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Ken Weiner
  • Rental Property Investor
  • Los Angeles, CA
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How was your experience renaming an LLC?

Ken Weiner
  • Rental Property Investor
  • Los Angeles, CA
Posted Jun 30 2018, 10:34

Has anyone renamed an LLC?

I have a California LLC that holds title to my rental properties. The name of my LLC bothers me because it includes the street address of my first property. I was originally going to put every new property into a new LLC, but have since changed my mind. I am thinking about renaming the LLC now, but I have a feeling it is going to be a painful process since I have multiple bank accounts associated with the LLC at Bank of America and they told me I would have to close all the existing accounts and get new ones. I think I'll also need to update W9's with property managers, automatic deposits and payments, my insurance companies, etc.

I did already create a DBA for the business, so I'm aware of that option, but still, I'd ultimately like to just rename the LLC since I don't want it's name to show up anywhere.

I'd love to hear about your experience if you've gone through this process before.