You must submit a Fictitious Name Registration Form to the Department of State in Pennsylvania in order to register a DBA. You must fill out the form with your name, address, company name, and a brief description of what your business does. A filing fee, which is presently $70, is additionally required.
It’s crucial to understand that a DBA offers your company no legal protection. You might want to think about establishing a Limited Liability Company (LLC) if you wish to shield your private assets from business debts and responsibilities.
What distinguishes an LLC from a DBA? While an LLC is a legitimate business entity that shields its owners from personal liability, a DBA is just a business name that is separate from your legal name. An LLC can assist safeguard your personal assets from corporate debts and liabilities while a DBA provides no legal protection.
How can I establish my own business in Pennsylvania? In Pennsylvania, all you have to do to establish a single proprietorship is to begin operating under your own name or a DBA. Operating as a sole proprietorship is not subject to any official registration requirements. Nevertheless, depending on the type of your firm, you might need to acquire particular licenses or licences. A lawyer or accountant should always be consulted to make sure you are adhering to all applicable rules and regulations.
In conclusion, a DBA can be a helpful tool for creating a brand identity even though it is not necessary to have one in order to run a business in Pennsylvania. Consider creating an LLC instead if you wish to shield your private assets from business obligations and responsibilities. Simply begin operating under your own name or a DBA and make sure you are abiding by all applicable laws and regulations to establish a sole proprietorship.