Choosing a name for your business is one of the first choices you will need to make when starting a new venture. Instead of using a trade name, some business owners could decide to incorporate their company under a number. This choice is frequently made for a variety of reasons.
Privateness is one of the key reasons a businessperson could decide to establish under a numerical name. The public won’t be able to quickly recognize the company’s owner if the name is given a number. People who do not want their personal information to be made public may find this useful.
A numerical name may be simpler to get, which is even another benefit. Trade names can already be in use or might need more paperwork and money to register. Contrarily, it is frequently less complicated to incorporate under a numbered name.
It is significant to remember that establishing under a numerical name does not exclude the company from using a trade name. A business may have both a numerical name and a trade name, with the trade name being used exclusively in business transactions. The company’s legal name will however continue to be its numbered name.
Now, to address the linked queries, it is possible to add “Inc” to a DBA, however it may be subject to state restrictions. You might be required to use certain terminology in some states rather than “Inc,” such as “Corporation” or “Limited.” To find out the precise requirements, it is best to contact the office of business registration in your state.
The answer to the question of whether an LLC can have a DBA is yes. An LLC is allowed to set up a DBA and use a trade name. For LLCs that desire to operate under a name other than their legal name, this may be advantageous.
Depending on the type of LLC and the filing procedure chosen, incorporating an LLC in Washington State might be expensive. For online filing, the price might be between $200 and $250, while paper filing can cost between $180 and $230. Additionally, there can be extra charges for faster services or additional products.
Finally, the particular requirements and objectives of your firm will determine whether you should pick an LLC or a sole proprietorship. Unlike sole proprietorships, which are easier and less expensive to set up, LLCs provide liability protection and tax flexibility. It is advised that you speak with a legal or financial expert to choose the best course of action for your company.