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What’s a DBA?
DBA is an acronym that stands for "doing business as." A DBA is a way to give your business a name that’s different from your name or the registered name of your business. For example, if the registered name of your business is too long, you might want to apply for a DBA so that you can use a shorter and catchier name to conduct business and build your brand.
Other terms for DBA
DBA may also be called a fictitious firm name in Nevada, a trade name, or an assumed business name. These terms are often used interchangeably, but mean the same thing.
Do I need to apply for a DBA?
You’ll need a DBA if you’re planning to do business using a name other than your personal name or your business entity’s registered name. A DBA isn’t always required for a business, but it can be a useful tool.
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3 reasons why a DBA could be beneficial for your business
Rebranding
If you want to rebrand your registered business and branch into new products or services, a DBA lets you pursue a different direction than your official business name suggests without having to start a new LLC or corporation.
Privacy
Businesses not registered with Nevada (e.g. sole proprietorships) operate under the owner’s full legal name, so your personal name would be listed on all transactions. With a DBA, you can separate your legal name from your business name and gain more privacy.
Legally required
A DBA is usually required under Nevada’s law if you plan to operate your business under a name other than your legal name or an officially registered business name.
DBA vs. LLC: What’s the difference?
There are several important differences between a DBA and an LLC:
DBA
Ease and affordability
If you want to register your business name without creating an actual business entity like an LLC, a DBA is an easy way to do it.
Expansion and personalization
With a DBA, you can easily personalize your business by location. For example, if you have multiple ice cream shops in multiple towns, each shop can be branded with the name of the town.
Easy upkeep
A DBA usually only has to be renewed every few years, and it’s a great option for business owners who want to get an official business name without the upkeep needed for an LLC.
LLC
Protect your personal assets
By forming an LLC and keeping your personal financials separate, your personal assets are protected from business liabilities.
Tax flexibility
You get to decide how you’re taxed—as an LLC or a corporation—to maximize your potential savings and minimize tax liability.
More maintenance
Although LLCs have simpler record-keeping rules than other types of business entities, they still involve more ongoing maintenance than a DBA, such as annual filings and reports.
How to register a DBA
Here are some general steps to follow to file a DBA. There may also be state-specific requirements that you can likely find on the Nevada’s Secretary of State website.
1
Search your name
Make sure the DBA name you want isn’t already being used. You can usually conduct a business entity search on the Nevada’s Secretary of State’s website.
2
Review the naming requirements of your state
For example, you may not use banking-related words or terms that could be associated with a governmental entity.
3
Fulfill operating requirements
Sometimes you are required to operate under your DBA before registering it.
4
File your DBA with the Secretary of State or local government agency
You can usually submit a form online or via mail.
DBA vs. sole proprietorship: What you should know
Keep your private life separate
Creating a DBA allows you to promote your business without compromising your privacy by limiting the use of your personal name in day-to-day business transactions.
Branding and marketing
Branding becomes easier with a DBA. For marketing purposes, having a DBA lets you have a name that clearly promotes the product or service you’re offering.
Increased legitimacy
Creating a DBA adds credibility to your business. The good news is that it’s easy and affordable.
Open a bank account
Many banks require sole proprietorships to have a DBA to open a business checking account.
Why use Barajas to set up your DBA?
Peace of mind
Raise funds by appealing to investors who may prefer corporations for the ability to offer stock.
Comprehensive name search
Attract and keep top talent by offering competitive benefits packages that include shares of your company.
Publication of business name
Corporations are often seen as more credible, which can make it easier to do business with other companies.
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