With the use of a DBA, you are legally permitted to operate your company under a different name than your own. It’s frequently employed by partnerships and sole proprietorships that want to adopt a different name for branding or marketing reasons. To open a coffee business called “Java Joe’s,” for instance, if your name is John Smith, you’ll need to submit a DBA application. How can I set up my company name in Oklahoma?
1. Find people by name: You must confirm that the business name is available before registering it. The website of the Oklahoma Secretary of State allows you to look for already registered business names.
2. Pick a name: After ensuring that the name you want is accessible, you must pick a formal name for your company. This can be your given name, your given name combined with an identifying phrase (such as “John Smith Photography”), or a whole different name.
3. Register your business name: You must submit a Certificate of Assumed Name to the Oklahoma Secretary of State in order to register your business name. The form can be submitted electronically or via mail. The filing fee is $25. In Oklahoma, how much does it cost to obtain a DBA?
What distinguishes an LLC from a DBA?
A DBA is not a limited liability company, which is a type of legal entity. It is merely a method for carrying on business under a different name. You continue to run your business as a sole proprietor or partnership when you file for a DBA, and you remain individually responsible for any debts or legal problems that result from it.
On the other hand, an LLC is a type of business entity that shields its owners from limited responsibility. This implies that your personal assets, including as your home, car, and personal bank accounts, are typically safeguarded in the event that your LLC is sued or incurs debt. But creating an LLC involves more paperwork and costs than registering a DBA.
In conclusion, registering a DBA in Oklahoma is an easy process that may be finished online or by mail. Once your business name has been registered, you are free to use it to do business using a different name than your own. It’s crucial to keep in mind, though, that a DBA offers no legal protection for your private property, and you continue to bear personal responsibility for any debts or legal troubles resulting from your company.