How to Get a DBA (Doing Business As) in Texas for your LLC. In this video by Northwest Registered Agent LLC, you will learn all the necessary steps to obtain a DBA for your Texas LLC. A DBA, or Assumed Name, allows you to operate your business under a different name or branding while still maintaining your original LLC. It’s a simple process that involves filing an Assumed Name Certificate (Form-503) with the Texas Secretary of State. If you have any questions or need assistance, Northwest Registered Agent is there to help you every step of the way.
What is a DBA or Assumed Name?
Definition and Purpose
A DBA, or Doing Business As, is a way for a company to operate under a different name than its legal name. In the state of Texas, a DBA is referred to as an Assumed Name. This means that a company can use an assumed name for certain purposes while still maintaining its legal identity.
The purpose of a DBA is to provide flexibility and branding opportunities for businesses. It allows them to use different names for different product lines or to test out a new business name without having to form a separate legal entity.
Why would I want a DBA for my Texas LLC?
Expanding Branding Opportunities
One of the main reasons to get a DBA for your Texas LLC is to expand your branding opportunities. By operating under different names, you can target different market segments or create separate brand identities for different products or services. This can help you reach a wider audience and increase your market presence.
Separating Different Product Lines
If your Texas LLC offers multiple product lines, having a DBA can help you separate and define each line more clearly. This can make it easier for customers to identify and connect with specific products, leading to increased sales and customer loyalty.
Testing a New Business Name
Before officially changing your LLC’s name, you may want to test out a new business name to see how it resonates with your target audience. A DBA allows you to do this without going through the process of legally changing your company’s name. If the new name is successful, you can then make it permanent.
How to File an Assumed Name Certificate (Form-503) w/ SOS
Step 1: Visit the Texas Secretary of State website
To file an Assumed Name Certificate for your Texas LLC, you will need to visit the website of the Texas Secretary of State. This is where you will find the necessary forms and guidelines for filing.
Step 2: Search for the Assumed Name Certificate (Form-503)
Once you are on the Texas Secretary of State website, search for the Assumed Name Certificate (Form-503). This is the specific form you will need to fill out and submit.
Step 3: Download and Fill Out the Form
Download the Assumed Name Certificate form and carefully fill it out. Make sure to provide accurate and complete information to avoid any delays or complications in the filing process.
Step 4: Submit the Form and Pay the Fee
After filling out the Assumed Name Certificate form, submit it to the Texas Secretary of State along with the required filing fee. The fee amount may vary, so be sure to check the current fee schedule on the website. Once the form and fee are submitted, your Assumed Name Certificate will be processed.
What Information is Required on the Assumed Name Certificate?
LLC Name and File Number
On the Assumed Name Certificate, you will need to provide the legal name of your Texas LLC and its file number. This information ensures that the DBA is associated with the correct legal entity.
Assumed Name Information
You will also need to provide the assumed name you wish to use for your Texas LLC. This is the name under which you will be doing business. Make sure to choose a name that is not already in use by another company in the same industry to avoid any legal issues.
Principal Place of Business
The Assumed Name Certificate requires you to provide the principal place of business for your Texas LLC. This is the physical address where your company conducts its operations. It is important to provide an accurate address to maintain compliance with state regulations.
Registered Agent Information
Lastly, you will need to provide the name and address of your registered agent. A registered agent is a person or entity designated to receive legal documents on behalf of your Texas LLC. This information ensures that important legal documents related to your assumed name are properly delivered.
Can I File a DBA Online?
Online Filing Options
Yes, you can file a DBA online in Texas. The Texas Secretary of State website provides online filing options for Assumed Name Certificates. This makes the process more convenient and allows you to complete the filing from the comfort of your own home or office.
How Long Does it Take to Get a DBA in Texas?
Processing Time
The processing time for a DBA in Texas can vary depending on various factors, including the current workload of the Secretary of State’s office. Generally, it takes about 2-3 business days for the Assumed Name Certificate to be processed and approved. However, it is always recommended to plan ahead and allow for additional time to ensure a smooth filing process.
Cost of Getting a DBA in Texas
Filing Fee
To obtain a DBA in Texas, you will need to pay a filing fee. The exact fee amount can be found on the Texas Secretary of State website, as it may vary depending on the type of entity and the type of filing. It is important to pay the fee in full when submitting your Assumed Name Certificate to avoid any delays or processing issues.
Maintaining Your DBA
Renewal Period
Once you have obtained a DBA for your Texas LLC, you will need to renew it periodically to ensure its continued validity. The renewal period for a DBA in Texas is every 10 years. It is important to keep track of the renewal date and submit the necessary paperwork and fees on time to maintain your DBA.
Updating or Canceling a DBA
If you need to update the information on your DBA or cancel it altogether, you can do so by filing an amendment or withdrawal with the Texas Secretary of State. This ensures that your DBA remains up to date and reflects any changes in your business operations.
Consequences of Not Having a DBA
Legal and Branding Risks
Operating under a different name without obtaining a DBA for your Texas LLC can have legal and branding risks. Without a DBA, you may not be able to enforce contracts or protect your business name from unauthorized use. Additionally, customers may be confused or hesitant to do business with a company that does not have a clear and consistent name.
Conclusion
Wrap up the importance of getting a DBA for your Texas LLC
Obtaining a DBA for your Texas LLC is a crucial step in expanding your branding opportunities, separating different product lines, and testing new business names. By following the process outlined above and filing an Assumed Name Certificate with the Texas Secretary of State, you can ensure that your DBA is properly registered and compliant with state regulations. Remember to maintain your DBA through regular renewals and updates, and be aware of the consequences of not having a DBA. With a DBA, you can confidently operate under different names and improve your business’s visibility and success.