in use.
Tell me about this form and its components and fields line-by-line.
- 1. Assumed Name: The name you wish to abandon.
- 2. Filing Date: The date the assumed name was originally filed.
- 3. Entity Name: The legal name of the entity abandoning the name.
- 4. File Number: The assigned number by the Secretary of State.
- 5. Office Address: The address of the principal office of the entity.
- 6. Registered Agent: Details of the registered agent in Texas.
What happens if I fail to submit this form?
Failure to submit Form 504 can lead to continued liability under the abandoned assumed name. This might also result in legal complications or confusion for customers. Proper submission is essential to clear any use of the abandoned name from public records.
- Legal Liability: Continuing to use an assumed name can create legal problems.
- Business Credibility: Failing to formally abandon a name can mislead customers.
- Fees or Penalties: Not submitting the form may result in additional fees.
How do I know when to use this form?
- 1. Rebranding: When a business changes its name and wants to abandon the old one.
- 2. Dissolution: For entities that are ceasing operations.
- 3. Change of Business Model: When the business structure changes leading to name abandonment.
Frequently Asked Questions
How do I download Form 504?
You can download Form 504 by filling it out in the PrintFriendly editor and clicking the download button.
Can I submit Form 504 online?
Form 504 must be mailed or faxed to the Secretary of State as per the submission guidelines.
What is the filing fee for Form 504?
The filing fee for Form 504 is $10.
Where do I send Form 504 after completing it?
Send the completed form to the Secretary of State, P.O. Box 13697, Austin, TX 78711-3697.
Is a notary needed for this form?
Yes, if you're filing the form with the county clerk, it must be notarized.
What happens if I submit incorrect information?
Submitting incorrect information may delay processing and require a resubmission.
Can I edit my form before submitting?
Yes, you can edit the form using PrintFriendly's PDF editor before submission.
Do I need an attorney to fill out Form 504?
While it's not required, consulting an attorney may help ensure all information is accurate.
Can I abandon multiple assumed names using one form?
No, form 504 is specific to one assumed name only.
How soon will I get confirmation of my submission?
Confirmation usually occurs within a few business days after submission.
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