Verifying that the new name you want to use is available is the first step in changing your DBA name in Utah. The Utah Division of Corporations website allows you to search for DBA names that are currently available. After ensuring that the name you choose is accessible, you must submit a form to the Utah Division of Corporations.
You must submit a Business Name Change form to the Utah Division of Corporations in order to modify your DBA name. You can submit this form electronically or by mail. You must fill out the form with information about your present business entity, your new DBA name, and the reason for the change. A $22 filing fee is furthermore due.
You must update your company records when the Utah Division of Corporations has processed and authorized your Business Name Change form. This entails updating your bank accounts, business licenses, permits, and other crucial documentation. In order to reflect your new DBA name, you will also need to alter your company’s website, social media profiles, and marketing materials.
A form of business entity that is distinct from its owners is a corporation. It has legal standing and is able to make deals, own things, and run businesses. Corporations are frequently created in order to restrict the owners’ liability and to raise money by issuing shares. Additionally, they must comply with specific legal and tax obligations. Can a Company Have More Than One EIN Number?
No, a company cannot have more than one EIN (Employer Identification Number). An EIN is a special nine-digit number given to firms by the IRS for tax identification. There may only be one EIN number per company. If a company’s EIN has to be updated, it must apply for a new one and cancel the old one. How many EINs am I allowed to have?
A business is only permitted to have one EIN number, as was already mentioned. But there are several situations where a company could have to file for a new EIN. These include modifying the company’s organizational structure, buying a new company, or filing for bankruptcy. In these situations, the company will have to close the old EIN and file for a new one. Should a Sole Proprietor Apply for an EIN?
You are exempt from needing an EIN if you are a solo entrepreneur and do not employ anyone. However, holding an EIN as a sole proprietor has some benefits. It may enable you to segregate your personal and business funds, establish business credit, and open a business bank account, for instance. Additionally, you will require an EIN if you choose to hire workers in the future.