A company may need to get a Certificate of Good Standing from each state where it intends to conduct business if it intends to grow its activities there. To guarantee that the company can run smoothly in the new state, it is crucial to plan ahead and request the certificate well in advance of any growth plans.
If a company intends to conduct business under a name other than its legal name, it can also be required to file for a Doing Business As (DBA) name in addition to a Certificate of Good Standing. An LLC is permitted to use more than one DBA, but it’s crucial to check to see whether any other companies in the state are already using the names.
It’s crucial to think about how a name will affect branding, marketing, and search engine optimization when selecting one for an LLC or DBA. These efforts can be aided by a name that is catchy, simple to say, and pertinent to the goods or services offered by the company.
A DBA user is also referred to as a lone proprietor or a false name. It is significant to remember that using a DBA does not afford the business owner any legal protection and does not offer the same level of liability protection as an LLC.
Depending on the state’s requirements, obtaining a DBA usually takes a few weeks. A form must typically be submitted to the state, a fee must be paid, and a notice of the new name must be published in the local paper.
An important document that certifies a company’s legal standing in a state is a Certificate of Good Standing, to sum up. It is good in Minnesota for 60 days following the date of issuance. An LLC may operate under more than one DBA, but it’s crucial to check whether the names are available. The branding and marketing strategies should be taken into account when selecting a name. A DBA user is also referred to as a lone proprietor or a false name. Depending on the criteria of the state, getting a DBA often takes a few weeks.