You might choose to use a business name other than your given name if you’re a lone proprietor or partner in Maryland. In this situation, you must submit a DBA (Doing Business As) form to Maryland. But how much does it cost in Maryland to register a DBA? Find out by reading on.
In Maryland, the fee to register a DBA varies based on the county where you intend to conduct business. Usually, the price is between $25 and $50. To find out the precise cost, contact your neighborhood county clerk’s office.
Although sole proprietors and partnerships are not required by Maryland law to establish a DBA, it is a good idea to do so if you intend to conduct business under a name other than your own. You can create a distinct corporate identity and safeguard your personal assets by registering a DBA.
You must submit a DBA if you currently have an LLC in Maryland and wish to operate under a different name. The steps are as follows:
2. Submit a trade name application: The Maryland Department of Assessments and Taxation must receive your trade name application. 3. Obtain a tax identification number: If your LLC doesn’t already have one, you’ll need to apply for one with the IRS. 4. Refresh your company’s records: The business records for your LLC must be updated to reflect the new trade name once your DBA has been filed.
The person or business that files a DBA is not a different legal entity from the one that does so. You can simply conduct business using a different name. In contrast, an LLC is a distinct legal entity from its owners. It permits pass-through taxation and offers liability protection.
Depending on the county where you intend to conduct business, the fee for registering a trade name for a single proprietorship or partnership ranges between $25 and $50. The fee is $100 to register a corporation or LLC.
To sum up, registering a DBA in Maryland is a quick and inexpensive process that can aid in creating a distinct business brand for you. Depending on the county, a DBA can be filed for anywhere between $25 and $50. You must file a DBA and amend your business documents if you already have an LLC but want to operate under a different name. A DBA and an LLC offer varying levels of liability protection and tax advantages, so it’s critical to grasp the differences between the two.
Yes, you must register your firm with the state of Maryland if you run a sole proprietorship there. The Maryland Department of Assessments and Taxation (SDAT) must receive a trade name or “Doing Business As” (DBA) filing as part of the registration process.
Yes, in general, you must register your business with the state of Maryland if you wish to conduct business there. If you intend to conduct business using a name other than your official business name, you must also file for a DBA (Doing Business As). To prevent fines and legal issues, it’s crucial to adhere to state registration regulations.