Can a Corporation Have Multiple DBA?

A company may use several DBAs or trade names, just like any other type of business entity. A DBA, or “doing business as” name, enables a company to conduct business under a name other than its legal name. Reaching new markets and building a brand can both benefit from this. However, while using several DBAs, there are a few crucial things to bear in mind.

A corporation may indeed use several trade names or DBAs. Each DBA must, however, be registered with the proper municipal and state authorities. This guarantees that the company is operating legally and in accordance with all relevant rules and regulations. The corporation must also make sure that no DBA violates any already-existing trademarks or intellectual property rights. Can There Be Two Owners of a DBA?

Multiple people may possess a DBA, but each one of them needs to be listed on the registration form for the DBA. As a result, all owners are guaranteed to have equal rights and obligations with regard to running the company under the DBA. It is significant to remember that the owners of a DBA are also liable for any obligations and liabilities incurred by the company operating under that name. Can More Than One DBA Be Used Under One EIN? A corporation is permitted to use more than one DBA under the same EIN, or employer identification number. However, the corporation must make sure that it is conducting business under each DBA’s right legal name and that each DBA is registered with the necessary state and municipal authorities. This may need the firm keeping more records and completing more paperwork.

Although it is not necessary, it is advised that each DBA have its own bank account. This can assist with maintaining records and tracking spending for each DBA independently. Additionally, it can aid in preventing confusion and guaranteeing that money is not mixed up among several DBAs used by the organization.

A company may use various DBAs or trade names, but it is crucial to make sure that each one is registered with the appropriate authorities and does not conflict with any already-existing trademarks or intellectual property rights. Additionally, the organization may decide to create a separate bank account for each DBA. Each DBA must also keep its own records and manage its own spending.