If you run a small business in Wisconsin, you’ve probably heard how crucial it is to file a DBA. A business that conducts business under a name other than its legal name is referred to as “doing business as,” or “DBA,” in legalese. In Wisconsin, registering a DBA is a rather simple process that this article will walk you through.
In Wisconsin, you can submit a DBA online. You must go to the “Register a Business” page on the Wisconsin Department of Financial Institutions website. From there, you may decide whether to submit a DBA or a new business registration. The DBA name you wish to register, your legal business name, and your business address are a few of the fundamental pieces of information you must give. A cost is additionally required, and it varies according on the type of business you’re registering. Is a DBA Beneficial for a Small Business? Yes, registering a DBA might be a smart move for a small company. If you’re conducting business under a name other than your legal name, a DBA can assist you in creating a distinct brand identification for your company. You may find it simpler to sign contracts with clients and vendors, accept payments, and open a business bank account as a result. Are DBAs Required to be Registered in Wisconsin? If you conduct business in Wisconsin under a name other than your legal name, you must file a DBA application. Whether you’re a lone owner, managing a partnership, or a corporation, this is true. There is only one exemption, and that is if you are conducting business under your own legal name. The distinction between an LLC and a DBA is explained here.
A DBA and an LLC are two separate kinds of corporate entities. A DBA is merely a method of conducting business under a different name; it is not a separate legal entity from the business owner. An LLC, on the other hand, is a distinct legal entity that offers the business owner liability protection. By registering an LLC, you establish a new legal entity that is distinct from you as the business owner. This means that in the event that your firm accrues debts or legal liabilities, your personal assets are safeguarded.
In conclusion, registering a DBA in Wisconsin is a straightforward procedure that can assist you in creating a distinctive brand identity for your company. If you’re conducting business under a name other than your legal name, regardless of whether you’re a lone proprietor, managing a partnership, or operating a corporation, you must register a DBA. It’s crucial to keep in mind that registering a DBA is not the same as creating an LLC or another type of legal company, even if it can be helpful for small firms. It’s always a good idea to speak with a lawyer or accountant if you’re unclear about the type of business structure that’s best for you.