Doing Business As(DBA)

Why Get a DBA?

Many businesses use a name that's different from their official legal name for marketing purposes. This alternative name is known as a DBA, which stands for "Doing Business As." It may also be called a fictitious business name or a trade name. This practice allows LLCs and corporations to name different sections of their business distinctively, while individuals running businesses can choose to operate under a name that's not their own personal name. For instance, a business officially registered under a personal name can choose to operate under a more business-oriented name like "Elite Interior Solutions" for an interior design venture.

Get Your DBA Now

Securing a DBA is made simple and efficient by firms specializing in business management services. These firms assist in checking the name's availability, completing the registration paperwork, and providing guidance throughout the process, including how to expand business operations across various states.

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Only Corporations Need DBAs
DBA Registration Is Unnecessary
DBA Provides Legal Protection
One Business, One DBA
No Need to Update Records

Only Corporations Need DBAs

Myth

Only corporations need a "Doing Business As" (DBA) name.

Fact

Sole proprietors, partnerships, LLCs, and corporations can all use DBAs.

DBA Registration Is Unnecessary

Myth

Registering a DBA is optional for small businesses.

Fact

Registering a DBA is legally required for any business operating under a different name.

DBA Provides Legal Protection

Myth

A DBA provides the same legal protection as a trademark.

Fact

A DBA does not offer legal protection for the business name; it simply allows the business to operate under a different name.

One Business, One DBA

Myth

One Business, One DBA
A business can only have one DBA.

Fact

A business can register multiple DBAs, allowing it to operate under several names.

No Need to Update Records

Myth

Once a DBA is registered, no records need to be updated.

Fact

Updating bank accounts, contracts, and legal documents with the new DBA is essential.

Adult Day Care Coverage

Risk Factors

You may have to pay them for their services from your pocket if you hire a caregiver.

Solution

Policies may cover community care, which usually means adult day care, so you don’t need to pay them all by yourself.

Modifications to House Coverage

Risk Factors

You may need to build a wheelchair ramp for one of your family members because of their medical conditions.

Solution

Some policies may even pay benefits to family members who act as caregivers or cover home modifications, such as adding wheelchair ramps or installing safety devices.
Consultation

Do you have to renew a DBA annually?

The need for DBA renewal varies by location. Some states or local jurisdictions may require annual renewal of the DBA registration, often notifying businesses when it's time to renew.

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Founded on the principle that every small business owner deserves efficient accounting solutions, We are dedicated to saving time, minimizing taxes, and simplifying life.
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Email

info@universal-accountant.com

Phone

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(954) 728-8982

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