When King James I started paying Shakespeare's bills Shakespeare's Acting troupe changed its name to The King's Men.
The acting company to which Shakespeare belonged for most of his working life was called The Lord Chamberlain's Men from 1594-1603, and The King's Men after that. Shakespeare was not the troupe's leader, but rather a partner.
The Lord Chamberlain's Men played at the Globe. They changed their name to the King's Men in 1603.
Troupe
There is no evidence that Shakespeare changed his name. He received a Coat of Arms for his father which enabled him to be Gentleman, but his name did not change.
When King James I started paying Shakespeare's bills Shakespeare's Acting troupe changed its name to The King's Men.
The acting company to which Shakespeare belonged for most of his working life was called The Lord Chamberlain's Men from 1594-1603, and The King's Men after that. Shakespeare was not the troupe's leader, but rather a partner.
The Lord Chamberlain's Men played at the Globe. They changed their name to the King's Men in 1603.
Troupe
There is no evidence that Shakespeare changed his name. He received a Coat of Arms for his father which enabled him to be Gentleman, but his name did not change.
Shakespeare changed the name of his acting company to the King's Men in 1603 after King James I ascended to the throne. This change reflected the company's new status as the king's official theatrical troupe, which granted them royal patronage and increased their prestige. The association with the monarchy also provided greater protection and opportunities for performances, aligning their work closely with the interests of the new king.
The Theatre, and the Curtain in Shoreditch, north of the Thames
The Globe Theater is the only playhouse built in 1599 in which Shakespeare's plays were performed.
King's Men
He did not.
troupes worked with a troupe of traveling actors
Shakespeare did not make the change. Even if the company could have the right to change the name, Shakespeare did not have the right to speak for the company--Richard Burbage was its leader not Shakespeare. The name was changed by King James I. When he came to the throne, he took over patronage of the company. When the patron changed, the name changed.