You can reserve a company name, of course. In fact, it is strongly advised that you do. By doing this, you will be able to register your business without worrying about someone else using the name first and you will stop anyone else from doing the same. You can reserve a company name in the majority of states, including Ohio, for a period of 60 to 120 days. It is vital to confirm the precise time frame with your local Secretary of State’s office because it may vary depending on the state.
When an LLC is created in Ohio, it is active until it is dissolved. To keep your LLC in good standing, you must submit an annual report to the Ohio Secretary of State every year. Penalties and even the dissolution of your LLC may arise from your failure to submit the annual report. How Long Does It Take in Ohio to Form an LLC?
The complexity of your company structure and the volume of work being done by the Ohio Secretary of State’s office can both affect how long it takes to incorporate an LLC in Ohio. An Ohio LLC formation typically takes 10 business days to complete. On the other hand, if you decide to speed things up, you might get your LLC formation papers in as little as 2 business days.
Is My DBA Name Safe from Being Stolen? Your DBA name can be stolen, that much is true. This is why it’s crucial to register your DBA with the Secretary of State’s office in your community. You will have the sole right to use that name in your state after registering your DBA, barring anybody else from doing so. The ability to open a business bank account and carry on business under that name is another benefit of registering your DBA.
An LLC may have a DBA, yes. In reality, a lot of LLCs decide to use their DBA name instead of their own name to do business. This can be useful for branding purposes and for differentiating your company from rivals. You must register your LLC with your local Secretary of State’s office in order to get a DBA.
Finally, reserving a company name is a critical first step in launching a firm. It will grant you the sole authority to carry on business using that name and forbid anybody else from doing so. To make sure that your company is in good standing and shielded from any legal difficulties, it is also crucial to adhere to the rules and regulations pertaining to creating an LLC and registering a DBA.