You can conduct a search in the Business Registry Database of the Oregon Secretary of State to determine whether a business name is available in Oregon. You can search for already registered business names in this database and see their registration status. If the name you want is already in use, you’ll have to pick another name or change your preferred name to make it distinctive.
It’s crucial to pick a name for your business in Oregon that both effectively conveys your brand and is simple for people to remember. Additionally, your company name should be distinct and not overly similar to that of other companies in your field. A name that is accessible as a domain name for your website is another smart move.
You have the option to cancel your registration at any moment if you register a business name but ultimately decide not to use it. But remember that registering a business name does not grant you the sole right to use it. If another company is already using a name that sounds similar to yours, they may be able to sue you to prevent you from using it.
It is significant to remember that creating a Limited Liability Company (LLC) differs from establishing a DBA name. An LLC offers liability protection and tax advantages because it is a separate legal entity from its owners. These advantages are not offered by registering a DBA name; rather, it merely allows you to conduct business under a different name.
In conclusion, every business operating in Oregon under a name other than the owner’s legal name must register a DBA name. It is crucial to pick a name that truly describes your brand and is both distinctive and memorable. Remember that registering a business name does not grant you the same legal protections as creating an LLC and does not grant you the only right to use the name.
In Oregon, forming an LLC costs $100.