If you’re beginning a business, you may have heard of a DBA or “fictitious name.” A DBA is a name used to do business that differs from the company’s legal name. If your legal name is John Smith and you want to operate a coffee shop with the name “Brewed Awakening,” for instance, you’ll need to register “Brewed Awakening” as a DBA.
What about a company identification number, or EIN? An EIN is a special nine-digit number given to a corporate organization by the IRS. If you hire people, run a company, LLC, or partnership, or withhold taxes from income paid to nonresident aliens, you’ll need an EIN. Obtaining an EIN for your DBA is as follows:
1. Determine whether you require an EIN: As previously indicated, you require an EIN if you hire people, conduct business as a partnership, LLC, or corporation, or if you withhold taxes from nonresident aliens’ pay. You might not require an EIN if you’re a lone entrepreneur and don’t employ anyone.
2. Obtain an EIN: You can obtain an EIN via phone, fax, mail, or online. Applying online at the IRS website is the most convenient and quick method. After submitting the free application online, you’ll obtain your EIN right away.
3. Provide the required information: When requesting an EIN, you must include details about your company, such as its legal name, address, and its legal form (sole proprietorship, partnership, LLC, corporation, etc.). As the business’s legal owner, you must also supply your name and social security number.
4. Obtain your DBA: You must register your DBA with your state or local government before you may utilize it. State-specific regulations may differ, but generally speaking, you’ll need to submit a form and pay a charge. Once your DBA has been authorized, you can use it to start a business, create a bank account, and apply for licenses and permits.
Then, can an LLC operate under a different name? Yes, a DBA, or doing business as, allows an LLC to operate under a different name. To do this, as previously said, you must register the DBA with your state or local government.
What is a DBA’s process? You can conduct business under a name other than the one listed as your company’s legal name with the aid of a DBA. It’s frequently utilized by business owners who wish to employ a memorable company name rather than their own name. You must include your legal name, address, and the name you intend to use for your business when registering your DBA. How can I set up a business in Utah that is from another state? You must register with the Utah Division of Corporations and Commercial Code as a foreign corporation if you operate a business in Utah but have it registered in another state. A Certificate of Authority must be submitted, along with a cost.
Does Utah need a registered agent in this case? Yes, all companies in Utah are required to have a registered agent. A registered agent is a person or organization that receives court summonses and other legal notices on your company’s behalf. The registered agent must be accessible during business hours and have a physical address in Utah where they can receive legal documents. You have the option of acting as your own registered agent or working with a reputable registered agent firm.
Finally, obtaining an EIN for your DBA is a simple procedure that can be done online. Before using your DBA, don’t forget to register it with your state or local government. If you’re running a business in Utah, also make sure to register as a foreign corporation and have a registered agent.
A company entity that is incorporated in a different state or nation from where it actually conducts business is known as a foreign for-profit corporation. Because it is seen as “foreign” by the state or nation where it conducts business, it is frequently referred to as a foreign corporation. In order to lawfully conduct business, foreign for-profit corporations must register with the state or nation where they intend to operate and receive the required licences and licenses.