Who’s Minding the Store When You’re Minding Yourself?
- June 1, 2013
One of the challenges in owning a closely-held business is that it’s hard to get a day off. That’s come to mind for me as I’m en route to California for the rest of the…
Read More![How to properly use a fictitious business name? [Q&A]](/wp-content/uploads/2021/06/GetKeepClients_iStock-642501464.jpg)
November 17, 2017
Q.: Can you use “LLC” with your DBA names? A.: No. Here’s the fuller story. You form an LLC for your social media consulting company: Best Brains LLC. Six months later, you start to offer blog copywriting services as a specific line of business, which you call Best Blogs. That sparks an educational/coaching teleclass (or webinar–take your pick) that you want to offer as yet another income stream to small business owners on planning, writing, and implementing a business blog that generates revenue. You call the course Biz Blog Boosting. (Boy oh boy!) You file a “fictitious name statement” (the legally fancy name for DBA–“doing business as”) with your state’s Secretary of State. So can you refer to your blog writing services as “Best Blogs LLC”? Or your course as Biz Blog Boosting LLC? Once again, no. Why not? In short, because your DBAs are not their own business entities. A DBA is simply another way of referring to your company (or, a division of your company). It is not a separate entity in and of…
Continue ReadingOne of the challenges in owning a closely-held business is that it’s hard to get a day off. That’s come to mind for me as I’m en route to California for the rest of the…
Read MoreI recently spoke at a seminar on the subject of buying and selling a business. One of the most common reasons that sellers don’t get the price they want is that they wait until the…
Read MoreAs you probably know, one of the great advantages for businesses in outsourcing to independent contractors is that they don’t have to pay the whole array of taxes that they do for employees. The IRS…
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