Another tax time has come and gone. If you’re self-employed operating as a sole proprietor, tax time can be yet another reminder that you haven’t addressed your business structure yet. Maybe you started your business as a side project, and a sole proprietorship made sense. But is it best for your needs now?
It’s been our experience that, for the most part, timeliness is second only to price for many of our customers. And interestingly enough, customers tend to be concerned mostly with how long it takes to file for one of three things: DBA ‘Doing Business As’ names, copyrights, and trademarks.
Selecting a business entity is one of the most important decisions you will make when you start your business. Each of the options you have will have their own strengths and weaknesses, and this guide will prepare you to make the right decision.
If your business conducts business in one state but is officially incorporated in another, then it is considered a foreign corporation. This article details the steps you must take to qualify as a foreign corporation in order to legally do business in that state.
If you want to do business using a business name, as opposed to your personal legal name, then you’ll need to file a DBA. This article discusses the purposes of a DBA, and how their use might differ if your business is a sole proprietorship, LLC, or corporation.
There are many reasons why a business may want a DBA. For sole proprietors and partnerships, the legal name of their business is their personal name. For those who do not want to use their personal name as their business name, a DBA may be of some value.
Almost every business requires a permit or license of some kind. But the specific requirements will vary from place to place, making it difficult to know what you need when you are just getting started. Knowing where to look will save you lots of time and energy in the licensing process.