Since I’m starting out very small. I think I’ll just get my Dba to open business account, credit, P.O. Box, etc...and then once I start to see more income coming in then I’ll switch it over to an LLC
Hi Kali! A DBA doesn’t form a legal business entity, but it allows you to legally carry on your business under a name that differs from your personal name. If you have any business related concern, don't hesitate to book a free consultation with us go.mollaeilaw.com/start
Hi @zmack1830, Yes, you can operate a "Doing Business As" (DBA) under an LLC. For example, if you have XYZ LLC, you can also register a DBA to conduct business under a different name, like XYZ LLC DBA GHJ. This is often used when a business wants to run multiple brands or ventures under the same LLC without forming separate legal entities for each one. While the LLC remains the legal entity, the DBA allows you to use a different name for business operations, marketing, or branding. To register a DBA, you'll typically need to: Check if the name is available in your state. File for a DBA registration with the appropriate state or local agency. Pay any required fees. This allows you to maintain the legal protections and structure of the LLC while operating under a different name publicly.
If I form a DBA how do I go about submitting my tax return? Would I file as a sole proprietor/self employed? And if so, the taxes for being in that category seem awfully high for not even having an LLC.
Hi David, I understand that you would like to learn more about the types of tax returns you will filing for a DBA. I recommend that you speak with a business tax account for clarity to your question. If you would like to learn more about DBA's and LLC's and how each one will serve you, feel free to book a free call using the link below: go.mollaeilaw.com/start
Awesome video! Question: In new biz set-up, how soon does an LLC need to be acquired? No sales will be achieved for 9-12 months down the road--just money going out. Thanks! Subscriber
Hi SaltLifeGull, I understand that you would like to learn more about LLC. To provide you with a clear answer, feel free to book a free consultation using the link below: go.mollaeilaw.com/start You may also email us: sam@mollaeilaw.com
Hi, this is very informative. I am in the process of two businesses. One is sewing and the other is a hair company. My company name will be my sewing business name but my hair bundle will be under the business but under another name. What is the steps in picking the right license. Do I get 2 business llc? Or one llc and hair company dba? Thank you.
I have a question....my startup company is registered as an LLC. It belongs to me and another family member. From what I know, we are a partnership LLC. what is the difference between a partnership and an s-corp? Is one better than the other and when is it appropriate to use each? Is the process of changing it from one to the other expensive or long? Thanks. -Maria
Hi Maria! Great questions! When comparing a partnership vs. S Corp, it's important to look at the pros and cons of each as you set up your company's legal structure. In addition to these options, other structures include C corporations, LLCs, and sole proprietorships. Of all of the available business entities, only corporations and LLCs are separate legal entities. Corporations are further split into two types: S Corp and C Corp. Both are clearly outlined and defined by the IRS tax codes. One of the benefits of an S corporation is the fact that profits can pass through the business to the owners. Because of this benefit, many company owners opt for this legal structure. An LLC does have some advantages over an S corporation, so it's important to review these advantages before deciding on a business structure. Choosing to run your business as a partnership or an S corporation will come with several effects, especially relating to taxation and management. If you have more questions, you can book a free call wit us here go.mollaeilaw.com/start
oh boy well i have LOTS of questions! but i'll start with this one: does it make a difference if you have a sort of part time business? If i provide a service to clients that isn't on a regular basis, does a DBA or LLC have an advantage? thanks, great vid!
DBA is not a business entity it only allows you to use a fictitious name if you don't want to use your first and last name. As someone who does part time business, you are already considered as a Sole Proprietor, but if you want to protect your personal assets from your business, then it's better to form an LLC. If you have more questions, you can book a free consultation with us go.mollaeilaw.com/meeting so we can help you better.
Hi ali_sparks, I understand that you would like to learn more about your LLC. To provide you with a clear answer, feel free to book a free consultation using the link below: go.mollaeilaw.com/start You may also email us: sam@mollaeilaw.com
Thank you very much for this video. A quick question - my wife and I are both planning to start different coaching/consulting practices in different fields. To avoid the added cost of creating independent LLCs for each of our practices, we were planning to create one LLC and have a separate DBA for each of us under this LLC. Is this a viable option and will we still have the same liability protection if we operate under different DBAs within the same LLC?
Hi Sagar Mylab, you can have multiple businesses under one LLC. This is accomplished by simply running all business activity within one LLC. To provide you with a clear answer. Feel free to book a free consultation using the link below: go.mollaeilaw.com/start You may also email us: sam@mollaeilaw.com
Hi Chase Sama, glad it was helpful. Feel free to book a call with us: go.mollaeilaw.com/meeting and we'll be very glad to help you with your business concerns. You may also email us: sam@mollaeilaw.com
Hi Mario 817, deciding whether to operate your lawn business as a DBA or form an LLC depends on various factors. Here are some considerations to help you make an informed decision: Personal Liability: With a DBA, there is no legal separation between you and your business. This means your personal assets are at risk if your business faces legal issues or debt. On the other hand, an LLC provides limited liability protection, separating your personal assets from your business obligations. Business Credibility: Having an LLC can often enhance your business's credibility and professionalism. It signals to clients and partners that you are a legally recognized entity and potentially instills more confidence in your services. Tax Implications: Both a DBA and an LLC have tax implications, but the specific details can vary depending on your jurisdiction. Consult with a tax professional to understand how each option may impact your tax obligations, including reporting and potential deductions. Future Growth and Expansion: If you plan to grow your lawn business, an LLC offers more flexibility and scalability. It allows for the addition of partners, the issuance of shares, and the potential to attract investors if needed. Considering these factors, forming an LLC might be a beneficial choice for your lawn business. It provides personal liability protection and presents a more professional image. However, it's essential to consult with a business attorney or a qualified professional who can evaluate your specific situation and provide personalized advice based on your needs and goals. If you ever need help with any business-related concern, you can reach us here: calendly.com/mollaeilawconsultation/strategy-session, and I'll be happy to assist you with your query. You may also email us: sam@mollaeilaw.com
Great video but I have a question. I was currently hired as a Independent Contractor(1099) for a trucking company. I will be driving the owners trucks but maybe in a year or so I’m thinking about purchasing my own truck. For the time being should I just get a DBA for tax purposes(tax deductions and write offs) then once I start my own company, transfer to a LLC?
Hi Timothy! Registering as DBA is for sole proprietors who don’t plan to use their first and last name for their business. But as I may suggest, you can form Single-Member LLCs which would allow you to keep your business and personal funds separate. Also, the income taxes can be filed with Schedule C of your individual personal return. Or you can book a free consultation with us at go.mollaeilaw.com/meeting so we can talk about which business entity would best fit for you as an Independent Contractor.
Hi Stacey, i am happy to hear you are a mobile notary and a loan signing agent. People who are in the mobile notary and loan signing agent business typically prefer to set up a company. This allows you to separate your personal from your business. If you have more questions about DBA's, EINs, and LLCs, feel free to book your free consultation below: go.mollaeilaw.com/start-here
I was looking into flipping pallets..I know I need a seller's permit but if I had to get one of the business license which one would u recommend me getting? If not could I just start selling without a LLC or DBA? I was just going to do this as a side hustle.. nothing too deep
Hi Allison, I understand that you are looking into flipping pallets as a side hustle. To answer your question, you will be required to register a business license in the county that you live in. Depending on your current situation, you may want to consider registering a LLC or DBA prior to flipping pallets. Will you be reselling the pallets on Amazon? or do you have your own store? If you would like to learn more about DBA's, LLC's, Seller's permits and Business Licenses, please book a free call using the link below: go.mollaeilaw.com/start
Hey Ryan! I understand that you are curious about starting a DBA and then eventually transforming it into an LLC. LLC's are separate business entities, which means you will not need to transform the DBA into an LLC. Instead, you will create a new LLC. If you have additional questions, Please book a time to speak with me directly here: mollaeilaw.com/meeting I look forward to speaking with you. Talk to you soon!
