Trade Name Registration in Maryland
- Registering Multiple Trade Names
- Renewing Trade Names
- Filing Trade Name Applications
In Maryland, it is legal to use more than one trade name. However, keep in mind that employing many trade names may weaken your brand’s identity and confuse buyers. You absolutely can register multiple trade names. There is a $25.00 fee for each trade name, and the name is good for 5 years. Retaining competent legal counsel can assist you with your business activities.
DBA Registration Process
- Checking Name Availability
- Filing DBA Applications
- Renewing DBA Names
The Commissioner requires that all trade names used by licensees be registered with the Maryland Department of Assessments and Taxation. The NMLS system can support multiple trade names. DBA registration is registering a business with the state it operates in. To get a DBA name in Maryland, verify your preferred DBA name’s availability, file it with the State, and make any necessary amendments.
Differences Between Trade Name and DBA in Maryland
A company name is the actual name of the business, while a trade name or DBA is a way of doing business under a particular name filed in a state or county. A DBA allows unincorporated businesses to use a business name that doesn’t include the owners’ names.
Essential Steps for DBA Name Registration
Before applying for a new trade name, check name availability to ensure no other business is using the desired name. The process for changing a name is like registering a new DBA.
Tax Considerations for LLCs in Maryland
Although Maryland does not have an LLC tax, other taxes may apply like sales or employment taxes. LLCs in Maryland will be taxed as pass-through corporations.