How Long is a DBA Good for in Indiana?

How long is a DBA good for in Indiana?
How Long Does an Indiana DBA Last? Any “”doing business as”” name registration has an effective lifespan of five years from the date it’s filed with the Indiana Secretary of State.
Read more on incorporationguru.com

“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.

Are Sole Proprietorship and DBA the Same Thing?

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.

What Separates a Sole Proprietorship from a Self-Employed 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.

How Can a Sole Proprietorship Obtain a DBA?

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.

How Do I Register a Sole Proprietorship in Indiana With Regard to This?

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.