When a company wants to conduct business under a name different than its legal name, it creates a DBA (Doing Business As) name. It is simple to register a DBA in Oregon, however there is a fee involved. Depending on the county in which you plan to run your business, the cost varies. In Oregon, a DBA filing costs between $50 and $100.
A form must be submitted to the county clerk’s office in the county where your business will operate in Oregon in order to register a DBA. Your business name, address, and the name and address of the individual filing the DBA must all be entered on the form. The filing fee must be paid at the time of submission as well.
In addition, some people inquire “Do I need a BIN in Oregon if I have no employees?” Yes, it is the answer. All businesses operating in Oregon, whether or not they have workers, must get a Business Identification Number (BIN). The state uses your BIN to identify your company for tax-related purposes.
What about this: “Is Oregon BIN the same as EIN?” No, a BIN and an Employer Identification Number (EIN) are not the same. The Internal Revenue Service (IRS) assigns the EIN for federal tax reasons, but the state of Oregon issues the BIN. Both a BIN and an EIN are required if you have employees.
You can submit an online application through the IRS website to obtain an EIN number in Oregon. When the application is finished, you will instantly obtain your EIN for free. By completing Form SS-4, which is accessible on the IRS website, you can also submit your application by mail or fax. “Where can I find my business identification number?” is the last question. Any correspondence you get from the state of Oregon regarding your business, such as tax notices or licenses, will contain your BIN. You can ask for help from the Oregon Secretary of State’s office if you are unable to find your BIN.
In conclusion, the cost of creating a DBA in Oregon varies depending on the county in which you conduct business. Regardless of whether you have workers or not, you will also require a BIN and, if so, an EIN. Getting an EIN is a simple and free process that may be completed online. You can find your BIN by contacting the Secretary of State’s office or on any letter you receive from the state.