You must submit a DBA (doing business as) form to the state of Pennsylvania if you run a business and wish to conduct operations under a name other than your official business name. You can advertise your brand and conduct business under a DBA, which is a legal name. But how much does it cost in Pennsylvania to register a DBA?
Depending on the county you operate in, Pennsylvania’s DBA filing fees change. The charge ranges from $50 to $100 in various counties, but it is often around $50. It’s critical to review the county-specific price structure before submitting your DBA. You can get this information by getting in touch with the county clerk’s office in your area or by going to their website.
A DBA has several drawbacks even if it might be a cheap way to advertise your company. The fact that a DBA offers your company no legal protection is one of its main disadvantages. A DBA doesn’t establish a unique legal entity, unlike an LLC or a corporation. This implies that you can be held personally accountable for any damages if your company is sued. Speaking of LLCs, is it possible for one to have a DBA? Yes, a DBA is permissible for an LLC. In actuality, a lot of LLCs decide to operate under a DBA because it gives their company a more recognizable and marketable name. It’s crucial to keep in mind that if you’re an LLC using a DBA, you must continue to be registered as such. This entails submitting annual reports and paying applicable state fees.
So what does Pennsylvania think of an LLC? An LLC is a type of business entity that shields its owners from certain liabilities. This implies that your personal assets are shielded from loss in the event that your LLC is sued. An LLC also offers tax flexibility and lets you decide how to tax your firm.
The Pennsylvania Department of State must receive a Name Reservation/Registration Form from an LLC owner who wants to change the name of their company. This service will cost you $70. You must file Articles of Amendment with the Department of State after your new name has been authorized. The cost of this service is also $70.
In conclusion, registering a DBA in Pennsylvania might be a cheap approach to advertise your company. It’s crucial to consider the drawbacks, such as a lack of legal protection. If you’re an LLC owner, you can still use a DBA as long as you keep your LLC status intact. Last but not least, be ready to shell out $70 for the Name Reservation/Registration Form and the Articles of Amendment if you want to rename your LLC.
An LLC may be taxed in Pennsylvania as a corporation or a partnership. An LLC with one member is automatically taxed as a sole proprietorship, while an LLC with several members is taxed as a partnership. However, LLCs have the option to elect to be taxed as corporations by submitting IRS Form 8832 and getting state permission.