A business that conducts business under a name other than the owner’s legal name is known legally as a DBA (Doing Business As). A DBA is also referred to in Nevada as a “Fictitious Firm Name” or “Trade Name.” When a business owner wants to run their company under a different name for branding or marketing reasons, they often employ a DBA. However, the validity of a DBA in Nevada is frequently unclear to many business owners.
A DBA in Nevada is legitimate for five years after it is registered. The DBA must be renewed every five years in order to keep using the trade name after that time. The trade name could be terminated if the DBA is not renewed. As a result, the company owner won’t be permitted to continue using the trade name for their enterprise.
Another question is: What distinguishes an LLC from a DBA? A DBA does not shield the business owner from liabilities because it is not a legal entity. An LLC (Limited Liability Company), on the other hand, is a type of legal company that offers liability protection for business owners. In contrast to a DBA, an LLC is taxed independently from the business owner. Furthermore, establishing an LLC costs more money and necessitates more paperwork than a DBA.
You can also inquire about the cost of a Washoe County business license. Depending on the sort of business and the location, Washoe County business license fees change. In Washoe County, the minimal cost to obtain a business license is $50. However, some companies could need extra charges and licenses, such a health or liquor license. How long does it take to obtain a business license in Nevada as a result? The kind of business and the location affect how long it takes to obtain a business license in Nevada. A business license can occasionally be acquired in a short period of time. The procedure could take a few weeks or even months for some organizations, such as those that need unique licences or inspections.
How much is a City of Reno business license as a result? Depending on the kind of business and the location, a City of Reno business license can cost different amounts. In the City of Reno, the minimal licensing charge is $50. However, some companies could need extra charges and licenses, such a health or liquor license.
In Nevada, a DBA is only good for five years before it needs to be renewed in order to keep using the trade name. In contrast to an LLC, a DBA does not shield the business owner from liabilities because it is not a legal entity. Depending on the kind of business and the region, getting a business license in Nevada can be expensive and time-consuming. To make sure they adhere to all legal requirements while beginning a business in Nevada, it is advised that business owners speak with a lawyer or a business expert.