Michigan is the land of opportunities—from the lumber yards of the Upper Peninsula to the auto industry in Detroit. Starting a limited liability company (LLC) may be your best decision regardless of where you plan to make your mark in this business ecosystem. Any business wishing to reduce its personal liability from lawsuits or debts…
There will always be law differences between states. Our answer covers what is most commonly seen throughout the US while also pointing you in the right direction regarding state differences. LLC organizations regularly enquire about DBAs, how they affect the running of your LLC, and if there are any negative impacts to filing for new…
If you’re a sole proprietor in Michigan, “Doing Business As” (DBA) under a “trade name” or “fictitious name” can help you diversify your offerings while keeping all your accounts under the same umbrella entity. But what if you want to expand and have multiple DBAs? A sole proprietor can file for multiple DBAs, but they…
A lot goes into setting up a business. Conducting market research, writing a business plan, renting a space, getting your tax IDs, etc. Picking a business name is one task on an endless list. For that reason, it’s easy to forget to check whether the associated domain name is available before formalizing your business name.…
A lot goes into starting a new company. From squaring away all your tax information to ensuring you have all the right vendors lined up to create a strong brand, there’s no shortage of things to do. Many small business owners and independent contractors who open LLCs eventually ask — do I need a DBA…
Naming your company can be tricky. You’ve spent hours brainstorming unique ideas that embody what your company will stand for. But there’s one problem. What if the name is the same as another company? In this guide, we’ll explain whether you can have the same DBA name as another company and the benefits of having…
DBA is an acronym for “doing business as” and can occasionally be referred to as a trade, fictitious, or assumed business name. Regardless of what you call it, a DBA allows business owners to operate under a state-registered alias separate from their legal name. The process for filing for a DBA is relatively uncomplicated, but…
Naming your business is top of the to-do list when formulating your company. You want one that stands out and tells people what you sell. You want it to be memorable yet easy to pronounce. However, finding a name isn’t enough. You must adhere to your state laws around an LLC name. We’ll tell you…
Filing as an S corporation, also known as S subchapters, offers several tax savings, making them appealing to business owners. S corporations don’t pay taxes on revenue—the owner does. The business structure allows the S Corp to avoid double taxation, unlike a C Corps, where the business and the owner must pay income taxes. Business…
You’ve recently started a business and have started representing your company to customers, vendors, and other entities—but should you do these transactions under your name or look into filing for Doing Business As (DBA)? DBA is a status that many small and startup businesses use to legitimate their enterprise and establish themselves as an actual…