Anyone planning to run a business in Nevada is required by law to obtain a business license. It is issued by the state and enables companies to function within its legal guidelines. The license is necessary for taxation and gives the government access to information about all companies doing business inside its borders. It also contributes to consumer protection by verifying that companies are functioning legally and in compliance with all regulations.
Getting a business license in Nevada is a rather simple procedure. Through the state’s Business License website, you can submit an online license application. The application procedure is straightforward, and the licensing cost is fair. Once you have received your license, you must renew it every year in order to comply with state laws. What is DBA, exactly?
The acronym DBA stands for “doing business as.” A business that conducts business under a name other than the one registered with the state is referred to by this legal term. If your name is John Smith and you run a company called “John Smith’s Photography,” for instance, you might decide to register your company as “John Smith DBA Photography” to make it apparent that you are operating under a different name. What County is Henderson, Nevada, in?
What Does it Mean to Form an LLC in a Series?
A special kind of limited liability organization called a “Series LLC” enables companies to create distinct “series” inside the LLC. Each series runs as a distinct legal entity with its own members, assets, and responsibilities. This structure limits liability and offers a more adaptable organizational structure by enabling enterprises to safeguard assets within each series.
Businesses that operate under a name other than the one that is registered with the state are referred to by the terms DBA and FBN, respectively. While FBN (which stands for “Fictitious Business Name”) is used in some states, DBA is utilized in others. Even if the terms could be different, the idea is the same: in order to continue adhering to state requirements, firms that operate under a different name must register with the state.
In Florida, a business that uses a name other than the owner’s or entity’s legal name is operating under a fake name. It must be registered with the Florida Department of State Division of Corporations and is also referred to as a “doing business as” (DBA) name.
You must submit a Trade Name Registration to the Nevada Secretary of State in order to obtain a DBA (Doing Business As) in that state. You can submit this using the SilverFlume portal online or by submitting a completed paper form. The enrollment cost is $25. A Trade Name Certificate that you can use to open a bank account, apply for business licenses and permits, and carry on business under your preferred trade name will be provided to you once your registration is authorized.