Doing Business As (DBA) is the registration of a company name that differs from the owner or owners’ legal names. A DBA is not necessary in the state of Missouri for single proprietors or partnerships, but it is strongly advised for companies that want to use a name other than their legal name. This article will go over the significance of a DBA for businesses in Missouri and address pertinent issues including how much it costs to get a DBA, what it can do for small firms, and how to get a business license and EIN in Missouri. How much does a DBA in Missouri cost? The price to apply for a DBA in Missouri varies according to the county where the company is based. The price often falls between $5 to $50. For precise costs and regulations, business owners can inquire with their local county clerk’s office. Is a DBA beneficial for a small business? For small firms that want to use a name other than their legal name, a DBA is strongly advised. A DBA can assist small firms in building a reputation and distinctive personality in the marketplace. Additionally, it can assist small businesses in opening bank accounts, requesting loans, and conducting transactions under their company name. How do I obtain an EIN in Missouri? For tax-related purposes, the Internal Revenue Service (IRS) issues Employer Identification Numbers (EINs) to firms. By submitting an online application at the IRS website, business owners can get an EIN for nothing. As an alternative, business owners can submit a Form SS-4 by mail or fax. How do I apply for a business license in Missouri? The city or county where the business is located in Missouri is responsible for issuing business licenses. For detailed requirements and costs, business owners should contact their local municipal or county clerk’s office. The following details are typically required of business owners: the name and address of the company, the owner’s name and address, the nature of the company, and the number of employees.
In conclusion, a DBA is strongly advised for small firms that want to operate under a name other than their legal name, even if it is not necessary for enterprises in Missouri to have one. Getting a DBA is a quick and inexpensive procedure that can assist businesses in building their brand, opening bank accounts, and conducting transactions under their company name. To ensure compliance with local, state, and federal rules, business owners need also acquire an EIN and a business license.
