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What kind of Business are you?

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  • What kind of Business are you?

    LLC, Sole Proprietorship or corporation?

  • #2
    dba :rock:

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    • #3
      Hi MJK,

      Have you been considering one over the other?
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      • #4
        Yea i was thinking about an LLC.

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        • #5
          Have you been running your business as a sole proprietor thus far?

          What's made you think of going to an LLC?
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          • #6
            Basically in a nutshell you can have a sole prop LLC. That is how mine is setup.

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            • #7
              My business isn't registored so its not a real business. But i'm starting to make money were i kind of have to make it legit.

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              • #8
                Well even if your customers pay you, that is a real business. DBA only means 'doing business as.' There is no reason you can't do business as yourself. That is how plenty of people get started. I don't think there are any laws that force you to register a business name when you are using your own name.

                Would you want to change your business name to something else? What's your view?
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                • #9
                  I kind of want my business to be seprate from me as a person. *That is why i was looking into starting an LLc. *Incase something happens with it i don't want to lose all my Possessions.



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                  • #10
                    Hi MJK,

                    It's good to see you thinking these things through. Registering under an LLC would be a good idea if you are concerned about protecting your assests.

                    Are you planning on registering it yourself or having an accountant do it?
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                    • #11
                      I think i'm going with the accountant. I have to do it fast because i want to bid on some commercial sites and enter a Refferal group called BNI. So i don't have much time to look it all up.

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                      • #12
                        Ok sounds good. Let us know how everything works with your llc registration and your bid.
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