A New York Certificate of Discontinuance of Doing Business Under Assumed Name (Discontinuance of DBA) is a legal document that is filed with the New York State Department of State to discontinue the use of an assumed business name. Also known as a DBA (Doing Business As) or Fictitious Name Certificate, this document is required for any business or individual conducting business under an assumed name in the state of New York. The filing of this document is required to discontinue the use of an assumed name, and to help protect the public from any fraudulent activities. The Certificate of Discontinuance of Doing Business Under Assumed Name (Discontinuance of DBA) can be filed either for a single individual or a business entity. The two types of New York Certificates of Discontinuance of Doing Business Under Assumed Name (Discontinuance of DBA) are: 1. Certificate of Discontinuance of Doing Business Under Assumed Name (Individual): This document is used when an individual wishes to discontinue the use of an assumed business name. 2. Certificate of Discontinuance of Doing Business Under Assumed Name (Entity): This document is used when a business entity wishes to discontinue the use of an assumed business name.
New York Certificate of Discontinuance of Doing Business Under Assumed Name (Discontinuance of DBA)
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FAQ
A DBA is required whenever a business is operating under a name other than its legal name. In the case of a sole proprietorship, you will need a DBA if you are operating under a name other than your own personal name. Partnerships in NY must always file a DBA in all counties where they transact business.
New York law requires that a company use its true legal name to conduct business. Thus, companies seeking to use a name other than their true legal name must file for a DBA. DBAs can be useful for a number of reasons. They allow a business to open a bank account and process transactions under a different name.
In New York State, DBAs have no expiration date and renewals aren't necessary. You do, however, need to file a Certificate of Discontinuance if you're no longer conducting business.
Businesses that conduct business under a name that is not their legal name need a Certificate of Assumed Name. This certificate is also called the "doing business as (DBA) certificate." Businesses must file the certificate with the New York State Department of State (NYSDOS).
After You Get Your DBA in NYC There are no annual renewal requirements; the trade name is yours for the foreseeable future. If you decide to cancel an assumed name for a corporation or LLC, you'll file a Certificate of Discontinuance with the state and pay a $25 fee. Paperwork and fees for county filings may vary.
Complete and file the Certificate of Amendment with the Department of State. The completed Certificate of Amendment, together with the statutory filing fee of $60, should be forwarded to: New York Department of State, Division of Corporations, One Commerce Plaza, 99 Washington Avenue, Albany, NY 12231.
Complete and file a Request for Cancellation of Reservation of Name with the Department of State. The filing receipt entitled ?Certificate of Reservation? issued by the New York Department of State must accompany the request to cancel the name reservation.
A DBA is required whenever a business is operating under a name other than its legal name. In the case of a sole proprietorship, you will need a DBA if you are operating under a name other than your own personal name. Partnerships in NY must always file a DBA in all counties where they transact business.