In Nebraska, small enterprises must pay a variety of expenses, including recruiting staff and paying taxes and registration fees. The cost of obtaining a DBA, or “doing business as” name, is one expense that is frequently disregarded. A DBA is a business name that differs from the company’s official name and is frequently used for branding. But what are the fees involved in establishing a small business in Nebraska, including the price of a DBA?
A sole proprietorship, partnership, LLC, or corporation are the available business structures in Nebraska for starting a small business. The prices connected with each structure will differ, and each offers unique benefits and drawbacks. For instance, a sole proprietorship is the simplest and least expensive choice because it doesn’t need to be formally registered with the state. A company, however, will necessitate extra paperwork and expense.
You must register your business with the state of Nebraska after deciding on a business structure. The type of business structure you select will affect the registration fee. There is no registration charge for a sole proprietorship. The registration charge for an LLC is $100, whereas the rate for registering a company is $125. A sole proprietorship, partnership, or corporation must also file an annual report with the state, which costs $10 for each and adds a franchise fee for an LLC or corporation.
You can submit an online application via the IRS website to get a Nebraska tax ID number, also known as an employer identification number (EIN). An EIN can be obtained for free and is necessary if you want to hire staff or if your company is taxed as a corporation or partnership.
Let’s finally get to the point: how much does a DBA in Nebraska cost? Depending on where you reside and the county you’re in, the price will change. The price will often be in the $10 to $100 range. To receive a DBA application and pay the required cost, get in touch with your county clerk’s office.
In conclusion, starting a small business in Nebraska is expensive and requires paying registration fees, taxes, and DBA fees. However, these costs can be controlled with careful planning and budgeting. You can launch a prosperous business in Nebraska by picking the appropriate business structure, registering your company with the state, getting a tax ID number, and getting a DBA.