Selecting a business structure is one of the initial choices that must be made when beginning a firm. Due to its flexibility and protection from personal liability, limited liability companies (LLCs) are frequently chosen by business owners. You must file a Doing Business As (DBA) name application if you decide to run your LLC under a different name.
A DBA name is a name that your LLC uses for commercial reasons and is different from its legal name. It is sometimes referred to as a trade name or fictitious name. If, for instance, your LLC is formally known as “Smith Enterprises, LLC,” but you conduct business under the name “Smith’s Sweets,” you must register “Smith’s Sweets” as a DBA name.
Your LLC can gain from using a DBA name in a number of ways. It can assist in creating a distinctive brand identity, facilitate online customer discovery, and enable you to diversify your product or service offerings. Additionally, registering a DBA name can assist in preserving the legal standing of your LLC and averting potential legal problems.
The process of registering a DBA name in Ohio is rather straightforward. A registration form can be submitted to the Ohio Secretary of State’s office online or by mail. In Ohio, it costs $39 to register a DBA name. Every five years, you must renew your registration.
You must also register a DBA name if you are a sole owner in Ohio and want to use a name other than your given name. The state has already registered your LLC name, therefore if you decide to form an LLC, you do not need to file a DBA name.
There are various procedures you must follow if you are opening a new business in Ohio. You must first decide on a type of business entity, such as an LLC or a sole proprietorship. The Ohio Secretary of State’s office must first receive your business registration, and you must then get all relevant licenses and permits. Additionally, you’ll need to file for taxes and buy insurance to safeguard your company.
Conclusion: For LLCs wishing to create a distinctive brand identity and safeguard their legal standing, employing a DBA name might be a useful tool. If you run a sole proprietorship in Ohio, you must additionally register a DBA name in order to do business under a different name. Make sure to take all the essential precautions when opening a business in Ohio to ensure that you are doing so legally and that your enterprise is protected.
In Ohio, you must take the following actions in order to launch a small business: Select a business structure: Determine whether you wish to register as a corporation, LLC, partnership, or sole proprietorship. 2. Pick a name: Select a name for your company and make sure it is available by contacting the Ohio Secretary of State’s office.
3. Register your business: File an application for a business license or permit with the Ohio Secretary of State’s office. 4. Obtain an EIN: Contact the Internal Revenue Service (IRS) to obtain an Employer Identification Number (EIN). Open a business bank account:
5. To separate your personal and corporate finances, open a separate bank account for each. Set up a trustworthy accounting system to maintain tabs on your finances.
6. Establish accounting and bookkeeping.
7. Obtain any insurance that may be required: Depending on the nature of your business, insurance may be required.
8. If you want to hire staff, you must register with the Ohio Department of Job and Family Services and acquire worker’s compensation insurance.
9. Meet tax obligations: Register with the Ohio Department of Taxation and acquire any required sales tax permits. After completing the previous steps, you can launch your firm and begin providing services to your clients.