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Is DBA necessary?

Asked by: Natalia - 6 March, 2011
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/default.png-f1597c1da25f30f8c1a941405e8391c8 I'm starting a business. It's a general partnership. I have an EIN. Do I also need a DBA? The name of the business is fictitious.
Answered by: Lloyd Johnson - 6 March, 2011
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Dear Natalia,

If you are conducting business under a fictitious name, you should register a DBA. However, since you are already going through the trouble of registering your business, why not think about forming an LLC. An LLC will give you all the benefits of a partnership, it will automatically be registered under a separate name of your choosing, and in addition an LLC will provide you and your partners with limited liability protection for your personal assets. It may be a smart and efficient solution.

Please read our article about limited liability companies to get more information.

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