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Sole Proprietor, Need DBA?

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11:52 am
May 14, 2011


Buck Inspire

Member

posts 1546

Hi all,

 

I've seen posts in the past to assist with taxes, but I can't recall how you handle your blog, company name.  Do we need to file a DBA?  Sorry confused.  Confused

12:11 pm
May 14, 2011


JT_McGee

Member

posts 723

It depends on your state whether or not you need one.  Going with that, some banks/states want you to file a DBA to open an account under that DBA name.

JT McGee – MoneyMamba

URL: MoneyMamba.com 

Twitter: @JT_McGee

Recent Post: Are We Halfway Through Our Lost Decade? (4 Charts Inside)

7:02 pm
May 14, 2011


AshleyB

Member

posts 101

In AZ to open a bank account in your business name you need to file a tradename with the secretary of state.  It costs $10 and takes maybe two weeks.  I'm pretty sure that was the only time I ever needed it.  However it also protects you from anyone else in your state from taking your name.  But if someone else is already using it you won't be able to register it. 

 

10:01 am
May 15, 2011


Jackie

Member

posts 664

Are you actually doing business as your blog name, or are you doing business under your own name? The answer will depend both on your state and on what you're doing. My business name (both when I was a sole proprietorship and now that it's an LLC) has nothing to do with my blog name. I did file trade names though with the secretary of state for those names.

MoneyCrush (Member Blog)
http://www.moneycrush.com • @moneycrush • Facebook

12:22 am
May 16, 2011


Buck Inspire

Member

posts 1546

JT, Ashley, and Jackie,

 

Thanks for the feedback.  I need to figure if I am doing business under my name or my blog's name.  Any advantages or disadvantages for going one way or the other?

 

Thanks!

5:45 am
May 16, 2011


Kay Lynn Akers

San Diego

Member

posts 904

Buck Inspire said:

JT, Ashley, and Jackie,

 

Thanks for the feedback.  I need to figure if I am doing business under my name or my blog's name.  Any advantages or disadvantages for going one way or the other?

 

Thanks!

Buck, the DBA filing isn't that much in California but is done through the county.  It's good for several years.

Visit me at Weight Chronicles

Follow me on twitter: @Kaylynnakers

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Email: admin@weightchronicles.com

6:55 am
May 16, 2011


Jackie

Member

posts 664

Doing it under your own name is easier because you can continue to use your individual bank account if you want. (But you should definitely keep separate financial records.) That's not really an overwhelming advantage though, so the short answer IMO is no :)

MoneyCrush (Member Blog)
http://www.moneycrush.com • @moneycrush • Facebook


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