Guam Assumed Name Certificate is a legal document that allows individuals or businesses to operate under a name other than their legal name. It grants them the right to conduct business using a trade name or "Doing Business As" (DBA) name. The Assumed Name Certificate is essential to ensure transparency and regulatory compliance while conducting business in Guam. Obtaining a Guam Assumed Name Certificate requires the applicant to file an application with the Guam Department of Revenue and Taxation. The application typically includes relevant information such as the applicant's legal name, address, and contact details, along with the proposed assumed name. Additionally, applicants may need to pay a filing fee as mandated by the authority. There are two main types of Guam Assumed Name Certificates: 1. Individual Assumed Name Certificate: This type is utilized when a sole proprietor or individual wants to use an assumed name for their business. It allows them to separate their business identity from their personal legal name. 2. Corporate Assumed Name Certificate: Corporations or other business entities that seek to operate under a different name than their legal name can obtain this certificate. It provides them the flexibility to establish a brand or operate multiple businesses under distinct identities. Both types of Assumed Name Certificates provide legal recognition for individuals or businesses to operate under fictitious names. This enables them to engage in commercial activities, open bank accounts, sign contracts, and perform various other business transactions. It is important for individuals or businesses to renew their Guam Assumed Name Certificates periodically, as the certificates are typically valid for a specific duration, often ranging from one to five years. Failure to renew the certificate can lead to legal consequences and hinder the smooth functioning of the business operations. In conclusion, the Guam Assumed Name Certificate is a crucial legal document for individuals and businesses seeking to operate under a name other than their legal name. It offers transparency, identity separation, and regulatory compliance, enabling them to conduct business comfortably. The two main types of certificates, individual and corporate, cater to the different needs and structures of businesses operating in Guam.
Guam Assumed Name Certificate
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How to fill out Guam Assumed Name Certificate?
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Ready to Start a Business in Guam? Pick a Business Structure. Name Your Business. File Formation Paperwork. Draft Internal Records. Get Guam Business Licenses. Get Business Insurance. File the Guam Sworn Annual Report. Build Your Business Website.
In order to establish a business entity on Guam, you must obtain a business license prior to starting business operations. Business entities other than sole proprietorships must also register the type of entity they will be operating under.
An assumed business name, also called a DBA (doing business as) name, is used by an entity that is conducting business under a name that is not its legal name. Any business that uses an assumed name should take steps to comply with the assumed name statutes in the state(s) in which it does business.
Businesses in Guam that regularly transact business in Guam under a name different from their legal name, must file a DBA.
How to Start an LLC in Guam Name Your LLC. ... Designate a Registered Agent. ... Submit LLC Articles of Organization. ... Write an LLC Operating Agreement. ... Get an EIN. ... Open a Bank Account. ... Fund the LLC. ... File State Reports & Taxes.
Guam LLC Articles of Organization are filed with the Department of Revenue and Taxation's Business License Branch to form a limited liability company. The filing fee is $250, but the other filing requirements are relatively commonplace and straightforward.
You'll need your social security number, phone number, EIN, and GRT number (which is given to you upon your initial visit to the One Stop Licensing Center). You'll need to include your full name, file number, mailing address, business location address, and a description of business activity.
For the purposes of starting a US LLC, non-citizens living inside or outside of the US can both legally form a US LLC. However non-citizens don't all fall into the same category.
