A business that does business under a name other than the owner’s legal name is referred to as “Doing Business As” (DBA) in legalese. Although a DBA is not legally necessary in Michigan, it can be useful for companies that want to operate under a name other than their registered business name. What does a DBA mean in Michigan?
A DBA in Michigan is a legal designation that permits a company to operate under a name other than the owner’s legal name. It is sometimes referred to as a fictional name or an assumed name. In Michigan, operating under a different name to avoid confusion or to increase brand recognition is not required by law, although doing so can be beneficial for businesses.
A DBA and an LLC are two separate kinds of corporate entities. A business that conducts business under a name other than the owner’s legal name is referred to as a DBA in legalese. The owners of an LLC, on the other hand, are protected from unlimited liability and have their personal assets kept separate from those of the corporation.
The demands and objectives of the business determine whether a DBA or an LLC is the best option. A DBA can be a preferable option if the business owner wants to operate under a different name. An LLC might be a preferable option, though, if the owner wants to safeguard their personal assets and have minimal liability protection.
In Michigan, the fee to establish a DBA varies according to the county where the company is located. The cost ranges between $10 and $25 in most counties. Some counties could charge extra fees, including for printing a notice of the DBA in a neighborhood paper.
A business owner must submit a “Certificate of Assumed Name” to the county clerk’s office in the county where the business is situated in Michigan in order to obtain a DBA. The business name, owner information, and any other details required by the county must all be included on the certificate.
In conclusion, a DBA might be helpful for companies that want to operate under a different name even though it is not legally necessary in Michigan. The demands and objectives of the business will determine whether a DBA or LLC is best for it. A business owner must file a “Certificate of Assumed Name” with the county clerk’s office in the county where the business is situated in order to obtain a DBA. The cost of registering a DBA in Michigan varies based on the county.
In relation to this, how long is a DBA valid for