Can I open a bank account before my DBA is filed?
You should not be conducting business under your fictitious business name until you have filed a DBA statement. In addition, most banks will not allow you to open a business bank account until they see proof of the filed DBA. When you are doing business under a company name, you need a company bank account to accept payments. Most banks have policies regarding DBA statements. Make sure to keep the original copy for your records in case you need it for future transactions.
Do I need a DBA if I’m operating a sole proprietorship under my personal name?
No. DBA filings are only required if you are operating a sole proprietorship or partnership under a name other than your personal legal name or last name.
Will my DBA expire?
A fictitious business name statement expires 5 years from the date it is filed in the office of the County Clerk . A renewal of a fictitious business name statement must be filed within 30 days prior to the date of expiration if you intend to continue doing business under that name as long as there are no changes from the original. A renewal only requires completion of the application. A renewal does not require publication.
What are the advantages and disadvantages of filing a DBA?
Generally, a DBA is required if your business is structured as a sole-proprietorship or a partnership (this is because your legal name will be different from the business name). By structuring your business as a sole-proprietorship or a partnership, you will keep ongoing business costs low and filing requirements simple.
How do I change a DBA name?
You can change your DBA name by first filing a “termination/abandonment” of DBA for the old name and then re-registering a new DBA filing with the new business name.
If I change the business address, am I required to update the DBA records?
You are required to file an updated DBA to document all “material” changes. A change of the business address, business structure, and business name are all considered material changes.
Who is required to sign the FICTITIOUS BUSINESS NAME form?
If the registrant is an individual, the statement shall be signed by the individual; if a partnership or other association of persons, by a general partner; if a limited liability company, by a manager or officer; if a business trust, by a trustee; if a corporation, by an officer.
Do I need to file anything if I stop doing business under my FBN name?
A person who has filed a FBN may, upon ceasing to transact business in Los Angeles County under that fictitious business name, file a statement of abandonment of use of fictitious business name. The statement is executed, filed and published in the same manner as a FBN.
What does a Los Angeles County DBA name or FBN filing do for me?
The most important immediate use of a Los Angeles County DBA name is the ability to open a bank account in the name of the business. It also establishes a legal proof of business name ownership and use.
How long is a Los Angeles County DBA name of FBN registration valid for?
Los Angeles County DBA name filings are for a period of FIVE years, after which a renewal must be filed, or you will need to start over again with a new DBA filing.
Can I change the name or address or owner after a Los Angeles County DBA name is registered?
No, if any information such as owner’s name, business address or DBA name changes, you must start over and file a new DBA.