Managing Texas DBA
You can apply for a Texas DBA online as it is required by different types of businesses transacting in the state. However, it is also important to identify certain requirements related to the Texas assumed name or trade name like managing of the DBA, which could vary from renewals to canceling or abandoning such a name. Let us take a look at three different aspects of managing an assumed name certificate in Texas.
How to renew Texas DBA?
Once you apply for a Texas DBA online, the assumed name will be valid for a period of years effective from the date of initial filing. If you wish to continue with the same assumed name after years then you will be required to apply for a new assumed name certificate in Texas prior to the expiration date of the existing DBA certificate pursuant to TX Bus & Com Code § 71.151 (2019). The renewal will be for a period of years and you will have to file Form 503 – Assumed Name Certificate.
The fee to apply for a Texas DBA online for renewals is $25 and has to be filed with the office of the Texas Secretary of State. You can also file the same with the office of the County Clerk in the similar manner as you had filed the assumed name certificate in Texas initially.
How to change Texas DBA?
In order to make any changes to your assumed name certificate in Texas, you will have to complete the legal registration process or the initial process of applying for an assumed name. Filing a DBA in Texas all over again is governed by TX Bus & Com Code § 71.152 (2019) where it specifies that you will have to apply fresh if there is a requirement for change in the assumed name, change of entity, identity, type of business (like partnership to LLC) or location of the individual registering the name. The filing fee will be the same, which is $25.
How to cancel Texas DBA?
The cancellation of a DBA is known as “Abandonment of Use” in Texas. According to TX Bus & Com Code § 71.153 (2019), you can file a statement of abandonment of use of the Texas assumed name with the office where it was initially registered. If you had filed the Texas DBA online application with the office Secretary of State then you will have to file with the same authority for cancellation of trade name. If you have filed with the office of the County Clerk then you will have to file with the county.
For Example: If your filing a DBA in Texas was with the office of the Rockwall County Clerk then you will have to file a Statement of Abandonment of use of a business or professional name. If you had filed a Texas DBA online application with the Travis County Clerk Office then you will need to submit a Certificate of Abandonment of use of assumed business or professional name. The fee for canceling or abandoning an assumed name will differ from one county to another.