Checking to see if your ideal business name is available is one of the first steps you should do if you intend to launch a business in Idaho. The Secretary of State in Idaho is in charge of keeping the state’s business registry up to date. Fortunately, a free tool to verify the availability of a business name is accessible on the Secretary of State’s website.
Visit the Secretary of State’s website and select the Business Services option to see if a business name is available. Choose “Business Entity Search” and type the required business name from there. The results of the search will include both a list of companies with names similar to the one you entered and any companies with the exact name you entered. If nothing comes up, the name is probably still available.
It’s crucial to understand that a company name is not necessarily legitimate just because it is accessible. Idaho law may restrict or forbid the use of particular names. Furthermore, employing a similar name may violate another company’s intellectual property if that company has trademarked it.
It is advised to speak with a business counsel if you are unsure whether your intended company name is acceptable. They are able to guide you through the legal formalities and make sure your company name complies with Idaho legislation.
A DBA (Doing Business As) is another name for an assumed business name or trade name in Idaho. When a company wants to conduct business under a name other than its legal name, it is used. A DBA in Idaho is valid for five years after it is registered. It must then be renewed for it to remain in effect.
You must submit a Trade Name Registration form to the Secretary of State’s office in Idaho in order to register a DBA. The enrollment cost is $25. You will obtain a certificate of registration once you have registered, which you can use to open bank accounts and carry on business under the fictitious name.
In conclusion, using the online search tool provided by the Secretary of State makes it easy to determine whether a potential business name is already in use in Idaho. However, before using your chosen name, be sure it is legitimate and in accordance with Idaho law. Additionally, you must register a DBA with the state if you want to conduct business using a name different than your legal name.
The fee to file a DBA (Doing Business As) varies by county in Idaho and may cost between $25 and $100. To find out the precise price, it is advised to contact the county clerk’s office in the county where the business will be situated.
You can submit an online application through the Internal Revenue Service (IRS) website to obtain an Employer Identification Number (EIN) in Idaho. Additionally, you can apply by phone, fax, or mail. But the quickest and simplest way to get an EIN is to apply online. Once you have your EIN, you may use it to register your business, file your taxes, and create a business bank account.