Hi Liz! You should absolutely form an LLC to protect yourself from Liability. A DBA will not protect you. When you form your LLC you can also get your DBA to use in addition to your LLC. If you would like my assistance, I'd be happy to help you! Email me at sam@mollaeilaw.com
Hi Oliver, I hope you are doing well. I understand you would like to start a small landscaping business. To provide you with more clarity regarding DBA or LLC, I would need to better understand your business goals. Feel free to book a free consultation using the link below: go.mollaeilaw.com/start
Is it possible to form an LLC with a general name and then possible to have different business entities under that one LLC. It’s been my understanding that 9 times out of 10 people are making the LLC. I imagine then sometimes operating DBAs underneath s main business name. Your video states the LLC and DBA as one or the other and I never knew that this is how it could or should be but please help answer about DBAs formed underneath LLCs. Is it possible? What are the benefits and what are the potential negative factors? Thank you very much Bryan Edit: I’m gonna leave my comment on here but I just noticed right as soon as I dropped it I go down one video and there’s another one from your channel about the five reasons for doing a DBA with an LLC so I think you’ve already answered my question, and maybe the DBA under LLC came after this video. Thank you.
Hi Bryan P, just let me know if you have additional questions. If you ever need help with any business-related concern, you can reach us here: calendly.com/mollaeilawconsultation/strategy-session, and I'll be happy to assist you with your query. You may also email us: sam@mollaeilaw.com
Hi Taylor, in this situation we generally suggest that you purchase a virtual address. These services charge around $10 per month and can provide you with an address in your state of incorporation. The benefit is that your home address will not become public information on the state website.
Hi Dejuan, I hope you are doing well. I understand that you have a RUclips business. Typically, entrepreneurs start LLC's for their RUclips business based on certain factors and goals. a DBA allows you to do business as, however, DBA's do not provide the same LLC benefits. If you would like to learn more about which option is best for you, DBA vs. LLC, please book a free call using the link below: www.mollaeilaw.com/start
So I have an LLC that I started a while back. I'm now looking in to branching out in to other business ventures. Is just simply filing a dba under my current llc possible, a good idea, or should I create a new llc for my new business adventure. Unfortunately I didn't structure my first llc as an umbrella. Its a single member llc that was created and file to be doing business in real estate. So I'm not sure if since its not structured as an umbrella llc if I can dba for other niches.
Hi Oompa! This is a great question. But I would highly suggest that you open another LLC for that new specific business. This is to protect you and your other businesses, if in any case this new business have to face liabilities and legal circumstances. Please email me at sam@mollaeilaw.com so I can better help you.
Hi I currently have an LLC in the home improvement industry and would like to rebrand to a different name with a DBA. will I still have benefits of an LLC like someone not going after your property etc ? Thanks in advance
Hi Artie Schierenbeck, obtaining a DBA does not change your LLC's legal structure or protections. It simply allows you to do business under a different name. So as long as you continue to operate your business as an LLC, you will still have the benefits of limited liability regardless of the name you choose to use in your branding. If you ever need help with any business-related concern, you can reach us here: calendly.com/mollaeilawconsultation/strategy-session, and I'll be happy to assist you with your query. You may also email us: sam@mollaeilaw.com
Just a friendly reminder to book a call or contact us if you need any assistance. We’re here to help! You can reach us at sam@mollaeilaw.com or schedule a session through this link: calendly.com/mollaeilawconsultation/strategy-session
Q? If I already have an LLC but want to expand the nature of my business. Can a DBA allow that with the protections? Ex: LLC in health and beauty but want to also do taxes using a DBA without creating a new LLC. Is this the best way?
Hi George Ductan, you can have multiple businesses under one LLC. This is accomplished by simply running all business activity within one LLC. You can use a "Fictitious Name Statement" or a "DBA" (also known as a "Doing Business As") to operate an additional business under a different name.To provide you with a clear answer. Feel free to book a free consultation using the link below: go.mollaeilaw.com/start You may also email us: sam@mollaeilaw.com
can I start with a DBA and then later create an LLC, for example start Kinos Concrete Services as a DBA then when ready make it Kinos Concrete Services LLC ?
Hi J.C! When you register your business as a DBA, or doing business as, and want to change it to a LLC, or limited liability company, you go through the process of registering the LLC as you would any business. Because a DBA is a registration to use a business name, it is not a business structure as is the case with a LLC. I hope this helps. If you still need assistance on any business-related concern, please don't hesitate to reach us here: go.mollaeilaw.com/meeting
It is important to have a separate LLC for each category of business that you engage in. It is not required, however, it is recommended. For example, if you have an LLC that has a car dealership in it that also serves as a restaurant, then you are putting all your eggs into one basket. You can have multiple businesses under one LLC. This is accomplished by simply running all business activity within one LLC. If you have any further questions, book a free call with us here: go.mollaeilaw.com/meeting.
Which would be best for a ecommerce site selling products? I am already part of a LLC, but wondering if I should create a seprate LLC or just do a DBA (From a LCC operating in other businesses)
Hi! I suggest that you set up separate LLC for each of your business. DBA is not a business entity. It only allows you to use a Fictitious Name if you don't want to use your real name for your business. Putting up separate LLC will give protection for each of your business if something happens to another. You can book a free consultation with us go.mollaeilaw.com/start and we will be glad to help you.
Hi 7Suave, LLC is superior than a DBA for many reasons. If you would like to learn more about the benefits of an LLC, feel free to book a free consultation using the link below: go.mollaeilaw.com/start-here
Hi! Thanks for the video. I have three different business ideas - foreign language tutoring/education, translation and transcription, and travel. Wondering if I should set up just one LLC and do a couple of DBAs under the one LLC? Also if I do one LLC with some DBAs under it would it be considered one business for taxes, bank accounts, etc or would I still have separate bank accounts etc. for each sub-business?
Hi Heather! This is a fantastic question. This is something we should talk more about over a call. go.mollaeilaw.com/meeting For some general guidance, this is my advice to clients with multiple business ideas. Among our clients, we usually see people fall into two groups: Group A: The first is those who have little money, perceive their risk to be high, and are testing out business models and how to make money. They’ll often have multiple businesses under one LLC, have one bank account...etc. Group B: The second is a more experienced business person. They’ve established profitability or are confident in what they’re doing. They decided to “do it right” from the start, form two LLCs, and keep the liability separate.
Ok so I want to create an LLC. But i have 3 other businesses under the same LLC name but for each business i can have 3 DBAs? Is DBA same as registering your business in your state?
Hi Doris, generally it is not recommended to have multiple businesses under one LLC. This is similar to putting all of your eggs into one basket. By having the three businesses operate under one LLC you put the others at risk if one gets into a bad situation. However, if it is really all one business and you simply just have a different business name for certain services, then a DBA is fine. You can have multiple DBAs for the same LLC
Hi Ramon! First, a DBA is not a business entity. It only allows you to use a fictitious name other than your own name. While an LLC is a business entity that protects its owners from personal responsibility for its debts or liabilities. You can book a free call with us so we can discuss and recommend you which is best for your Martial Arts business. go.mollaeilaw.com/meeting
Thank you for your video ! As a mobile massage therapist with liability insurance, I'm truly not sure which of the two would be best for me ? Any recommendations?
Hi Sal! DBA is not a business entity. It only allows you to use a Fictitious Name for your business. As for your question, we recommend forming an LLC if you want to protect your personal assets from your business. You can book a free call with us here go.mollaeilaw.com/start so we can assist you with your LLC.
Hi TourismFun, no. A DBA is a legal requirement to operate your business with a trade name or a professional name different from your registered legal name. A sole proprietorship is a legal structure (like LLC or Corporation), and a DBA is not. Feel free to book a free consultation using the link below: go.mollaeilaw.com/start You may also email us: sam@mollaeilaw.com
Hey can I have Muliple LLCs? I want to start an an affiliate marking agency thats one LLC, but ill multiple sites catering to different niche topics, does every site need to be a LLC or can they all just fall under my agency’s LLC?
