Another name for a DBA is FFN, which stands for Fictitious Firm Name. The names “FFN” and “DBA” are synonymous in Nevada, therefore registering any one is equivalent to registering both.
In Nevada, there is no restriction on the number of DBAs a sole entrepreneur may have. However, you must register each DBA name separately and pay a different registration fee for each name.
A DBA does not constitute a different legal entity from the person or business using the name. It is merely a method for carrying on business under a name other than your legal name. In contrast, an LLC is a distinct legal structure that offers its owners limited liability protection as well as potential tax advantages.
1. Pick a name that is not being used in Nevada by another company.
2. Complete a Fictitious Firm Name form, which is available online or at the Nevada Secretary of State’s office. 4. Publicize the fake business name in a newspaper of general circulation in the county where your business is located at least once a week for three consecutive weeks. 3. Submit the form to the Secretary of State’s office and pay the filing fee. 5. Within 30 days of the final publication, submit an affidavit of publication to the Secretary of State’s office.
In conclusion, you must register a fake business name, often known as a DBA, if you intend to conduct business in Nevada under a name other than your legal name. A distinctive name must be selected, a form must be completed, a fee must be paid, the name must be published in a newspaper, and an Affidavit of Publication must be submitted to the Secretary of State’s office. Keep in mind that each DBA name needs to be registered separately because a DBA is not the same as an LLC.
In Nevada, a limited liability corporation (LLC) can be divided into different series, each of which has its own assets, liabilities, and shareholders. The assets of each series within the LLC are protected from the liabilities of the other series by operating as independent legal entities. Businesses with different product lines or investment vehicles may find this structure advantageous since it offers more flexibility and security.
The acronym DBA stands for “doing business as.” A business that conducts business under a name other than its legal name is referred to by this legal term. In other terms, it is a made-up name or a name that is used fraudulently by a company.