What is a DBA (Doing Business As)?
Very simply put, DBA stands for “Doing Business As” and it is an official registration of the name you are conducting business in. This is used anytime you are conducting business in a name that is different from your personal legal name or your businesses legal name. This business filing does not provide the owners with any liability protection. Q: What is the main difference between an LLC and an S-Corporation? A: An LLC has more flexibility and fewer restrictions than an S corporation. An S corporation cannot have more than 100 stockholders, cannot issue more than one class of shares, and is subject to more formalities than an LLC. However, owners of an LLC are required to pay Social Security and Medicare taxes on profits. Corporate stockholders are not required to pay these taxes on profits over and above the stockholders’ salaries. Q: What is the main difference between a C-Corporation and an S-Corporation? A: C corporations are subject to double taxation. This means there is one