Hey Haley, thank you for your question. You may have multiple LLC's for your different niche topics. If you would like further clarification, please book a free consultation here: go.mollaeilaw.com/meeting
Hi Brandon! We always recommend having an LLC as it will protect you from liability. If you have further questions, please email us at sam@mollaeilaw.com
Hi Mollaei. I want to start an engineering consulting company (most likely LLC). The question is - do I have to have a liability insurance? Is it required by law or it is something "nice to have"? Thank you,
Hi Davit, LLC is most common/Default. Taxed as Disregarded Entity. Simplest structure and best for overall personal liability protection. Your personal assets are separate from your business. If you need help on any business related concern, please feel free to book a call with us here: go.mollaeilaw.com/meeting so we can assist you better.
Hi @Johnsonn7, yes, it is possible to obtain a DBA (Doing Business As) and then file for an LLC (Limited Liability Company), or vice versa. Remember that the specific requirements and procedures for obtaining a DBA and forming an LLC can vary depending on your jurisdiction. If you ever need help with any business-related concern, you can reach us here: calendly.com/mollaeilawconsultation/strategy-session, and I'll be happy to assist you with your query. You may also email us: sam@mollaeilaw.com
I want to sell things on Amazon. However, I want to label my own brand name on the products. Basically retail arbitrage. Do I need to have a LLC or a DBA for each separate item I decide to sell or will I be able to sell multiple products with my brand name on it under one LLC/DBA brand name? Lets say for instance I want to sell hats, hair oil and shoe strings. I plan to retail arbitrage them. I will brand these different items under one business name. Basically just throwing my logo on the product. Is this allowed? And I know if I decide to create my own design I’ll need to copyright each design. But, if I decide to just resale and logo a product, do I have to copyright each item? I understand I’ll need a DBA/LLC for tax purposes. Finally, for retail arbitrage, do you think a DBA or a LLC is necessary? Sorry if I’m asking too many questions. After hours and hours of research, I’m still so confused.
There is something you have to understand about selling on Amazon , if you put your brand name or logo on items you want to sell on Amazon this is not called retail arbitrage ( flipping clearance items ) !!! If you plan to sell with you own label / logo it’s called private labeling and it’s subject to different rules on Amazon then retail arbitrage . You can check Amazon sellers center to clarify some of this questions.
@@lamiamadi820 So am I!!! I don’t plan on listing SHIT until I know what Im doing. Someone just asked me on a separate video what to do because they listed an item and its not working. I just shook my head🤣🤣
@@lorddale2212 I understand that you have a couple questions about setting up an LLC and whether you should use a LLC or DBA for your business. If you would like, feel free to schedule your consultation below: go.mollaeilaw.com/start
What if it's a business, like... Coca Cola Inc, forming a DBA say... Sprite. Does that make only Coca Cola and not it's owners financial responsible or... should they get Sprite LLC stating Coca Cola Inc as the RA/Owner of said company and thus stops the liability at Sprite LLC and protects Coca Cola Inc.
Hey Luvv Heat, it's Sam Mollaei, business lawyer for entrepreneurs. We've assisted more than 5,000 entrepreneurs like you start their U.S. business so we can definitely help you start yours. To answer our question, take the next step and book a call to speak to us here: go.mollaeilaw.com/start or email me right away sam@mollaeilaw.com and we help you with your concern.
Hey Ibrahim Hadid, I understand you have some tax questions. Regarding difference between the types of tax write-offs between DBA and LLC, it is best to speak with an accountant. If you would like to learn more about what we can help you, please book a free call using the link or contacting the WhatsApp number below: www.mollaeilaw.com/start or WhatsApp: +1(818) 925-0002
Hi, thanks for your video! I have a question, is a DBA protected under an LLC? So let's say I have XYZ, LLC dba Sandy's Candles. Let's say someone sues my DBA Sandy's Candles. Are they technically suing my LLC?
Hi Sandra! Yes that's correct. That's why it would still be beneficial to create separate LLCs for each of your businesses, in this way if one of your businesses get sued, the other businesses are safe. I hope this helps, and if you need help on any business related concern, you can book a free call with us here: go.mollaeilaw.com/meeting
Hi Mollaei, thanks for the video. I'd like to know more about regarding the last thing you said, "consider a DBA if I'd like to operate my business under a different name". Let's say for an example that I have an LLC under the name of "JOESMOE LLC" including an EIN and a bank account under this LLC name, but I would like to operate under the name "REALTY BIZ Co." Do I need to connect or file with the state this name "REALTY BIZ Co." into my "JOESMOE LLC" business name? How does a DBA become legal? Also, at the same time, I do not want my personal assets be liable under this "REALTY BIZ Co." name. I'd appreciate the advice.
Hi, yes you are correct. When you have an LLC registered and you want to go by a different name, then you must register for a DBA in your state. This usually requires that you fill out a DBA application and inform the state that you have a registered LLC but would also like to have a DBA so that your LLC can go by another name. If you need further assistance with this, then schedule a call with us using this link! mollaeilaw.com/start/
Hi Amelia, in order to start a business credit line for a business, you must first have a us business bank account. If you would like to learn more about opening a us business bank account, please book a free call using the link below: go.mollaeilaw.com/start
I’m still not sure which to consider. I mean I’m not really in a volatile industry (marketing) so being sued isn’t really a big concern. However, I don’t want that fear of potentially being sued to be lingering in my mind. Thoughts?
Hi Austin! It's better to sleep peacefully at night knowing that your personal assets are protected if in any case your business has to face legal concerns. If there's anything we can help you with, please book a free consultation with us at go.mollaeilaw.com/start
Hi Juan Pascual, deciding whether to operate as a DBA or LLC depends on your specific needs and goals for your lawn service business. A DBA (Doing Business As) allows you to operate your business under a name other than your own legal name. It is a simple and cost-effective way to establish a business identity and start doing business under a different name. However, a DBA does not provide any legal protection for your personal assets and you remain personally liable for any debts or legal issues that may arise in the course of your business. An LLC (Limited Liability Company), on the other hand, provides personal asset protection by separating your personal assets from your business assets. This means that your personal assets, such as your home or car, are generally protected from business-related liabilities or debts. An LLC also provides flexibility in terms of management and taxation. Given that you are earning $30,000 in your lawn service business, it may be worth considering forming an LLC to protect your personal assets and provide greater flexibility in the management and taxation of your business. An LLC also provides a more professional image and can help build credibility with customers. If you ever need help with any business-related concern, you can reach us here: calendly.com/mollaeilawconsultation/strategy-session, and I’ll be happy to assist you with your query. You may also email us: sam@mollaeilaw.com
Hi Aaron! We only provide other legal services including forming LLCs and S-Corporations (the best way to protect yourself and save on taxes), applying for EIN or ITIN (personal tax ID for non-US citizens), drafting and reviewing contracts, registering trademarks, and offering business consultation to help you start and grow your business. If you need assistance on any business-related concerns, you can book a free call with us here: go.mollaeilaw.com/meeting
Hi DithsHauteSpot! Filing your DBA is done either with your county clerk’s office or with your state government, depending on where your business is located. There are a few states that do not require the registering of DBA. You can email me at sam@mollaeilaw.com so I can better assist you.
Hi @KeystyleMedia, yes, you can often attach a Doing Business As (DBA) name to your existing LLC. A DBA allows your LLC to operate under a different name than its legal name. This can be useful if you want to use a more marketable or specific name for your business. The process for adding a DBA to your LLC can vary depending on the state in which your LLC is registered. Should you ever need help with any business-related concern, you can reach us here: calendly.com/mollaeilawconsultation/strategy-session, and I'll be happy to assist you with your query. You may also email us: sam@mollaeilaw.com
Hi Susie La Luna, I understand that you would like to learn more about DBA. To provide you with a clear answer. Feel free to book a free consultation using the link below: go.mollaeilaw.com/start You may also email us: sam@mollaeilaw.com
Hi James! a DBA is not a business entity. It is used only if you want to use a fictitious name for your business. While LLC is formed if you want to protect your personal assets and separate it from your business. So to answer your question, it would really depend on your business goal and interest. Maybe we can have a meeting so we can explain this further with you and let's help you decide which one fits you best. You can book a free call with us here: go.mollaeilaw.com/meeting
Hi Al Siciliano, you can create an LLC to replace your sole proprietorship and DBA, but you must follow your state's specific requirements and procedures. Feel free to book a call with us here if you need help in any business related concern: go.mollaeilaw.com/meeting and we'll be very glad to help you.
