What is a DBA?
A "Doing Business As" (DBA) name allows businesses, including sole proprietorships and partnerships, to operate under a name different from their legal name. This trade name simplifies the branding process and can be registered in Oklahoma by filing with the Secretary of State. To register a DBA, businesses must complete the following steps:
1) Choose and Search for Your DBA Name.
2) Register Your DBA.
You may also opt to use a professional service to handle the filing, which typically starts at $99 plus state fees.
Registering Your Trade Name
Steps to Register a DBA
First, ensure your desired trade name is available by conducting a search on the Oklahoma Secretary of State’s website. Next, you need to register your DBA name by filling out the Trade Name Report form, which asks for essential information about your business.
While a DBA name in Oklahoma doesn’t expire, it’s crucial to do thorough research and understand the rules for using your new registered name. It’s also worth noting that a DBA does not provide liability protection like an LLC or a corporation.
Costs and Benefits
The filing fee for a DBA in Oklahoma is $25. Aside from being cost-effective, one significant advantage of having a DBA is the ease of branding and banking under a preferred business name. However, business owners must be aware that a DBA does not offer asset protection.
Frequently Asked Questions
Where and How to File
You must file for a DBA with the Oklahoma Secretary of State online or by mail. For mail submissions, include a check payable to the "Oklahoma Secretary of State" and send it to their office.
Changes and Non-Citizens
Yes, you can change your business name after filing a DBA by submitting an amendment form. Furthermore, both U.S. citizens and non-citizens can file a DBA in Oklahoma.
LLCs and Banking
LLCs that operate under a name different from their legal entity name must register a DBA. A registered DBA allows you to open bank accounts and register for website domain names.
Professional Filing Services
Consider using a professional DBA filing service, especially if you’re unfamiliar with the process. These services, such as LegalZoom, ensure compliance with all the legal requirements.
Conclusion
An Oklahoma DBA is vital for businesses wishing to operate under a different name. It’s an easy and affordable way to make your business more professional and to establish your brand in the marketplace. Remember, while a DBA allows for branding flexibility, it does not confer legal or liability protection. As such, it might be beneficial for companies to consider forming an LLC or corporation for added protection.