Choosing a name is one of the first stages in beginning a business. However, you must first confirm that the name is available and register it as a trade name before you can begin using it. The Secretary of State’s office in Connecticut is in charge of this procedure. Find out if your intended LLC name is available and learn how to register it by reading the information below.
A trade name certificate, commonly referred to as a fictitious name or a DBA (Doing Business As), is an official document that permits a company to conduct business under a name other than its legal name. For instance, you would need to register “Smith’s Carpentry” as a trade name if your LLC’s legal name is “Smith and Sons, LLC” but you wish to conduct business under that name.
Make sure the trade name is available before registering it in Connecticut. You can do this by looking through the online business database maintained by the Connecticut Secretary of State. Simply enter the desired name, and the database will let you know if it is taken or not. To check if there might be any room for confusion, you can also look up names with similar pronunciations.
What exactly is a Trade Name Document? You must register your desired trade name with the state after confirming that it is available. This calls for completing a trade name form, which is available online at the Connecticut Secretary of State’s office. The form will request some basic information about your company, including its legal name, address, and desired trade name. A fee of $10 is furthermore required, which you must pay. How can I obtain a Trade Name Certificate in Connecticut?
The Connecticut Secretary of State’s office will provide you a trade name certificate once you have completed the trade name form and made the required payment. This certificate serves as evidence that you have permission to use the registered trade name. A copy of this certificate should be kept on file, and you should be ready to show it to any banks, suppliers, or government organizations with which you do business.
In conclusion, the first step in opening a business in Connecticut is registering a trade name. You can confirm that your proposed trade name is available and register it with the state by following the procedures indicated above. As a result, you will have the authority to use that name in your company’s operations.
A DBA (Doing Business As) is not a distinct legal person and is not an independent tax payer. The business owner or the entity to which the DBA is tied is responsible for paying the taxes. The owner’s tax return or the tax return for the entity reports any money received through the DBA.
Doing business as (DBA) does not by itself offer any tax advantages. A DBA is merely a registered trade name that a firm may use; it has no impact on the entity’s tax position. However, a firm may have different tax ramifications and advantages if it choose to operate under a DBA rather than creating a distinct legal entity like an LLC or corporation. For detailed guidance on the tax benefits associated with DBAs, it is advised that you speak with a tax expert or lawyer.