Hi! Yes you can do that, especially if you don't want to use your first and last name on your business. Don't hesitate to book a free consultation with our team go.mollaeilaw.com/meeting so we can help you better.
Hi LOL YoGi, thank you for watching my video! While I do appreciate subscribers, my main goal is to provide valuable content and engage with viewers like you. If you find my videos helpful or enjoyable, I'd be thrilled if you decided to subscribe, but there's absolutely no pressure. Feel free to let me know if there's any specific topic you'd like me to cover in future videos. Thanks again for your support! If you ever need help with any business-related concern, you can reach us here: calendly.com/mollaeilawconsultation/strategy-session, and I'll be happy to assist you with your query. You may also email us: sam@mollaeilaw.com
DBA is not a business entity, it only let's you use other names for your business if you don't want to use your real name. If you are after protection of your business and personal assets, then I suggest that you register an LLC for that. If you have more questions and clarifications, please feel free to book a free consultation with us at go.mollaeilaw.com/meeting so we can help you better.
Hi! DBA is not a business entity, it only allows you to use a Fictitious Name or a different name if you don't want to use your real name as a Sole Proprietor. You can book a free consultation with us at go.mollaeilaw.com/start so we can help you start your online soap business. Let's discuss what business entity would best fit for your business.
Hi Tactical Bartender, I understand that you would like to learn more about business. To provide you with a clear answer. Feel free to book a free consultation using the link below: go.mollaeilaw.com/start You may also email us: sam@mollaeilaw.com
It will just protect the LLC's name and in that particular state only where you formed your LLC. If you're talking about the brand name or product name... You have to file a trademark for that which would be owned by your LLC.
Hi Eduwiges! Thomas Crane is correct. Your LLC only protects your other assets if in case your business gets sued. You have to file a trademark for the name of your business if you don't want it to be used by others. I hope this helps. If you need help in applying for your trademark, you can book a free call with us here go.mollaeilaw.com/meeting so we can assist you with your application.
I jst formed an llc but I have 3 different businesses and they have a different name or jst a part of my llc name is it best to form another llc or a DBA
Hi Diamond! That would depend on your business. If you want to protect each of your business assets, I would suggest to form an LLC for each one. If you want to discuss more on this, you can book a free call with us here go.mollaeilaw.com/start
Hi there! A DBA is a fictitious name (another name you can transact business as) while an LLC Series consists of a series of LLCs that function under the parent LLC. If you have more questions, please email me at sam@mollaeilaw.com
That was a question, but the creator just liked / hearted the comment and didn’t respond. Maybe just didn’t understand that they were looking for a response.
Hi heavyduty! In the case of a limited partnership, corporation, or limited liability company, it’s the name listed on the formation documents you filed with the state. An EIN is used for tax purposes, and your business is the entity that pays taxes. Your DBAs are just your business nicknames. If you need assistance on any business related concern, you can book a free call with us here: calendly.com/hello-mollaeilaw/consultation
Hi heavyduty, have you already scheduled a call? If not, kindly book a call using this link calendly.com/mollaeilawconsultation/strategy-session, and I'll be happy to assist you with your query.
@@michaelb3581 you can be your own agent. The only problem is if you are sued and someone wants to serve you papers and can't get ahold of you then you get in more trouble. Thats why its best to have a agent so they can reach out to you and serve you the papers instead.
Hi James, Ltd. can't be used if you have or plan on registering a US LLC. If you register for an LLC you can use LLC, L.L.C, or Limited Liability Company. If you are interested in getting started with an LLC you can use this link to speak with someone from our team! go.mollaeilaw.com/start page
Hi, having a DBA is one method to starting your sole proprietorship. However, keep in mind that LLCs and Corporations can also have DBAs. Also don't forget to also get your EIN number! :)
Hi Nate! Thank you for your recommendation. We are working on making our videos more creative. But despite our lack of creativity in our old videos, we can definitely help you start your own business in US. You can book a free call with us here: go.mollaeilaw.com/meeting
Thanks for the video very informative. I want to start a business. I want to sell cups, t shirts, notebooks, journals, wine glasses etc.. What do you think in your opinion is best DBA or LLC?
Hey, it's Sam Mollaei, business lawyer for entrepreneurs. We've assisted more than 5,000 entrepreneurs like you start their U.S. business so we can definitely help you start yours. Take the next step and book a call to speak to us here: go.mollaeilaw.com/start To answer your question, Michael is correct. LLC is the one we suggest. DBA is not a business entity but rather only allows you to use a Fictitious name. Hope this clarifies.
Hi Julie! Absolutely! DBA is not a business entity. It just allows you to use a Fictitious Name for your business as a sole proprietor. You can expand your business to making it an LLC. If you need help in forming your LLC, we offer a Done-For-You Service. You can book a free call with us here go.mollaeilaw.com/start
A DBA will not provide you with a legal entity. If you are looking to sell products across the country, you will need a LLC. Once you have an LLC, you can use a DBA name to conduct business under any name you'd like. Book a meeting here for assistance in setting up your LLC and your DBA. go.mollaeilaw.com/meeting
Since I’m starting out very small. I think I’ll just get my Dba to open business account, credit, P.O. Box, etc...and then once I start to see more income coming in then I’ll switch it over to an LLC
why dont you just open an LLC..?
@@michaelb3581 she explained why not.
Hi Kali! A DBA doesn’t form a legal business entity, but it allows you to legally carry on your business under a name that differs from your personal name. If you have any business related concern, don't hesitate to book a free consultation with us go.mollaeilaw.com/start
I filed through my state secretary and also got a business license but doing the same as you
@@michaelb3581 LLC is $800 a year whether your business has any income or not.
You can also do DBA while having LLC. Example. XYZ LLC. DBA GHJ
Hi @zmack1830, Yes, you can operate a "Doing Business As" (DBA) under an LLC. For example, if you have XYZ LLC, you can also register a DBA to conduct business under a different name, like XYZ LLC DBA GHJ.
This is often used when a business wants to run multiple brands or ventures under the same LLC without forming separate legal entities for each one. While the LLC remains the legal entity, the DBA allows you to use a different name for business operations, marketing, or branding.
To register a DBA, you'll typically need to:
Check if the name is available in your state.
File for a DBA registration with the appropriate state or local agency.
Pay any required fees.
This allows you to maintain the legal protections and structure of the LLC while operating under a different name publicly.
If I form a DBA how do I go about submitting my tax return? Would I file as a sole proprietor/self employed? And if so, the taxes for being in that category seem awfully high for not even having an LLC.
Hi David, I understand that you would like to learn more about the types of tax returns you will filing for a DBA. I recommend that you speak with a business tax account for clarity to your question. If you would like to learn more about DBA's and LLC's and how each one will serve you, feel free to book a free call using the link below:
go.mollaeilaw.com/start
Awesome video! Question: In new biz set-up, how soon does an LLC need to be acquired? No sales will be achieved for 9-12 months down the road--just money going out. Thanks! Subscriber
Hi SaltLifeGull, I understand that you would like to learn more about LLC. To provide you with a clear answer, feel free to book a free consultation using the link below:
go.mollaeilaw.com/start
You may also email us: sam@mollaeilaw.com
Hi, this is very informative. I am in the process of two businesses. One is sewing and the other is a hair company. My company name will be my sewing business name but my hair bundle will be under the business but under another name. What is the steps in picking the right license. Do I get 2 business llc? Or one llc and hair company dba? Thank you.
one LLC (sewing name) and one DBA for one of the businesses (hair business name)..
