It’s also critical to comprehend the distinction between an LLC and a DBA. A DBA is just a name that a company uses; it is not a different legal entity. An LLC, or limited liability company, is a type of business entity that shields its owners from personal liability. This indicates that the LLC’s obligations and liabilities are not personally liable for the owners.
The first step in beginning a sole proprietorship in Nevada is picking a name for your company. You must register your DBA with the Nevada Secretary of State after deciding on a name. You can do this via mail or online. $25 is required for registration, which is good for five years.
You must submit Articles of Organization to the Nevada Secretary of State in order to form an LLC there. The name of the LLC, the name and address of the registered agent, and the names and addresses of the members must all be listed in the Articles of Organization. In Nevada, there is a $75 filing cost establishing an LLC.
Sole proprietors in Nevada are permitted to operate under numerous DBAs, provided that each name is registered individually and the necessary fees are paid. Before choosing a business structure, it’s critical to comprehend the distinctions between an LLC and a DBA. While you must file Articles of Organization with the Secretary of State to form an LLC, you must register your DBA with the state in order to form a single proprietorship.