Cost of Filing for a DBA in Illinois
Under Illinois law, all businesses are required to register alternative trade names by filing for a DBA if the business seeks to operate under a different name than the name used when it was formed.
Filing Process for Different Business Structures
While Limited Liability Companies (LLCs) and corporations are less likely to need a DBA, the process for these companies in Illinois differs from other business structures.
Illinois Assumed Name Certificate
How Much Does It Cost to Get a Kane County, Illinois Assumed Name Certificate? LicenseSuite provides you with everything you need to answer the question ‘How can I apply for a Kane County, Illinois Assumed Name Certificate?’.
How long does it take to register a DBA in Illinois? The typical processing time to officially register your DBA in Illinois is around 7-14 days after your filing is submitted.
LLCs or corporations hoping to register a DBA can do so through the Secretary of State’s office.
Be sure to follow state-specific guidelines when filing for an Illinois DBA. Obtaining this fictitious name can allow you to market your business in a new way.
You can hire a professional service to file your DBA for you.
Difference Between Assumed Name and DBA in Illinois
If you’ve ever wanted to do business under a different name without needing to create a whole new business, then a DBA is the solution you need.
What you can do is obtain a fictitious business name or assumed business name, which will allow you to operate under a name that is relevant to your new service offerings.
The biggest difference between a DBA and an LLC is liability protection.
DBA is an acronym that stands for “doing business as." A DBA is a way of giving your business, or a portion of your business, a name different from its registered name.
The only difference between a DBA name and a business trade name is that a DBA is just an alias. A DBA must be associated with a legal business entity.
As you decide how to structure your business and what to name it, understanding the process for registering a New Jersey DBA can empower you to make the best decisions for your company.
You use the underlying legal entity’s tax identification numbers to open a bank account in the DBA name.
Benefits of a DBA for Your Business
What is a DBA name and how can it help our business? L3 Funding details the reasons you need one and how to successfully file for a DBA.
The primary difference, as discussed earlier, is the protection of private assets that an LLC offers, while a DBA doesn’t.
Miscellaneous
Frequently asked questions.