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South Dakota – DBA
File a South Dakota DBA
In South Dakota and many other states of USA, if a company wishes to operate with a name that is actually not the same as the one used to form the business, it may be required to register the newly chosen name. Once registered the name is hence, referred to as a trade name. The registration process is normally referred to as filing for a DBA (doing business as).
When Should You File a South Dakota DBA?
It is one of the key requirements of the South Dakota law that all businesses operating from the area should file a DBA whenever they choose to change trade names. In addition, sole proprietorships that intend to make use of a name that is not the owners’ surname are supposed to file a DBA too.
Benefits of Filing a DBA in South Dakota
Filing a DBA benefits companies based in South Dakota in many ways.
This includes:
- It makes it easier for business operators to open bank accounts using desired trade names.
- It makes it possible for businesses to receive payments and perform other transactions under their registered trade names.
- It helps a lot in filing for any kind of federal trademarks.
- The process involves little paperwork and it is greatly inexpensive.
A DBA can be easily dissolved.
Filing for a DBA starts with finding a unique trade name that best suits the company. To find out the uniqueness of the name one can contact South Dakota Secretary of State’s Website. Fortunately, the procedure to file a DBA in South Dakota may be easily done from online. Above all, renewals and amendments of the companies’ DBA designation can be effectively completed via the internet.
Information Needed for Filing a DBA in South Dakota
Filing information for South Dakota DBA usually varies basing on the kind of entity in question. Basically, the paperwork part of it all typically requires:
- The name of the company.
- The selected trade name.
- The company’s address.
- An overview of the kind of services or goods offered.
- Some basic information about the company’s CEO.
It is important to note that unlike for many other states, filing a DBA in South Dakota has nothing to do with payment of tax. Most importantly, when choosing the trade name it is important to keep in mind that the name should not incorporate words like limited, company, incorporated, LLC, corporation or any other kind of derivation.
Reference:
http://www.filingsusa.com/SD/south_dakota_dba.htm
https://www.legalzoom.com/articles/file-a-dba-in-south-dakota
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