Setting Up A DBA Business

In order to do business in a name other than your own name you can file for a fictitious name and, after approval and completion of various legal requirements, transact all of your business under this new name. This is called a DBA Business name (Doing Business As). If the business is operated by one person it will be called a Proprietorship.

If you are a business owner with the dreams of opening a chain of businesses under a single name you should opt for setting up of the DBA business. The DBA business is known and popular today for its cost saving aspect. Operating a chain under different names can be very expensive and difficult. Setting up a DBA business is very practical and at the same time saves a lot on time and money. Under the DBA business you can operate a typical business name without the need of registering for a legal entity that is usually required for in the corporation, partnership or a limited liability company. Acquiring a DBA name also gives you the privilege of opening a business phone listing and a business checking account under the name of the business. This form of business is a very cheap and convenient means to do business under a legal business name.

For setting up of a DBA business, the process differs from State to State. There are some States where you need to register the DBA name with the Secretary Of State or in some other state agency. The registration is also handled in some States in the county level and these counties have different forms and fees that are required for DBA registration. If you can use your DBA name wisely you have the benefit of converting your name into a popular brand name. The DBA business also gives you a lot of cost effectiveness and helps you save on time.

Many large private and public companies were once started this way and later the formation was changed to more complicated forms for various reasons. However, this is a low cost way to begin a business. It can be the first step to success. Later on you may decide to change the formation of the business to a partnership, LLC, or Corporation depending on future expansion plans, taxes, and the individual’s personal liability, to name a few reasons.

You also have to weigh the pros and cons of this type of formation before you decide to register the new name.

One of the best ways to proceed is to find a large, Legal Document Services Company online who can help you develop, file and register whatever form you decide to use. They have the educational information, questionnaires, forms and documents and people available to help you succeed with all required procedures. Generally the cost is very low compared to you hiring an attorney to complete this task. Don’t procrastinate, go online and begin now!

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