Legal Question in Business Law in New York
Business Name Change
I am changing the name of my business and have an outstanding loan with a bank do I need to notify them and sign new documents.
Asked on 3/14/03, 1:19 pm
1 Answer from Attorneys
David Slater
David P. Slater, Esq.
Re: Business Name Change
I assume you are a sole proprietorship dba under a trade name. If so, you do not have to notify them unless your loan agreement so specifies, since you are still liable for the debt.
Answered on 3/14/03, 1:24 pm
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