Step-by-Step Guide
Registering a Hawaii DBA (Doing Business As), known as a trade name, can help in establishing your business’s branding. To register a Hawaii DBA, follow these steps:
- Choose a unique and appropriate name for your business.
- Search for your Hawaii DBA name to ensure it’s unique.
- Publish notice of your new Hawaii trade name.
- Register the trade name by filing an Application for Registration of Trade Name with the Department of Commerce and Consumer Affairs.
Benefits and Considerations
Having a DBA allows you to:
- Apply for an employee identification number, or EIN.
- Hire employees or freelancers.
- Operate under a name other than your legal name.
- Open and manage business accounts more easily.
Why Choose DBA Over LLC?
- A DBA is simpler and cheaper to register compared to an LLC.
- Allows operating under your business name if not already claimed.
- Does not provide asset protection like an LLC does.
- Provides no limited liability protection, meaning owners could be personally liable for company debts.
Costs and Timeframe
- The fee to register a DBA in Hawaii: $50
- Processing time: 7-10 days
- There are no restrictions on the number of DBAs an LLC can have.
Remember to check the availability of a web domain to keep branding and marketing seamless.
Filing vs. Using a Service
- You can register your DBA on your own, which isn’t difficult, but using a trusted service like LegalZoom simplifies the process. Packages start at $99 (plus state filing fees).
FAQs and Processing
- Is a DBA the same as a trade name? Yes.
- Can I reserve a DBA in advance? Yes.
- Can I change my registered DBA? Yes, by filing an amendment.
Hawaii DBA Filing Process
All Hawaii DBA orders are refundable before payment to the Department of Commerce, minus a $25 cancellation fee and processing expenses. After payment, cancellations or changes cannot be accepted.
Difference Between DBA and LLC
A DBA does not provide liability protection, while an LLC does. The choice often comes down to the simplicity and affordability of a DBA vs. the legal paperwork and liability protection offered by an LLC. The differences impact the choice between them.