It’s required to open a bank account and receive payments in the name of your business. If you’re operating as a sole proprietor and using a name other than your own legal name you’ll need to file for a DBA. Importantly, there are some circumstances that require securing a DBA. Other terms for DBAs include Fictitious Business Name, Trade Name, and Assumed Business Name. This process is known as registering your “Doing Business As” (DBA) name. Keep in mind, however, that if you use a name other than your own legal name you must register it with the appropriate authorities. Many business owners choose to use not their personal name but one that establishes a distinct company identity and communicates what they do or sell. LLCs - Forming an LLC can protect your assets.Name recognition and branding are crucial to a company’s success, and a unique business name can have a lasting impact.Divorce Overview - A uncontested divorce can help you divide property.Living Trusts - Create a living trust to protect your property and your beneficiaries.Power of Attorney - A durable power of attorney allows someone to act on your behalf.Legal Forms - Save time and money with LegalZoom's online legal forms.Last Will - A personalized legal document.If you intend to do business under a name other than a legal name, you will need to file a DBA. Sole Proprietorship - Although the simplest form of business, sole proprietorships are not considered a separate legal entity and do not offer owners limited liability protection. S Corporation - Providing many of the same benefits of a traditional C Corporation, an S Corporation provides both personal liability protection with the added flexibility of pass through taxation, avoiding double taxation of a traditional C Corporation. Corporations are also required to perform certain formalities such as holding annual meetings and keeping detailed corporate records (minutes). LLC - Quickly becoming the most popular way to start a small business, LLCs offer the same personal liability protection aspol a corporation, but with great tax and management flexibility.Ĭ Corporations - Offer personal liability protection, tax savings, and increased opportunities for raising capital.
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