I have a question....my startup company is registered as an LLC. It belongs to me and another family member. From what I know, we are a partnership LLC. what is the difference between a partnership and an s-corp? Is one better than the other and when is it appropriate to use each? Is the process of changing it from one to the other expensive or long?
Thanks.
-Maria
Hi Maria! Great questions!
When comparing a partnership vs. S Corp, it's important to look at the pros and cons of each as you set up your company's legal structure. In addition to these options, other structures include C corporations, LLCs, and sole proprietorships. Of all of the available business entities, only corporations and LLCs are separate legal entities. Corporations are further split into two types: S Corp and C Corp. Both are clearly outlined and defined by the IRS tax codes.
One of the benefits of an S corporation is the fact that profits can pass through the business to the owners. Because of this benefit, many company owners opt for this legal structure. An LLC does have some advantages over an S corporation, so it's important to review these advantages before deciding on a business structure. Choosing to run your business as a partnership or an S corporation will come with several effects, especially relating to taxation and management.
If you have more questions, you can book a free call wit us here go.mollaeilaw.com/start
oh boy well i have LOTS of questions! but i'll start with this one: does it make a difference if you have a sort of part time business? If i provide a service to clients that isn't on a regular basis, does a DBA or LLC have an advantage? thanks, great vid!
DBA is not a business entity it only allows you to use a fictitious name if you don't want to use your first and last name. As someone who does part time business, you are already considered as a Sole Proprietor, but if you want to protect your personal assets from your business, then it's better to form an LLC. If you have more questions, you can book a free consultation with us go.mollaeilaw.com/meeting so we can help you better.
Ok so what if I have a DBA under my LLC will I be held liable or will it fall back on me or my business.
Hi ali_sparks, I understand that you would like to learn more about your LLC. To provide you with a clear answer, feel free to book a free consultation using the link below:
go.mollaeilaw.com/start
You may also email us: sam@mollaeilaw.com
Thank you very much for this video. A quick question - my wife and I are both planning to start different coaching/consulting practices in different fields. To avoid the added cost of creating independent LLCs for each of our practices, we were planning to create one LLC and have a separate DBA for each of us under this LLC. Is this a viable option and will we still have the same liability protection if we operate under different DBAs within the same LLC?
Hi Sagar Mylab, you can have multiple businesses under one LLC. This is accomplished by simply running all business activity within one LLC. To provide you with a clear answer. Feel free to book a free consultation using the link below:
go.mollaeilaw.com/start You may also email us: sam@mollaeilaw.com
Thank you! This was very simple and straightforward. Very helpful
Hi Chase Sama, glad it was helpful. Feel free to book a call with us: go.mollaeilaw.com/meeting and we'll be very glad to help you with your business concerns. You may also email us: sam@mollaeilaw.com
Hello sir great video! I have a lawn Bussines being doing so since 2019 will a DBA be enough for do you recommend me getting a LLC?
Hi Mario 817, deciding whether to operate your lawn business as a DBA or form an LLC depends on various factors. Here are some considerations to help you make an informed decision:
Personal Liability: With a DBA, there is no legal separation between you and your business. This means your personal assets are at risk if your business faces legal issues or debt. On the other hand, an LLC provides limited liability protection, separating your personal assets from your business obligations.
Business Credibility: Having an LLC can often enhance your business's credibility and professionalism. It signals to clients and partners that you are a legally recognized entity and potentially instills more confidence in your services.
Tax Implications: Both a DBA and an LLC have tax implications, but the specific details can vary depending on your jurisdiction. Consult with a tax professional to understand how each option may impact your tax obligations, including reporting and potential deductions.
Future Growth and Expansion: If you plan to grow your lawn business, an LLC offers more flexibility and scalability. It allows for the addition of partners, the issuance of shares, and the potential to attract investors if needed.
Considering these factors, forming an LLC might be a beneficial choice for your lawn business. It provides personal liability protection and presents a more professional image. However, it's essential to consult with a business attorney or a qualified professional who can evaluate your specific situation and provide personalized advice based on your needs and goals.
If you ever need help with any business-related concern, you can reach us here: calendly.com/mollaeilawconsultation/strategy-session, and I'll be happy to assist you with your query. You may also email us: sam@mollaeilaw.com
Great video but I have a question. I was currently hired as a Independent Contractor(1099) for a trucking company. I will be driving the owners trucks but maybe in a year or so I’m thinking about purchasing my own truck. For the time being should I just get a DBA for tax purposes(tax deductions and write offs) then once I start my own company, transfer to a LLC?
Hi Timothy! Registering as DBA is for sole proprietors who don’t plan to use their first and last name for their business. But as I may suggest, you can form Single-Member LLCs which would allow you to keep your business and personal funds separate. Also, the income taxes can be filed with Schedule C of your individual personal return. Or you can book a free consultation with us at go.mollaeilaw.com/meeting so we can talk about which business entity would best fit for you as an Independent Contractor.
I'm a mobile notary and loan signing agent with E&O insurance. I want a brand name. Would it make sense to do a DBA and apply for an EIN?
Hi Stacey, i am happy to hear you are a mobile notary and a loan signing agent. People who are in the mobile notary and loan signing agent business typically prefer to set up a company. This allows you to separate your personal from your business. If you have more questions about DBA's, EINs, and LLCs, feel free to book your free consultation below:
go.mollaeilaw.com/start-here
I was looking into flipping pallets..I know I need a seller's permit but if I had to get one of the business license which one would u recommend me getting? If not could I just start selling without a LLC or DBA? I was just going to do this as a side hustle.. nothing too deep
Hi Allison, I understand that you are looking into flipping pallets as a side hustle. To answer your question, you will be required to register a business license in the county that you live in. Depending on your current situation, you may want to consider registering a LLC or DBA prior to flipping pallets. Will you be reselling the pallets on Amazon? or do you have your own store? If you would like to learn more about DBA's, LLC's, Seller's permits and Business Licenses, please book a free call using the link below:
go.mollaeilaw.com/start
If I start a DBA, is it possible to transform that DBA into and LLC?
Hey Ryan! I understand that you are curious about starting a DBA and then eventually transforming it into an LLC. LLC's are separate business entities, which means you will not need to transform the DBA into an LLC. Instead, you will create a new LLC. If you have additional questions, Please book a time to speak with me directly here:
mollaeilaw.com/meeting
I look forward to speaking with you. Talk to you soon!
@@Mollaeilaw but can you keep the same name as your DBA
I am starting a online T-shirt business in Utah but do want my own name what do you suggest for me LLC or DBA?
Hi Liz! You should absolutely form an LLC to protect yourself from Liability. A DBA will not protect you. When you form your LLC you can also get your DBA to use in addition to your LLC. If you would like my assistance, I'd be happy to help you! Email me at sam@mollaeilaw.com
I want to start a small landscaping business what do you recommend DBA or LLC
Hi Oliver, I hope you are doing well. I understand you would like to start a small landscaping business. To provide you with more clarity regarding DBA or LLC, I would need to better understand your business goals. Feel free to book a free consultation using the link below:
go.mollaeilaw.com/start
Is it possible to form an LLC with a general name and then possible to have different business entities under that one LLC.
It’s been my understanding that 9 times out of 10 people are making the LLC.
I imagine then sometimes operating DBAs underneath s main business name.
Your video states the LLC and DBA as one or the other and I never knew that this is how it could or should be but please help answer about DBAs formed underneath LLCs. Is it possible? What are the benefits and what are the potential negative factors?
Thank you very much
Bryan
Edit: I’m gonna leave my comment on here but I just noticed right as soon as I dropped it I go down one video and there’s another one from your channel about the five reasons for doing a DBA with an LLC so I think you’ve already answered my question, and maybe the DBA under LLC came after this video.
Thank you.
Hi Bryan P, just let me know if you have additional questions.
If you ever need help with any business-related concern, you can reach us here: calendly.com/mollaeilawconsultation/strategy-session, and I'll be happy to assist you with your query.
