DBA is an abbreviation of Doing Business As. It’s a legal term which refers to assumed name, fictitious name or trade name of some business. DBA is a kind of declaration that lets the business entities and individuals to adopt an assumed name for their business and still doing the things in a legal way. DBA filing has certain importance for businesses as it also allows them to perform different business related things under their assumed names. They can accept and make payments under that name; they can advertise as well as they can open new bank accounts too. Businesses can also avoid frauds and scams using an assumed name as it’s illegal to use another name without properly documenting the things for it.
People often ask why they need to file a DBA for their business. Well, there are certain things which make it essential for your business to file a DBA. For instance, if you own sole proprietorship, you can use the name of the business rather than your own name. Similarly, you don’t need to develop formal entity like partnership, corporation and even LLC. Instead of having different business entities, multiple businesses can be done with legal entities.
In Franchise businesses DBA filing becomes essential as such statements are widely used in these businesses. The franchise can run the business by utilizing the brand name, but apart from that they also have their own name.
More often, people reckoning DBA filing a nagging task, but you need to keep in mind that DBA filing is not that difficult and things become a lot easier when you do it online. All you need to do is to answer the given questionnaire. Now your questionnaire is reviewed and processed. But in many areas, the owner of some business is required to issue a notice for their intention of operating using a fictitious name. Particularly business owners in California have to declare that in newspaper.
Certain online sources can help you get a better understating of DBA filing and LLC formation. You can get all the essential information utilizing these online sources. If you are looking for some way or have some queries regarding DBA filing, you definitely need to make the most of these sources as they can help you know all the essential things that you want to know about DBA filing.
If you file DBA in an appropriate manner and utilize the fictitious name, it can become a robust tool for branding and advertising of some business. Those who are serious about developing a home business, the thing you need to consider first is to make sure that you have done all the essential things for DBA filing.
Filling out the DBA certificate, getting the DBA notarized and filing the DBA are some important steps that you need to follow when filing a DBA in a proper way. Searching for a proper business name is another important aspect but most people seem to ignore that aspect