Depending on the type of corporation and the process of registration, different business names in Texas can cost different amounts to register. The fee to file a DBA (Doing Business As) with the county clerk in the county where the business is located is $25 for a sole proprietorship or partnership. A Certificate of Assumed Name must be filed with the Secretary of State for a company or LLC for a fee of $25.
The answer is yes to the question, “Can I open a business account without a DBA?” Either the legal name of the company or the owner’s name may be used to open a business account. However, having a DBA can make it simpler to conduct business under a name other than the company’s official name.
Depending on the type of entity, the answer to the question “Can you operate a business without a DBA?” will vary. If a sole proprietorship or partnership uses the legal name of the owner or partners, they can conduct business without a DBA. Contrarily, if a corporation or limited liability company wants to conduct business under a name other than its legal name, it must file a DBA application.
And last, “Are sole proprietorship and DBA the same?” No, is the response. A registered name used by a company to conduct business under a name other than its legal name is known as a DBA. In a sole proprietorship, the owner is liable for all financial commitments and debts incurred by the business.
In conclusion, the price to register a business name in Texas varies depending on the kind of entity and the registration process. A DBA is not necessary to register a business account for an LLC; nevertheless, it is an option. While corporations and LLCs need to establish a DBA in order to conduct business under a name other than their legal name, sole proprietorships, partnerships, and sole proprietorships are exempt from this requirement. A DBA and a sole proprietorship are not the same thing because a DBA is a registered name and a sole proprietorship is a specific kind of business entity.