Filing for a DBA: What You Need to Know
If you have a small business or are planning on starting one, you may have performed some research on how to legally file a company name. One of the most common types of filings for sole proprietors of small businesses is a “Doing Business As” (DBA). DBA filing requirements are not overly difficult, and it is important to file your business name for many reasons. A DBA also comes with specific benefits.
Reasons and Benefits for Filing for a DBA:
- If a business is registered under your own name but you wish to operate using a more specific, business-oriented name, you will file a DBA
- A DBA ensures that other newly established businesses in your state may not be able to operate under the same name.
- Filing for a DBA is not as costly as seeking to incorporate your business
- Banking transactions are easier with a DBA
- You can choose a name specific to the market you wish to target
- You can apply for credit and operate banking accounts using your business name designated under a DBA
DBA filing requirements can vary from state to state. It is important that you fully understand the laws of your state in regards to DBA filing requirements to ensure that your paperwork is completed and filed correctly. Doing so will keep your company name protected, as well as establish who is ultimately responsible for the business.
For assistance with DBA paperwork preparation, contact the team at We The People. We have been helping individuals file for a DBA for over 25 years. In order to fully comprehend the document and complete it correctly to save time, money and stress, seek the best advice available. We the People offers low cost, accurate, legal document preparation, along with our expert advice, saving you the expense of retaining the costly services of a lawyer.
DBA Paperwork Preparation: What to Expect
When you are seeking to file a DBA, you may find that your state places specific restrictions on what type of name you might use. You will also need to determine if the name is already in use by another company. However, if your industry is a different one than the other company using the name you desire, it may still be possible to use it.
A DBA also requires renewal every few years, but there is no charge associated with renewal. After filing the DBA, it will undergo a review process. Once approved, you will receive documentation informing you of any final instructions you may need to follow before the procedure is complete.
If you need help understanding DBA filing requirements and require assistance with the DBA paperwork preparation, contact We the People today.
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