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Liability of DBA

Asked by: joe  — 24 July, 2012

If I open a DBA in my parents home and use a room in their house can someone try to go after the house even though I do not own the house but my business office is in the house. I live in Yonkers, NY

Answered by: admin  — 24 July, 2012


Technically, if you run your business as a sole proprietor then you would be liable for this business with your personal assets. If the house does not belong to you then, logically, it is beyond reach.

With that being said, since this question is legal in nature I would strongly recommend you to consult a NY-licensed attorney, since what seems logical does not always mean that the law sees it the same way.

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