Why You Might Need to Process a Fictitious Name Registration As a small business owner, it’s important to able to pivot quickly if the marketplace isn’t buying what you sell. That was a lesson I learned immediately after I started my business in 2008. Initially, our business planned to connect small and midsized business owners with companies that wanted to market to them. But did I mention it was 2008? As the economy crashed, big companies cut their budgets and the costly services we’d planned to sell were a no go. We had to start over, including using fictitious [...]
What Is a fictitious name? A fictitious name is a name other than your proper legal business entity name that you formally get permission from the state (or county) to use when conducting business. You may also see a fictitious business name referred to as a “Doing Business As” (DBA), “assumed name,” or “trade name.” Throughout this post, I will use the terms “fictitious name” and “DBA” interchangeably. At CorpNet, we help business owners throughout the United States file DBAs. Fictitious names can benefit businesses of all types—from sole proprietorships to LLCs to corporations. At CorpNet, we help [...]
One of the most important steps you’ll need to make when starting your business is reviewing business entity types and deciding which one you should choose for your company. The structure you pick will affect your business from legal and tax obligation standpoints. That’s why it pays to understand the various business entity types—and the potential advantages and downsides of each. I recommend talking with a business attorney and accounting professional for guidance. In the meantime, I’m going to share some information about the most commonly used business structures to give you a head start in furthering your [...]
This month in our FAQ series, we tackle the most commonly asked questions about one of the most popular entity types - the DBA. Starting a business can be overwhelming, and one of the first and most important steps is choosing a business entity. A DBA, which stands for "Doing Business As", is also known as a fictitious business name or assumed business name. A sole proprietor can file a DBA in order to operate under their preferred business name, or a DBA can be filed underneath an existing corporation or LLC in order to advertise as or [...]
A DBA is a fictitious business name, trade name, or assumed business name. This DBA, which is short for Doing Business As, is a filing lets the public know you’re the true owner of your business. Do you need a DBA for your business? You’ll need a DBA if one of the following scenarios applies to you: 1. You’re a sole proprietor or general partnership and want to conduct business using a name that’s different from your own name. For example, if Jane Doe wants to open a gift boutique called Things That Matter, she would need to [...]
Is incorporating a business on your list of to dos for 2015? If so, you’ll set the stage for a fantastic year for your business! Whether you plan to incorporate in California, Tennessee, Ohio, or any of our 50 states, the following tips will make it easier for you.
In the course of running your business, you’ve probably encountered more legal fine print and formalities than you ever thought possible. In this post, we’ll break down the Doing Business As (DBA) to see if your business needs one.
When you’re starting or running a small business, countless questions arise, particularly surrounding your business’ legal structure: Is my business legal? What kind of business structure means I’ll pay the least in taxes? What happens if my business gets sued? What business structure is best for me?
Hello Corpnet! I am thrilled to be here as your half-crazed mom in business! I say half-crazed in a good way because even though my days are long and often slightly nuts, I love being a mom and a business owner. Don’t get me wrong - not everything runs smoothly, but life is vibrant and fun, and I feel very fulfilled. The best part about what I do is sharing my mistakes with the hope that I will help a few other business owners and moms (or dads) while making fun of myself. Today, I am going to share a little secret with you...A few years ago when I opened my first business (which was about a month before the recession hit, but that is another story), I allowed my husband to do all my paperwork and filing for my LLC. Moral of the story: Know your strengths and when to ask for help, but don’t just sit by idly and allow someone to take over for you. Make every experience related to your biz a team effort!
In certain circumstances, business owners are required to file what is commonly called a DBA, which stands for “Doing Business As" . This filing is also known as a "Fictitious Business Name (FBN)" filing. This is most frequently the case for a sole proprietor or general partnership that conducts business under a name that is different from their own.