Overview and Costs
Maryland DBAs cost $25 each to register. You can register a trade name with the Maryland Department of Assessments and Taxation by filing a Trade Name Application. The filing fee is $25, or $75 for expedited service. Your new DBA will be valid for five years. Renew it for at least six months before it expires. The renewal fee costs $25. Pay with a check or money order. The state of Maryland does not accept payments in cash.
Prohibited Names and Legal Requirements
Avoid using the following: Words that include suffixes like LLC, Corp, incorporation, nonprofit, etc. Words connected to financial institutions, including banks, credit unions, etc. Maryland law prohibits the use of an identical name already registered by a business and in use. Maryland may require proof of business ownership or a business license.
Registration and Renewal
To register a Maryland DBA, you need to submit an application to the Department of Assessments and Taxation. Maryland trade name registration allows a business to operate under a name that’s different from its legal name. Renewing your Maryland DBA costs $25 every five years, the same as the initial registration fee. All payments are by check or money order since cash is not accepted. Expedited processing is available for an additional $50.
Frequently Asked Questions About DBAs in Maryland
- How long does it take to process DBAs in Maryland?
- How do I set up a DBA in Maryland?
- Does a sole proprietor need to register with the state of Maryland?
Benefits of a DBA
DBAs address privacy concerns by separating personal and business assets, proving independence of assets, and decreasing liability. It also simplifies business banking as institutions require a filed DBA to open an account. Securing a DBA offers flexibility and is generally more affordable than forming an LLC.
Naming Your Business and Compliance
First, name your Maryland business and check state and local license needs based on your activity, location, and industry. Visit the Maryland Licensing Onestop Portal to determine which licenses and permits your sole proprietorship requires. Contact your local Clerk of the Court for guidance on regulations and permits.