3 ms·
Create a DBA for the new name under the current Corp
by hn2022hn2022 3y ago
Create a DBA for the new name under the current Corp
- bananaFund 3y agoDo investors write check or wire money to the company name or founders’ names?
- eszed 3y agoCompany name. That's why you form a company: to separate you from the company, and limit your financial liability. Once you've filed your DBA, and have the paperwork in-hand, go talk to the bank that holds your corporate bank account (you do have a corporate bank account, right? See above). I don't know their exact process, but they will attach the DBA name to the corporate bank account, so that you can receive funds to it under that name.
- bananaFund 3y agoThanks! Another question: do investors care about the legal entity's name? Creating a DBA seems only allow you to put [Old Name, Inc.] DBA [New Name], for which old name will still be on it.
- eszed 3y agoThis is beyond my experience. At some point I expect they'll find out the old name, but the only time I know you'll be obliged to include the corporate name will be on a contract, and if they've got to the point of signing a contract with you, then I doubt it'll be an issue. However, someone else will be able to give you a more certain answer than I can. I don't know why you're so concerned about your corporate name, but if it's something really weird, or something totally antithetical to the product you're selling, you might rehearse a clever and self-deprecating answer. Maybe even something as simple as, "yeah, we pivoted. Obviously", in the right tone of voice, will dispel questions.
- bananaFund 3y agoAlso I file DBA in Delaware or California, the state I live?