Blog | Entrepreneurship

Do I need a DBA for my company?

Read time ...

meet your own rich dad - start your quiz now

A question I am often asked is, “Do I need a DBA for my company?”

In a nutshell, the answer is this:

A DBA (which stands for 'Doing Business As') is needed in two main situations. First, if you, Joe Jones, are doing business as a sole proprietor (never recommended – unlimited liability) under the name Joe Jones Plumbing you will need to file a DBA form with the county (and usually publish notice in a local paper). This form is then given to your bank so they can deposit checks made out to Joe Jones Plumbing. The second scenario is when, for example, XYZ, Inc. does business under the name Lexxus Leisure. Again, notice is filed that XYZ, Inc. is doing business as Lexxus Leisure, the bank is notified and you can then deposit checks made out to Lexxus Leisure into the XYZ, Inc. bank account. However, if XYZ, Inc. is properly registered with the state and is doing business as XYZ, Inc. (and not Lexxus Leisure or any other name) then no DBA filing is necessary.

Original publish date: March 13, 2013

Recent Posts

The Entrepreneur's Exit Strategy
Entrepreneurship

From Rat Race to Financial Freedom: The Entrepreneur's Exit Strategy

Discover the B-I Triangle system that creates passive income and true financial freedom for entrepreneurs.

Read the full post
BlackRock’s $100 Billion Crypto Bet
Cryptocurrency

BlackRock’s $100 Billion Crypto Bet

BlackRock now holds over $100 billion in cryptocurrency, with Bitcoin dominating its portfolio. Here’s what this means for investors, the potential upside, and the risks of having Wall Street in crypto.

Read the full post
Andy Tanner's Proven Stock Market Strategy for Financial Freedom
Paper Assets

Andy Tanner's Proven Stock Market Strategy for Financial Freedom

Rich Dad stocks and paper assets expert, Andy Tanner, has spent years showing people exactly how to escape, and today we're going to share his proven blueprint with you.

Read the full post