For a sole proprietor who runs several enterprises or provides various goods and services under several brand names, having multiple DBAs might be advantageous. A sole proprietor who operates a photography business and also provides graphic design services, for instance, could utilize various DBAs for each company to distinguish their services.
It’s crucial to remember that every DBA needs to be registered with the proper government body. The Ohio Secretary of State’s office is where sole proprietors in Ohio can register their DBAs. Every five years, the registration must be renewed and costs $39 per DBA.
A fictional name and a trade name are practically the same thing in Ohio. Both speak of a name a company may employ in addition to its official name. A trade name or fictional name is used to enable a business to conduct operations under a name other than its legal identity. It’s crucial to remember that a company cannot utilize a trade name or fictitious name that is already in use by another company in Ohio. Consumer confusion is to be avoided, and current enterprises’ trademark rights are to be safeguarded.
Depending on the type of business entity, different fees are associated with Ohio business registration. A formal registration procedure is not necessary for a sole proprietorship. However, there is a $39 per DBA registration fee that must be paid to the Ohio Secretary of State’s office if a lone owner wishes to conduct business under a DBA name.
The following are the registration costs in Ohio for other kinds of business entities: Limited Liability Corporation (LLC): $99 – Business: $99
Limited Liability Partnership (LLP): $125; Limited Partnership (LP): $99 Businesses may additionally need to pay a license or permit cost in Ohio in addition to the registration charge, depending on the type of business and the region. It’s crucial for business owners to do their homework and comprehend all of the requirements and costs related to launching and running a company in Ohio.