You may also email us: sam@mollaeilaw.com
How does either one work if you dont have an address for your business yet but you dont want to register your home address as the business address?
Hi Taylor, in this situation we generally suggest that you purchase a virtual address. These services charge around $10 per month and can provide you with an address in your state of incorporation. The benefit is that your home address will not become public information on the state website.
So as a RUclipsr should i operate my RUclips business under a DBA or a LLC?
Hi Dejuan, I hope you are doing well. I understand that you have a RUclips business. Typically, entrepreneurs start LLC's for their RUclips business based on certain factors and goals. a DBA allows you to do business as, however, DBA's do not provide the same LLC benefits. If you would like to learn more about which option is best for you, DBA vs. LLC, please book a free call using the link below:
www.mollaeilaw.com/start
So I have an LLC that I started a while back. I'm now looking in to branching out in to other business ventures. Is just simply filing a dba under my current llc possible, a good idea, or should I create a new llc for my new business adventure.
Unfortunately I didn't structure my first llc as an umbrella. Its a single member llc that was created and file to be doing business in real estate. So I'm not sure if since its not structured as an umbrella llc if I can dba for other niches.
Hi Oompa! This is a great question. But I would highly suggest that you open another LLC for that new specific business. This is to protect you and your other businesses, if in any case this new business have to face liabilities and legal circumstances. Please email me at sam@mollaeilaw.com so I can better help you.
Hi I currently have an LLC in the home improvement industry and would like to rebrand to a different name with a DBA. will I still have benefits of an LLC like someone not going after your property etc ? Thanks in advance
Hi Artie Schierenbeck, obtaining a DBA does not change your LLC's legal structure or protections. It simply allows you to do business under a different name. So as long as you continue to operate your business as an LLC, you will still have the benefits of limited liability regardless of the name you choose to use in your branding.
If you ever need help with any business-related concern, you can reach us here: calendly.com/mollaeilawconsultation/strategy-session, and I'll be happy to assist you with your query.
You may also email us: sam@mollaeilaw.com
Just a friendly reminder to book a call or contact us if you need any assistance. We’re here to help! You can reach us at sam@mollaeilaw.com or schedule a session through this link: calendly.com/mollaeilawconsultation/strategy-session
Super helpful video!
Im glad you found this video to be helpful, Carlos. Thank you for the comment
Q? If I already have an LLC but want to expand the nature of my business. Can a DBA allow that with the protections? Ex: LLC in health and beauty but want to also do taxes using a DBA without creating a new LLC. Is this the best way?
Hi George Ductan, you can have multiple businesses under one LLC. This is accomplished by simply running all business activity within one LLC. You can use a "Fictitious Name Statement" or a "DBA" (also known as a "Doing Business As") to operate an additional business under a different name.To provide you with a clear answer. Feel free to book a free consultation using the link below:
go.mollaeilaw.com/start You may also email us: sam@mollaeilaw.com
can I start with a DBA and then later create an LLC, for example start Kinos Concrete Services as a DBA then when ready make it Kinos Concrete Services LLC ?
Hi J.C! When you register your business as a DBA, or doing business as, and want to change it to a LLC, or limited liability company, you go through the process of registering the LLC as you would any business. Because a DBA is a registration to use a business name, it is not a business structure as is the case with a LLC. I hope this helps. If you still need assistance on any business-related concern, please don't hesitate to reach us here: go.mollaeilaw.com/meeting
If I already have an LLC & want to create a subsidiary business under my current LLC, how should I go about it ?
It is important to have a separate LLC for each category of business that you engage in.
It is not required, however, it is recommended. For example, if you have an LLC that has a car dealership in it that also serves as a restaurant,
then you are putting all your eggs into one basket.
You can have multiple businesses under one LLC. This is accomplished by simply running all business activity within one LLC. If you have any further questions, book a free call with us here: go.mollaeilaw.com/meeting.
Which would be best for a ecommerce site selling products? I am already part of a LLC, but wondering if I should create a seprate LLC or just do a DBA (From a LCC operating in other businesses)
Just create a new DBA for that business:) tie it in with your current LLC, itll be cheaper and should be more organized that way!
@@reshapinvapin5908 only thing is the current LLC does Real Estate Investments, completely different industry.
Hi! I suggest that you set up separate LLC for each of your business. DBA is not a business entity. It only allows you to use a Fictitious Name if you don't want to use your real name for your business. Putting up separate LLC will give protection for each of your business if something happens to another. You can book a free consultation with us go.mollaeilaw.com/start and we will be glad to help you.
I don’t know.
I think starting an LLC is superior than DBA.
LLC it is!!!
Hi 7Suave, LLC is superior than a DBA for many reasons. If you would like to learn more about the benefits of an LLC, feel free to book a free consultation using the link below:
go.mollaeilaw.com/start-here
Hi! Thanks for the video. I have three different business ideas - foreign language tutoring/education, translation and transcription, and travel. Wondering if I should set up just one LLC and do a couple of DBAs under the one LLC? Also if I do one LLC with some DBAs under it would it be considered one business for taxes, bank accounts, etc or would I still have separate bank accounts etc. for each sub-business?
Hi Heather! This is a fantastic question. This is something we should talk more about over a call. go.mollaeilaw.com/meeting For some general guidance, this is my advice to clients with multiple business ideas. Among our clients, we usually see people fall into two groups:
Group A: The first is those who have little money, perceive their risk to be high, and are testing out business models and how to make money. They’ll often have multiple businesses under one LLC, have one bank account...etc.
Group B: The second is a more experienced business person. They’ve established profitability or are confident in what they’re doing. They decided to “do it right” from the start, form two LLCs, and keep the liability separate.
Ok so I want to create an LLC. But i have 3 other businesses under the same LLC name but for each business i can have 3 DBAs? Is DBA same as registering your business in your state?
Hi Doris, generally it is not recommended to have multiple businesses under one LLC. This is similar to putting all of your eggs into one basket. By having the three businesses operate under one LLC you put the others at risk if one gets into a bad situation. However, if it is really all one business and you simply just have a different business name for certain services, then a DBA is fine. You can have multiple DBAs for the same LLC
@@Mollaeilaw thank you for the reply.
Hi I am about to start a Martial arts business and was wondering what is more common, DBA or LLC for this situation
Hi Ramon! First, a DBA is not a business entity. It only allows you to use a fictitious name other than your own name. While an LLC is a business entity that protects its owners from personal responsibility for its debts or liabilities. You can book a free call with us so we can discuss and recommend you which is best for your Martial Arts business.
go.mollaeilaw.com/meeting
Thank you for your video ! As a mobile massage therapist with liability insurance, I'm truly not sure which of the two would be best for me ? Any recommendations?
Hi Sal! DBA is not a business entity. It only allows you to use a Fictitious Name for your business. As for your question, we recommend forming an LLC if you want to protect your personal assets from your business. You can book a free call with us here go.mollaeilaw.com/start so we can assist you with your LLC.
is DBA and Sole proprietorship the same?
Hi TourismFun, no. A DBA is a legal requirement to operate your business with a trade name or a professional name different from your registered legal name. A sole proprietorship is a legal structure (like LLC or Corporation), and a DBA is not. Feel free to book a free consultation using the link below:
go.mollaeilaw.com/start
You may also email us: sam@mollaeilaw.com
Hey can I have Muliple LLCs? I want to start an an affiliate marking agency thats one LLC, but ill multiple sites catering to different niche topics, does every site need to be a
LLC or can they all just fall under my agency’s LLC?
Hey Haley, thank you for your question. You may have multiple LLC's for your different niche topics. If you would like further clarification, please book a free consultation here: go.mollaeilaw.com/meeting
If i am starting a Auto Detailing Business which is better to have the DBA or LLC??
Hi Brandon! We always recommend having an LLC as it will protect you from liability. If you have further questions, please email us at sam@mollaeilaw.com
Hi Mollaei.
I want to start an engineering consulting company (most likely LLC). The question is - do I have to have a liability insurance? Is it required by law or it is something "nice to have"?
