Trade Name Registration in Ohio: What You Need to Know

You may be familiar with the terms “trade name registration” or “doing business as” (DBA) if you intend to launch a business in Ohio. This basically entails filing a name other than your official business name with the state of Ohio. This is crucial since it enables you to operate your company under a different name and supports the development of your brand identity.

You must submit a paperwork to the Ohio Secretary of State’s office in order to register a trade name in the state of Ohio. This can be done by mail or online. Basic information about your company will be requested on the form, such as your legal business name, the new trade name you wish to register, and the type of company you operate. There is a cost as well, which is now $39, that you must pay.

Even while registering a trade name can be advantageous, there may be some downsides to take into account. A major drawback is that a DBA provides no legal protection for your company name. This implies that a different company may still operate under the same name, which may cause confusion among clients. Furthermore, you might not be able to register the name you intend to use if someone else has already done so.

So, is getting a DBA worthwhile? It largely depends on your company and your objectives. A trade name might be a smart choice if you want to build a strong brand identity and set yourself apart from rivals. However, if legal protection is your main concern, you might want to look into other options, such trademark registration.

You won’t have to submit a separate tax return for your trade name because a DBA is not a separate legal business for tax purposes. Instead, your legal business name will be used to disclose all earnings and costs.

Finally, it’s important to remember that registering a trade name is only one aspect of beginning a business in Ohio. Depending on your area and sector, you could additionally require a business license or permission. Depending on your area and the kind of business you’re launching, the cost of an Ohio business license varies. In general, you should prepare to spend $50 to $200 or more.

In conclusion, many firms may find it wise to register a trade name in Ohio, but it’s crucial to consider the benefits and drawbacks before taking this step. If you need advice on whether a DBA is appropriate for your company, think about speaking with a legal or financial expert.