“Doing Business As” is the definition of a DBA. It is a word used in law to describe a company that trades under a name other than the one that is listed on its state registration. A DBA in Indiana is valid for five years before needing to be renewed. The specifics of DBA renewal in Indiana and associated inquiries regarding sole proprietorship and self-employment will be covered in this article.
A sole proprietorship is a company that is owned and operated by one person. Sole owners sometimes utilize a DBA to conduct business under a different name than their own. A DBA and a sole proprietorship are not the same thing, though. Since a sole proprietorship is a legal entity, the owner is responsible for paying all debts and responsibilities incurred by the company. On the other hand, a DBA is only a name that the company uses to conduct business.
A person who works for himself rather than as an employee of another is said to be self-employed. All sole owners, independent contractors, and freelancers fall under this category. A sole proprietorship is a particular form of self-employment where one individual owns and manages the business.
You must file a Certificate of Assumed Business Name with the Indiana Secretary of State in order to obtain a DBA for a sole proprietorship in Indiana. You can obtain this form online or via mail. The registration is valid for five years, and the filing price is $20.
You must submit a Business Entity Report to the Indiana Secretary of State in order to register a sole proprietorship in Indiana. This form can also be obtained by mail or online. The registration must be renewed every two years, and the filing price is $10.
A DBA is valid in Indiana for five years before needing to be renewed. A sole proprietorship is a legal entity where the owner is individually liable for all debts and liabilities of the business; it is not the same as a DBA. An individual who works for themselves, especially sole proprietors, is said to be self-employed. A Certificate of Assumed Business Name must be filed in order to obtain a DBA for a sole proprietorship in Indiana, and a Business Entity Report must be filed in order to register a sole proprietorship.