If you’re an entrepreneur starting your own business, you may very quickly encounter the term “DBA.” The meaning of a DBA is “doing business as”—it’s any registered name your business operates under that isn’t the company’s legal name. DBA is commonly referred to as a trade name. This post will cover everything you should know about DBAs.
How does a DBA work, and do I need one?
Now that we’ve covered the meaning of a DBA, the question becomes whether you need one. The answer is no—they’re not required to form or operate a business. The only times you’d really need a DBA is if you’re branching into new products or services or if you’re looking to rebrand. You could also get a DBA if you would like to operate under a name other than your personal name for any reason.
The process of registering a DBA name varies based on your state. Most times, all you need to do is fill out a government form and pay a small fee. While that sounds simple enough, we recommend getting help from the pros at Kedean’s Generation if you’re interested in registering a DBA name or looking to start your own business. We can guide you through all the steps to ensure your success.
DBAs wouldn’t exist if they didn’t have some benefits. Even though they’re not legally required, these are a few of the reasons you should consider registering for one:
- Branding: Unless they have a DBA, sole business proprietors or partners must operate under their legal name (or names). While there’s nothing wrong with that, operating under your name isn’t always ideal for marketing or branding purposes. Registering a DBA can amplify your brand and help boost your revenue.
- Privacy: Another benefit of a DBA is that it helps protect your privacy. With a DBA, the public won’t see your surname while conducting business. They’ll just know your trade name. This is a big plus for individuals who’d like to stay out of the public eye.
- Banking: Without a DBA, you can only accept payments in your name. That process is inconvenient and may seem a little unprofessional to customers. If you’d like to receive payments in your company’s name and open up a small business bank account, register a DBA.
- Low cost: Another perk of getting a DBA is that they’re relatively inexpensive to receive. Depending on where you live, filing may cost no more than $100. Just be sure you follow all necessary protocols to get your DBA.
Let us help you register a DBA
Regardless of your business’s size, you should consider registering a DBA—and when it’s time to register, come to Kedean’s Generation for help. Our friendly experts will guide you through the whole process to take that stress off your shoulders. Reach out to us today to get started or to learn more about how a DBA works and if you need one for your business. We look forward to assisting you!
Categorised in: Starting a Business