One of the most crucial choices you’ll make as an entrepreneur is picking the ideal name for your company. It symbolizes your company’s entire identity, your brand, and your values. However, you must first confirm that your selected name is acceptable for use in Arizona before you may begin using it.
You can utilize the online database of the Arizona Corporation Commission to see if a business name is available in Arizona. To avoid such conflicts, you can search this database for already-used company names and trademarks. You will have to choose an alternative name or think about registering your firm under a different legal structure if the name you desire is already taken.
The next step is to apply for a DBA (Doing Business As) in Arizona if the name you choose is available. You can conduct business under a name other than your legal name with the aid of a DBA. You must submit a Trade Name Application to the Arizona Corporation Commission in order to apply for a DBA there. Basic information about your company, such as your legal name, business name, and contact details, are required on the application.
In Arizona, obtaining a DBA normally takes 3-5 business days, though this time frame may increase if there are any problems with your application. When your application is accepted, you will be given a Certificate of Trade Name Registration, which entitles you to conduct business under the name of your choice lawfully.
There are benefits to being a sole proprietorship, but there are also some drawbacks to take into account. You personally are responsible for any debts or legal problems that develop in your business as a sole proprietor. This implies that if your company is sued or incurs debt, your personal assets, such as your home or car, could be at danger. Being a sole proprietor might also make it more challenging to get loans or financing since creditors could think your company is less solid without a formal legal structure.
In conclusion, naming your company appropriately is an essential step in creating your brand and identity. You may confirm that the name you want to use is available in Arizona by looking it up in the online database maintained by the Arizona Corporation Commission and applying for a DBA. While operating as a sole proprietor has its benefits, it’s crucial to think about the potential risks and obligations involved with this type of business structure before getting started.
After filing the necessary documentation to the Arizona Corporation Commission, it normally takes 5-7 business days to obtain a DBA (Doing Business As). However, depending on the number of applications received and other circumstances, processing timelines may change.