:rolleyes We are in the process of trying to start an LLC but someone had mentioned something about a DBA (Doing Business As) What is this exactly and what benifits does it have for taxation purposes? How does it compare to the LLC benifits? We don’t have any assetts just yet but we are making money each month on wholesale deals now. So if anyone has any info on these different typesof methods of a business licence please reply back. Thanks for your :help.
Check out this link, it should answer your questions.
Your net worth doesn’t justify the resources necessary to operate an LLC.
The LLC is a business entity. The DBA is just an extension of yourself and has no limited liability.