Thank you,
Hi Davit, LLC is most common/Default. Taxed as Disregarded Entity. Simplest structure and best for overall personal liability protection. Your personal assets are separate from your business.
If you need help on any business related concern, please feel free to book a call with us here: go.mollaeilaw.com/meeting so we can assist you better.
Can you get a DBA first and then file an LLC with the DBA? Vice versa?
Hi @Johnsonn7, yes, it is possible to obtain a DBA (Doing Business As) and then file for an LLC (Limited Liability Company), or vice versa.
Remember that the specific requirements and procedures for obtaining a DBA and forming an LLC can vary depending on your jurisdiction.
If you ever need help with any business-related concern, you can reach us here: calendly.com/mollaeilawconsultation/strategy-session, and I'll be happy to assist you with your query. You may also email us: sam@mollaeilaw.com
I want to sell things on Amazon. However, I want to label my own brand name on the products. Basically retail arbitrage. Do I need to have a LLC or a DBA for each separate item I decide to sell or will I be able to sell multiple products with my brand name on it under one LLC/DBA brand name?
Lets say for instance I want to sell hats, hair oil and shoe strings. I plan to retail arbitrage them. I will brand these different items under one business name. Basically just throwing my logo on the product.
Is this allowed?
And I know if I decide to create my own design I’ll need to copyright each design. But, if I decide to just resale and logo a product, do I have to copyright each item?
I understand I’ll need a DBA/LLC for tax purposes.
Finally, for retail arbitrage, do you think a DBA or a LLC is necessary?
Sorry if I’m asking too many questions. After hours and hours of research, I’m still so confused.
There is something you have to understand about selling on Amazon , if you put your brand name or logo on items you want to sell on Amazon this is not called retail arbitrage ( flipping clearance items ) !!! If you plan to sell with you own label / logo it’s called private labeling and it’s subject to different rules on Amazon then retail arbitrage . You can check Amazon sellers center to clarify some of this questions.
@@lamiamadi820 Yeah i has figured some of this stuff out last night but you definitely cleared that up well for me. Thank you!!!
@@lorddale2212 no problem 😉 I’m at the beginning of selling on Amazon and also trying to figure out a lot of stuff .
@@lamiamadi820 So am I!!! I don’t plan on listing SHIT until I know what Im doing. Someone just asked me on a separate video what to do because they listed an item and its not working. I just shook my head🤣🤣
@@lorddale2212 I understand that you have a couple questions about setting up an LLC and whether you should use a LLC or DBA for your business. If you would like, feel free to schedule your consultation below:
go.mollaeilaw.com/start
thank you for sharing
My pleasure
What if it's a business, like... Coca Cola Inc, forming a DBA say... Sprite. Does that make only Coca Cola and not it's owners financial responsible or... should they get Sprite LLC stating Coca Cola Inc as the RA/Owner of said company and thus stops the liability at Sprite LLC and protects Coca Cola Inc.
Hey Luvv Heat, it's Sam Mollaei, business lawyer for entrepreneurs. We've assisted more than 5,000 entrepreneurs like you start their U.S. business so we can definitely help you start yours.
To answer our question, take the next step and book a call to speak to us here: go.mollaeilaw.com/start or email me right away sam@mollaeilaw.com and we help you with your concern.
Question:
Is there a difference between the types of tax write offs between DBA and LLC? Like can you write off the same exact things?
Hey Ibrahim Hadid, I understand you have some tax questions. Regarding difference between the types of tax write-offs between DBA and LLC, it is best to speak with an accountant. If you would like to learn more about what we can help you, please book a free call using the link or contacting the WhatsApp number below:
www.mollaeilaw.com/start
or
WhatsApp: +1(818) 925-0002
Hi, thanks for your video! I have a question, is a DBA protected under an LLC? So let's say I have XYZ, LLC dba Sandy's Candles. Let's say someone sues my DBA Sandy's Candles. Are they technically suing my LLC?
Hi Sandra! Yes that's correct. That's why it would still be beneficial to create separate LLCs for each of your businesses, in this way if one of your businesses get sued, the other businesses are safe. I hope this helps, and if you need help on any business related concern, you can book a free call with us here: go.mollaeilaw.com/meeting
Hi Mollaei, thanks for the video. I'd like to know more about regarding the last thing you said, "consider a DBA if I'd like to operate my business under a different name". Let's say for an example that I have an LLC under the name of "JOESMOE LLC" including an EIN and a bank account under this LLC name, but I would like to operate under the name "REALTY BIZ Co." Do I need to connect or file with the state this name "REALTY BIZ Co." into my "JOESMOE LLC" business name? How does a DBA become legal? Also, at the same time, I do not want my personal assets be liable under this "REALTY BIZ Co." name. I'd appreciate the advice.
Hi, yes you are correct. When you have an LLC registered and you want to go by a different name, then you must register for a DBA in your state. This usually requires that you fill out a DBA application and inform the state that you have a registered LLC but would also like to have a DBA so that your LLC can go by another name. If you need further assistance with this, then schedule a call with us using this link!
mollaeilaw.com/start/
What about business credit?
Hi Amelia, in order to start a business credit line for a business, you must first have a us business bank account. If you would like to learn more about opening a us business bank account, please book a free call using the link below:
go.mollaeilaw.com/start
Thorough video, my friend
Glad you liked it!
@@Mollaeilaw f8i
I’m still not sure which to consider. I mean I’m not really in a volatile industry (marketing) so being sued isn’t really a big concern. However, I don’t want that fear of potentially being sued to be lingering in my mind. Thoughts?
Hi Austin! It's better to sleep peacefully at night knowing that your personal assets are protected if in any case your business has to face legal concerns. If there's anything we can help you with, please book a free consultation with us at go.mollaeilaw.com/start
Very helpful - thank you!
Glad it was helpful Jacynda!
I started a small lawn service business is it best to do DBA or Llc I only brought home 30k I need help thanks
Hi Juan Pascual, deciding whether to operate as a DBA or LLC depends on your specific needs and goals for your lawn service business.
A DBA (Doing Business As) allows you to operate your business under a name other than your own legal name. It is a simple and cost-effective way to establish a business identity and start doing business under a different name. However, a DBA does not provide any legal protection for your personal assets and you remain personally liable for any debts or legal issues that may arise in the course of your business.
An LLC (Limited Liability Company), on the other hand, provides personal asset protection by separating your personal assets from your business assets. This means that your personal assets, such as your home or car, are generally protected from business-related liabilities or debts. An LLC also provides flexibility in terms of management and taxation.
Given that you are earning $30,000 in your lawn service business, it may be worth considering forming an LLC to protect your personal assets and provide greater flexibility in the management and taxation of your business. An LLC also provides a more professional image and can help build credibility with customers.
If you ever need help with any business-related concern, you can reach us here: calendly.com/mollaeilawconsultation/strategy-session, and I’ll be happy to assist you with your query. You may also email us: sam@mollaeilaw.com
What about a DBA + an Umbrella insurance policy?
Hi Aaron! We only provide other legal services including forming LLCs and S-Corporations (the best way to protect yourself and save on taxes), applying for EIN or ITIN (personal tax ID for non-US citizens), drafting and reviewing contracts, registering trademarks, and offering business consultation to help you start and grow your business. If you need assistance on any business-related concerns, you can book a free call with us here: go.mollaeilaw.com/meeting
If the business is going to be primarily online, what county in California should you file the DBA with?
Hi DithsHauteSpot! Filing your DBA is done either with your county clerk’s office or with your state government, depending on where your business is located. There are a few states that do not require the registering of DBA. You can email me at sam@mollaeilaw.com so I can better assist you.
Can I do DBA attachment to my current LLC ?
Hi @KeystyleMedia, yes, you can often attach a Doing Business As (DBA) name to your existing LLC. A DBA allows your LLC to operate under a different name than its legal name. This can be useful if you want to use a more marketable or specific name for your business.
The process for adding a DBA to your LLC can vary depending on the state in which your LLC is registered.
