One of the initial steps you might need to do when starting a business in New York is applying for a DBA, or “doing business as” name. The legal term “DBA” refers to a company name that is distinct from your given name or the name of your corporation. This post will explain how to obtain a DBA in New York and address some often asked queries regarding the procedure. How to Apply for a DBA in New York
1. Pick a name for your DBA. It should be distinctive and not being used by another company in your area. You can use the online database of the New York State Department of State to see if the name you want is available.
2. Submit a Certificate of Assumed Name: To register your DBA with the state, you must submit this legal document. The form is available for download from the Department of State’s website, and you may also electronically file it with the state. 3. Publish an announcement of your DBA: Following the submission of your Certificate of Assumed Name, you must publish an announcement of your DBA in two local newspapers. For six weeks straight, the notice must be published once a week. 4. Submit an Affidavit of Publication: After fulfilling the publication obligation, you must submit an Affidavit of Publication to the state in order to demonstrate that you have done so. How Much Does a DBA in New York Cost?
Depending on where your firm is based, different DBAs in New York cost different amounts. The average cost to file your Certificate of Assumed Name is about $25. Depending on your location, the cost of printing your notice in two newspapers can run anywhere from a few hundred to a few thousand dollars.
In New York, a DBA is valid for five years following the filing date. Your DBA must be renewed every five years by submitting a fresh Certificate of Assumed Name.
Yes, you can submit an online DBA application through the electronic filing system of the New York State Department of State. The Certificate of Assumed Name should be filed in this manner as it is the quickest and most practical. Are DBAs Required in New York?
You must file for a DBA in New York if you are conducting business under a name other than your legal name, your given name, or the name of your corporation. LLCs, partnerships, and single proprietorships are all affected by this. You should speak with a lawyer or the New York State Department of State if you’re unsure whether you need a DBA.
Choosing a distinctive name, submitting a Certificate of Assumed Name, publishing a notice in two newspapers, and filing an Affidavit of Publication are the only steps needed to obtain a DBA in New York. A DBA is valid for five years in New York and can cost anywhere from $25 to several thousand dollars, depending on your location. If you’re operating a business under a name other than your own name or the name of your corporation, you’ll need a DBA, which you may file for online through the state’s e-filing system.
An alternative business name to the owner’s legal name is registered as a DBA (Doing Business As). It permits companies to run under various names without setting up a different legal body. On the other hand, an LLC (Limited Liability Company) is a distinct legal entity that provides its owners, also known as members, with personal liability protection. An LLC must be formed and maintained with more formalities and legal paperwork than a DBA. Depending on the needs and objectives of the business owner, a DBA or an LLC may be preferred.