Step 1: Determine whether the new name is accessible Make sure the new name you have chosen is available before changing the name of your company. On the website of the Mississippi Secretary of State, you can conduct a search to see if the name you want is available. If the name is accessible, go to the following action.
File a Certificate of Amendment in Step 2 You must submit a Certificate of Amendment to the Mississippi Secretary of State’s office after ensuring that your new name is accessible. You can submit this form electronically or by mail. You must provide your old and new company names as well as other pertinent information about your enterprise.
Step 3: Refresh Your Company Records You need to change the name on your company records after your Certificate of Amendment has been authorized. This entails keeping your business permits, licenses, and other legal paperwork up to date. Your company’s website, bank account, and other marketing materials might also need to be updated.
Is a DBA Required to Have a Separate Bank Account? You might be asking if you require a separate bank account for your DBA if you run your company under a DBA (“doing business as”) name. You don’t necessarily need a separate bank account, is the answer. However, having one is advisable for organizational reasons. Keeping track of your business income and expenses more simply and less stressfully during tax season are both benefits of having a separate bank account. Can a business name be registered but not used?
You can indeed register a business name even if you never use it. It’s crucial to remember that you risk losing the ability to use your registered business name in the future if you don’t use it. Furthermore, you can still be obligated to pay costs for preserving your registered business name. Does a DBA Substitute Filing a Separate Tax Return?
What Are a DBA’s Tax Benefits?
The use of a DBA for your firm has no particular tax advantages. If you’re a lone proprietor, a DBA can assist you streamline your tax reporting. You can save time and money by employing a DBA instead of having to set up a separate legal entity for your company. A DBA can also assist you in building a credible brand for your company without the requirement of becoming a different legal entity.