Yes, a DBA is necessary in Maryland when a person or company wants to use a name other than their legal name. This covers single traders, partnerships, businesses, and limited liability companies. A DBA registration ensures that the public can recognize the owner of the company or entity and offers legal protection.
In Maryland, the fee to file a DBA varies by county. The cost ranges from $25 to $50 in most counties. To find out the precise cost, applicants should contact the county where the business is located. It is crucial to remember that the DBA registration only lasts for five years before needing to be renewed. How Do I Register a DBA Under a Maryland LLC?
A DBA must also be registered with the state of Maryland if an LLC wishes to use a name other than its legal name. The Maryland Department of Assessments and Taxation website allows for online completion of the procedure, which is rather straightforward. The applicant must complete a trade name application, submit all required paperwork, and pay the required price. The distinction between an LLC and a DBA is explained here.
An LLC is not the same thing as a DBA. A DBA is merely a name that a person or company uses to carry on business, whereas an LLC is a legal entity that is distinct from its owners. A DBA does not offer liability protection for its owners like an LLC does. An individual or company should think about establishing an LLC or corporation if they want to give their company its own legal identity. Does Maryland Require the Registration of a Trade Name?
In order to use a name other than their legal name, individuals or companies must register their trade name with the state of Maryland. If you don’t, you risk fines and legal repercussions. It is crucial to understand that setting up an LLC or corporation and registering a trade name are two different things. Only the name itself is legally protected by a trade name registration; the corporate organization is not included.
In conclusion, when a person or business desires to use a name that is different from their legal name, they must establish a DBA in Maryland. The Maryland Department of Assessments and Taxation website allows for online completion of the procedure, which is rather straightforward. Each county has a different filing fee, and the registration is only good for five years. It is crucial to understand that a DBA only offers legal protection for the name itself, not the business entity, and is not the same as an LLC or corporation.