Georgia is one of the states in the US that is the most business-friendly and has a clear procedure for registering a trade name. When a business owner wishes to conduct business under a name other than their legal name, they use a trade name, sometimes referred to as a Doing Business As (DBA) name. The price of registering a trade name in Georgia, as well as other pertinent issues, will be covered in this article. In Georgia, how much does it cost to register a business name?
A commercial name registration in Georgia costs $25. When submitting the registration documents, this fee must be paid to the Georgia Secretary of State. You have the option of registering online or by mail. It is crucial to remember that registering a trade name does not provide the business owner with any sort of legal protection. So as to have legal protection, it is advised to register for a trademark or service mark. How many DBAs is an LLC permitted to have?
If an LLC is registered with the Georgia Secretary of State, it is permitted to have more than one DBA. It is crucial to understand that registering a DBA does not establish a new legal organization. As a result, any business using an LLC or DBA is regarded as a separate legal entity.
There is no particular registration procedure for sole proprietorships in Georgia. However, a sole proprietor must pay $25 to register a trade name with the Georgia Secretary of State if they want to use it to conduct business. How much does it cost to register a sole proprietorship online? It costs $100 to file the Articles of Organization with the Secretary of State if the lone proprietor wishes to create a Limited Liability Company (LLC).
As previously stated, there is no unique registration procedure in Georgia for sole proprietorships. To use a trade name, however, the sole proprietor must register it online with the Georgia Secretary of State. The procedure entails completing an online registration form, paying a $25 registration fee, and submitting the form. Do sole practitioners require a business checking account?
A business bank account is not required by law for sole owners. To keep personal and corporate finances distinct, having one is advised. Additionally, this makes keeping track of income and expenses for tax purposes simpler.
To sum up, registering a trade name in Georgia is a straightforward procedure that can be completed online or by mail. Registration is $25 and does not come with any kind of legal protection. To receive legal protection, it is advisable to register a trademark or service mark. If a sole owner wants to use a name other than their legal name to conduct business, they can also register a trade name. Having a business bank account is also advised for sole entrepreneurs to keep personal and business finances separate, even if it is not legally required.
Once your Trade Name (DBA) has been registered with the Secretary of State’s office, you are not obliged to renew it in Georgia. The Trade Name is valid once registered until it is cancelled or revoked. However, it is crucial to keep in mind that the Trade Name registration must be updated with the Secretary of State’s office within 30 days if any changes are made to the information supplied in the initial registration, such as adjustments to the firm address or ownership structure.