Blog | Entrepreneurship

Do I need a DBA for my company?

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 Virtue of High Expenses and Low Income
Personal Finance

The Virtue of High Expenses and Low Income

Ever wondered if money that goes out of your expense column could actually return into your income column?

Read the full post
Understanding the History of Money is The Key to Being Rich
Personal Finance

Understanding the History of Money is The Key to Being Rich

Leveraging information to create knowledge that makes you rich.

Read the full post
Building a Successful Business
Entrepreneurship

Beyond the Idea: Building a Successful Business in Today's Competitive Market

Find your purpose, give it shape through the B-I Triangle, and learn as much as you can along the way. In this way, you can be both successful and happy.

Read the full post