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assumed name certificate

It is important to keep in mind that using an assumed name does not provide any liability protection for a Sole Proprietorship. You can count on CorpNet to handle your filing flawlessly and quickly! Contact us to help you determine if your desired name is available and to prepare and file the registration paperwork in your state. Validity varies by state, typically ranging from five to ten years before renewal is required. Yes, in most states, you must file a certificate if you are using a name other than your legal business name.

Department of State

assumed name certificate

If you’re ready to file for an assumed name, our DBA formation service makes the process simple and stress-free, ensuring everything is completed correctly from start to finish. In the case of a sole proprietorship or partnership, the legal name is the name of the owner or partners. Maintaining a Certificate of Assumed Name involves ongoing compliance to ensure the business’s public record remains accurate.

assumed name certificate

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If you’re like the many small business owners with whom we’ve worked, then you’re already scrambling to fit anything into your schedule. Squeezing in time to file a fictitious business name might not be impossible, but it probably feels that way. Regardless of what you want to call your assumed business name, let’s clarify what we mean. We’re discussing a name you choose for your business that is different from the legal registered name for your LLC or other corporation. Whatever name you select needs to then be filed with the Secretary of State or other governing body of any and all states in which you operate.

  • It’s important to gather all necessary business information and ensure that your desired business name is not already in use.
  • Although most states require that the assumed name document be filed with the Secretary of State, this is not true for every state.
  • If more than one person is to be listed on the certificate, all parties must be present at the same time.
  • An assumed name certificate application typically requires the full assumed business name, the legal name of the owner(s) or legal entity, and the primary business address.
  • The business classifications listed below are defined fully in the Illinois Compiled Statutes.

An assumed name does not create a separate legal entity; it merely declares who is operating under that specific business name. In Texas, operating a business under a name different from its legal name requires filing an Assumed Name Certificate, often called a “doing business as” or DBA. This certificate creates a public record linking the trade name to the legal name of the business owner, ensuring consumers and creditors can identify who is responsible for its operations. This filing is a requirement under the Texas Business and Commerce Code before conducting business under a trade name. An assumed name certificate serves as a public record identifying who is operating a business under a name different from their legal name.

The name of the corporation or other business entity provided on this certificate must exactly match the records of the Department of State. Fees for filing an Assumed Name Certificate vary by county but generally range between $25 and $35. Businesses should also be aware of the need to periodically renew their assumed name registration, typically every five years, to maintain its validity. These certificates serve as a protective measure for consumers, allowing them to identify the true owner of a business, which is significant in transactions involving goods and services.

These businesses will need to provide the chosen assumed name, the legal name and residential address of each owner, and the business’s principal office address. The specific form is obtained directly from the County Clerk’s office or its official website. The application typically asks for the business address, which should be a physical street address rather than a post office box. The type of business entity, such as a sole proprietorship, partnership, LLC, or corporation, must be specified. A description of the nature of the business or the services provided under the assumed name is also requested.

  • You can register as many DBAs as you like in Texas, but you have to file a separate certificate and pay the fee for each name.
  • Because a DBA is not a business entity, you do not need a separate EIN for the business you do under your DBA.
  • Filing the document is required by state law before any person or business conducts any business in Texas under an assumed or fictitious name.
  • Yes, in most states, you must file a certificate if you are using a name other than your legal business name.

An assumed business name certificate — also known as a fictitious business name statement — is pretty much what it sounds like. Similar to how a certificate of good standing works, This document serves as proof your company does, in fact, have the legal right to use that name. It is the responsibility of the applicant to search the assumed name records in the county in which business is to be conducted to ensure no other business has the same name.

Incorporated entities submit Form 503 to the Secretary of State by mail, fax, or through the SOSDirect online portal. If submitting by mail, a check or money order should be included, while faxed submissions require credit card information on a separate form. Online filings are paid directly through the portal, often with a small processing fee. If a assumed name certificate business uses an assumed name without registering it or otherwise ignores the state’s statutes, it may face monetary or even criminal penalties. Also, neglecting to have certification to use a fictitious name may mean the business will be unable to enforce a contract or bring a lawsuit in the state.

If you form a corporation, LLC or other entity, it is your responsibility to register the name of the business. If you fail to do so, you may incur fines and risk personal liability if anyone sues your business. If you’re sharing contact information with another business name or using your personal contact information, you’ll end up confusing customers and you may not appear very professional. We’re dependable and convenient – If you hire us to file your DBA, we’ll take care of everything.

At the county level, it costs $24 plus $.50 per additional business owner. An incorporated business (corporations, LLCs, LLPs, registered series, registered foreign entities) registers by filing an Assumed Name Certificate with the Secretary of State. Some businesses use a DBA to open up a new location or start a new business line without having to form an additional business entity. For instance, brick-and-mortar restaurant might get a DBA to operate a food truck under a different name.

Any business that uses an assumed name should take steps to comply with the assumed name statutes in the state(s) in which it does business. Failing to do so can expose both the business and owners to unpleasant consequences. Businesses operating without a registered assumed name may face reputational damage. Customers and clients may perceive the lack of transparency as a red flag, leading to a loss of trust and business opportunities. Competitors may exploit this non-compliance to challenge the legitimacy of the business, affecting its market position.

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