How many LLCs can you have, too? In Texas, there is no restriction on the number of LLCs one person may create, and each LLC does not require a unique DBA. However, registering a DBA for each line of business if an LLC has more than one makes it simpler to distinguish between them.
Can my company name be stolen? Yes, your company name can be stolen by anyone. It is essential to register your company name with the Texas Secretary of State for this reason. In addition to offering legal protection, registering your business name also stops others from using it. You can file a lawsuit against someone who uses your company name without your permission.
In addition, what are the drawbacks using a DBA? A DBA’s primary drawback is that it offers no legal protection. A DBA does not provide the business owner with any liability protection and is not a separate legal organization. Your personal assets are at stake if your firm is sued. Because of this, many LLCs choose to use DBAs to operate under several names rather than creating additional LLCs.
So how long does it take in Texas to obtain a DBA? In Texas, obtaining a DBA is a rather easy and uncomplicated process. Choosing an original name that isn’t in use is the first step. The county clerk in the county where your business is located is where you must then file a DBA form. Typically, there is a $25 filing fee. The processing period varies from county to county, but in Texas, obtaining a DBA typically takes a few days to a week.
In Texas, an LLC is permitted to have an unlimited number of DBAs. DBAs are a fantastic tool to distinguish across several business lines. To stop others from utilizing your business name, you must register it. Although DBAs are adaptable, they do not offer legal protection. Before choosing a DBA, it is crucial to examine the advantages and disadvantages. In Texas, obtaining a DBA is a straightforward procedure that may be finished in a few days to a week.
You cannot use a company name that is already in use. Every company in Texas needs to have a distinctive name. If another company is already using the same name, using it could cause confusion among customers and legal problems for both parties. A comprehensive check of currently registered business names should be done before selecting one to confirm that it is available.
You can visit the Texas Secretary of State’s website and search the entity name database to see if the name you want to use for your company is already in use in Texas. In order to be sure that your preferred business name is not already taken by someone else, you can use this database to search for existing business entities. You will need to choose an alternative name for your company if the one you want is taken.