How Do I Sign New York Banking Form

How do i industry sign banking new york form myself

- [Narrator] A DBA or Doing Business As is essentially a nickname for your company. In New York, a DBA is also called an Assumed Name. DBAs are a great way to rebrand your company name, to add new brands to your company, or to change your company name completely. For sole proprietors and partnerships, DBAs offer the ability to operate under a name that isn't the business owner's surname. For more information on the specifics of what a DBA is and how it can be used, check out our other video linked below. In this video, we will go over the steps you need to take in order to form a DBA in New York. (gentle music) There are two ways to form a DBA. You can do it yourself or you can hire a service to do it for you. Let's take a look at both options and help you decide how to go about forming your own DBA. One, do it yourself. If you want to save money, you can form a DBA on your own. Let's take a look at the steps to forming a DBA in New York on your own. One, complete name searches. When determining what you want your DBA name to be, you'll want to make sure you follow New York naming requirements. For more details, check out our video, how to Name Your Business in New York or our naming guides linked below. Next you want to make sure the name is available in New York. The first and most important search is with New York's Department of State website. If the name is not available, you'll have to adjust your name or use a different one. We provide instructions to search your business name in New York on howtostartanllc.com linked below. Searching is free. To learn more, visit New York naming guides linked in the description below. After confirming your name is available in New York, we recommend doing a domain search to see if your name is available as URL. Even if you don't plan on making a website today, we recommend buying your domain in order to prevent others from acquiring it. Two, register your DBA. After you've chosen a available name, you'll want to register your DBA. If your business is a sole proprietorship or partnership, then you're required to file a business certificate with appropriate county clerk's office in order to operate under a DBA. Knowing which county to fill in is simple. You must file on any county where your business conducts or transacts business. You can find your county's contact information link below. If your business is incorporated, you are required to set up your DBA with the New York Department of State. First, print a copy of the Certificate of Assumed Name form and submit it by mail or in person. The application will ask for your new DBA name and information about your business, such as your business entity type, such as corporation, LLC, and general partnership, the number and street of your principal New York business location or out-of-state address for foreign entities, all of the counties where you do business or intend to do business, and the number and street of all of your New York business locations where you transact business. Filing fees vary, so check out our pages linked below for more detailed information. And with that, you'll have a DBA in New York. Option two. The second way to form a DBA, is to hire a professional service to create your DBA for you. Hiring a professional service to file your forms and do name searches will cost you an additional 50 to $150. However, there are several benefits to working with a pro. A hired professional files your DBA for you, keeps you up to date with renewals, and assist with applications. DBAs or Doing Business As are also known as Trade Names, Assumed Names, or Fictitious Names of a business. Informal business structures like sole proprietorship and partnerships can use DBAs as their business name instead of their surnames. Formal business structures like LLCs and corporations can use DBAs as a means to rebrand their name, add new brands, or change the name they are using as their business name. DBAs are not a business structure and are not separate legal entities. They also do not provide asset protection or liability protection to informal business structures. For state-specific guides on how to form a DBA, check out the pages linked below, and for a more detailed guide, visit StartupSavant.com. (gentle music) Give the video a like if you found it useful. and subscribe if you'd like to see more. And if you have questions or encounter any roadblocks, leave a comment below. Good luck on starting your small business.