Should you ever need help with any business-related concern, you can reach us here: calendly.com/mollaeilawconsultation/strategy-session, and I'll be happy to assist you with your query. You may also email us: sam@mollaeilaw.com
What is the reason of having a different business name under DBA
Hi Susie La Luna, I understand that you would like to learn more about DBA. To provide you with a clear answer. Feel free to book a free consultation using the link below:
go.mollaeilaw.com/start
You may also email us: sam@mollaeilaw.com
So if I have an LLC I don't need a DBA right?
Hi James! a DBA is not a business entity. It is used only if you want to use a fictitious name for your business. While LLC is formed if you want to protect your personal assets and separate it from your business. So to answer your question, it would really depend on your business goal and interest. Maybe we can have a meeting so we can explain this further with you and let's help you decide which one fits you best. You can book a free call with us here: go.mollaeilaw.com/meeting
If u filed a DBA can you move or change to a LLC. .?
Hi Al Siciliano, you can create an LLC to replace your sole proprietorship and DBA, but you must follow your state's specific requirements and procedures. Feel free to book a call with us here if you need help in any business related concern: go.mollaeilaw.com/meeting and we'll be very glad to help you.
can i do a DBA first and then later transfer it to an llc?
Hi! Yes you can do that, especially if you don't want to use your first and last name on your business. Don't hesitate to book a free consultation with our team go.mollaeilaw.com/meeting so we can help you better.
@@Mollaeilaw ok thanks so much!
I think this guy wants me to subscribe.
Hi LOL YoGi, thank you for watching my video! While I do appreciate subscribers, my main goal is to provide valuable content and engage with viewers like you. If you find my videos helpful or enjoyable, I'd be thrilled if you decided to subscribe, but there's absolutely no pressure. Feel free to let me know if there's any specific topic you'd like me to cover in future videos. Thanks again for your support!
If you ever need help with any business-related concern, you can reach us here: calendly.com/mollaeilawconsultation/strategy-session, and I'll be happy to assist you with your query. You may also email us: sam@mollaeilaw.com
Could you do and dba and then get liability business insurance to cover accidents?
DBA is not a business entity, it only let's you use other names for your business if you don't want to use your real name. If you are after protection of your business and personal assets, then I suggest that you register an LLC for that. If you have more questions and clarifications, please feel free to book a free consultation with us at go.mollaeilaw.com/meeting so we can help you better.
if someones starting an online soap business would you recommend a llc or DBA?
@@Mollaeilaw What if the DBA is form from the LLC taht operates in other different businesses?
LLC..
Hi! DBA is not a business entity, it only allows you to use a Fictitious Name or a different name if you don't want to use your real name as a Sole Proprietor. You can book a free consultation with us at go.mollaeilaw.com/start so we can help you start your online soap business. Let's discuss what business entity would best fit for your business.
I don’t know whether to do an LLC or DBA for my jerky business arrggghh 🤦🏻♂️
Hi Tactical Bartender, I understand that you would like to learn more about business. To provide you with a clear answer. Feel free to book a free consultation using the link below:
go.mollaeilaw.com/start
You may also email us: sam@mollaeilaw.com
Does an LLC protect your business name from being used by someone else
It will just protect the LLC's name and in that particular state only where you formed your LLC. If you're talking about the brand name or product name... You have to file a trademark for that which would be owned by your LLC.
Hi Eduwiges! Thomas Crane is correct. Your LLC only protects your other assets if in case your business gets sued. You have to file a trademark for the name of your business if you don't want it to be used by others. I hope this helps. If you need help in applying for your trademark, you can book a free call with us here go.mollaeilaw.com/meeting so we can assist you with your application.
I jst formed an llc but I have 3 different businesses and they have a different name or jst a part of my llc name is it best to form another llc or a DBA
dba
Hi Diamond! That would depend on your business. If you want to protect each of your business assets, I would suggest to form an LLC for each one. If you want to discuss more on this, you can book a free call with us here go.mollaeilaw.com/start
Isn't a DBA the same thing as an LLC Series???
Hi there! A DBA is a fictitious name (another name you can transact business as) while an LLC Series consists of a series of LLCs that function under the parent LLC. If you have more questions, please email me at sam@mollaeilaw.com
Do business with an owner under the age of 18 need to form an llc
That was a question, but the creator just liked / hearted the comment and didn’t respond.
Maybe just didn’t understand that they were looking for a response.
How to know if I have DBA or LLC ?
Hi heavyduty! In the case of a limited partnership, corporation, or limited liability company, it’s the name listed on the formation documents you filed with the state. An EIN is used for tax purposes, and your business is the entity that pays taxes. Your DBAs are just your business nicknames. If you need assistance on any business related concern, you can book a free call with us here: calendly.com/hello-mollaeilaw/consultation
Hi heavyduty, have you already scheduled a call? If not, kindly book a call using this link calendly.com/mollaeilawconsultation/strategy-session, and I'll be happy to assist you with your query.
If I have an LLC , and I’m listed as my own registered agent and some tries to sue me, am I protected?
why are you your own registered agent?
@@michaelb3581 you can be your own agent. The only problem is if you are sued and someone wants to serve you papers and can't get ahold of you then you get in more trouble. Thats why its best to have a agent so they can reach out to you and serve you the papers instead.
Hi Kimberly! We can discuss this thoroughly at your most convenient time. You can book a free consultation with us at go.mollaeilaw.com/start
Informative but straight to the point. Thank you
Can I use Ltd. as Llc
Hi James, Ltd. can't be used if you have or plan on registering a US LLC. If you register for an LLC you can use LLC, L.L.C, or Limited Liability Company. If you are interested in getting started with an LLC you can use this link to speak with someone from our team! go.mollaeilaw.com/start page
when i get a fictitious name am i still a sole proprietorship
Hi, having a DBA is one method to starting your sole proprietorship. However, keep in mind that LLCs and Corporations can also have DBAs. Also don't forget to also get your EIN number! :)
@@Mollaeilaw thank you so much for replying I didn't think that you would reply, great information!
just post the slides, we can read also
Hi Nate! Thank you for your recommendation. We are working on making our videos more creative. But despite our lack of creativity in our old videos, we can definitely help you start your own business in US. You can book a free call with us here: go.mollaeilaw.com/meeting
Thanks for the video very informative.
I want to start a business. I want to sell cups, t shirts, notebooks, journals, wine glasses etc.. What do you think in your opinion is best DBA or LLC?
LLC.. wine glasses is out of left field though. maybe consider another business name (dba) with glass
Hey, it's Sam Mollaei, business lawyer for entrepreneurs. We've assisted more than 5,000 entrepreneurs like you start their U.S. business so we can definitely help you start yours.
Take the next step and book a call to speak to us here: go.mollaeilaw.com/start
To answer your question, Michael is correct. LLC is the one we suggest. DBA is not a business entity but rather only allows you to use a Fictitious name. Hope this clarifies.
I have a Dba right now, am I able to still get an Llc?
How much did/do you pay for that?
@@lancer717 I know here in Nevada DBA's are $25
Hi Julie! Absolutely! DBA is not a business entity. It just allows you to use a Fictitious Name for your business as a sole proprietor. You can expand your business to making it an LLC. If you need help in forming your LLC, we offer a Done-For-You Service. You can book a free call with us here go.mollaeilaw.com/start
Can I get a DBA under my LLC?
.
@@Mollaeilaw could you offer me paid consulting call helping me to open stripe account?
Hi Jam! You can book a free call with us thru this link go.mollaeilaw.com/start
We will be glad to help you open your Stripe Account.
If I want to buy and sell products aross the country what do I need LLC or DBA?
A DBA will not provide you with a legal entity. If you are looking to sell products across the country, you will need a LLC. Once you have an LLC, you can use a DBA name to conduct business under any name you'd like. Book a meeting here for assistance in setting up your LLC and your DBA. go.mollaeilaw.com/meeting
@@Mollaeilaw how about if i just get a sellers permit ?