Yes, an LLC must submit a Certificate of Assumed Name to the Michigan Department of Licensing and Regulatory Affairs if it plans to conduct business in Michigan under a DBA name. The legal name of the LLC, the DBA name, and the type of business operating under the DBA name must all be listed on this certificate.
No, a DBA and an LLC cannot share the same name. While an LLC’s legal name is registered with the state, a DBA name is regarded as an assumed name. Therefore, it’s crucial to pick a distinctive DBA name that hasn’t been registered in Michigan by another company. Which is preferable, an LLC or a DBA?
Depending on the particular requirements and objectives of the firm, a DBA or an LLC should be chosen. For a company that wants to conduct business under a name other than its legal name, a DBA is a simpler and more affordable solution. A DBA does not, however, offer the same legal safeguards as an LLC, such as protection from personal liability and tax flexibility. If a company wants to shield its owners from personal liability and has a more complicated organizational structure, an LLC is a preferable choice.
Depending on the kind of registration, registering a business name in Michigan might be expensive. A DBA name registration costs $10 a year. The initial filing fee of $50 and the annual report charge of $25 are required to register an LLC. It is significant to remember that extra charges can be necessary for expedited processing or other services.
You must first register your LLC with the state of Michigan in order to operate as an LLC DBA there. A Certificate of Assumed Name, sometimes referred to as a DBA, can be submitted to the Michigan Department of Licensing and Regulatory Affairs (LARA) once your LLC has been registered. You can use this form to run your LLC under a different name.