Although it’s an exciting effort, starting a business involves a lot of legal paperwork. Filing a DBA (Doing Business As) or fictitious name registration is one of the most crucial processes in the formation of a S corporation. This enables you to conduct business under a name other than your given name. A step-by-step tutorial for submitting a DBA for a S Corp is provided here.
Step 1: Select a company name You need to pick a business name before submitting a DBA. Your S Corp name needs to be original and available for usage. Using the business entity search tool provided by the Secretary of State, you can see if your preferred business name is available. You can move on to the following stage once you’ve decided on your company name.
You must submit Articles of Incorporation to the Michigan Department of Licensing and Regulatory Affairs (LARA) in order to register your S Corp in Michigan. Online or mail-in filing is an option. Basic information about your company, including the name, registered agent, and corporate purpose, must be provided. There is an incorporation charge, which varies based on the corporation type and filing method.
After establishing your S Corp, you can submit a DBA to conduct business under a different name. A Certificate of Assumed Name must be submitted to LARA in order to file a DBA in Michigan. Your S Corp name, the proposed DBA name, and the description of your business must all be included on the form. Depending on the county in which your firm is located, a DBA filing fee applies. After submitting your DBA, you must post a notice in a local newspaper for three weeks straight. This is step four. You must mention your S Corp name, DBA name, and business address in the notice. Affidavits of publication must also be submitted to the county clerk’s office.
What should the name of my S Corp be? Choosing a name for your S Corp might be difficult because it needs to be distinctive, memorable, and legal. You should think about the following factors when selecting a name: Make sure the name is not already in use by another company. Avoid names that are too similar to those of already existing companies. Choose a name that accurately describes your company. Verify that the name is accessible as a domain name for your website. How do I incorporate in Michigan keeping this in mind?
The Michigan Department of Licensing and Regulatory Affairs (LARA) must receive your Articles of Incorporation before your business can be legally established in Michigan. Basic information about your company, such as the name, registered agent, and corporate purpose, must be included on the form. There is a charge to incorporate, which varies based on the type of corporation and filing method, and you can do it online or by mail. How can I convert my LLC into a S Corp? You must submit Form 2553 to the IRS in order to convert your LLC into a S Corp. You can request that the IRS tax your LLC as a S Corp by submitting this form. You must satisfy a number of prerequisites, such as holding only one class of shares and having less than 100 shareholders. A tax expert should be consulted as well to help you decide if this is the right course of action for your company. What are some instances of corporations?
Corporate examples include: Apple Inc., Microsoft Corporation, Amazon.com, Inc., Coca-Cola Company, Ford Motor Company, General Electric Company, McDonald’s Corporation, Nike, Inc., The Procter & Gamble Company, Walmart Inc. are just a few of the companies mentioned. To sum up, registering a DBA for a S Corp is a crucial step in starting a firm. You are able to register your S Corp, submit a DBA, and run your business under a different name by following the procedures explained in this article. Make sure the name you choose is distinctive, memorable, and consistent with the law. Consult a lawyer or tax expert if you have any questions about the procedure.