How,Important,Filing,DBA,Filin law How Important is Filing a DBA?
Bankruptcy is a situation, wherein an individual is termed as unable to discharge all the debts. When a person or a company is not able to pay off its creditors, it has an obligation to file a bankruptcy suit. In fact, a bankruptcy suit is a When you work with an attorney, you will have no problem reducing the risks associated with getting your case in front of a judge and jury, or other formal court, when you need to. However, every case is different. It is important to work wi
Filinga DBA also allows business owners to legally accept payments, openbank accounts, and advertise under their chosen fictitious names.Having an assumed name can also avoid fraud since doing businessusing a name other than your legal name without proper documents isagainst the law.Sowhy would a business entity want to file a fictitious name?Thereare several reasons for this. First, when you are a sole proprietor,you have the option to use a business name instead of your own name.You also do not have to create a formal entity such as a corporation,partnership or even LLC. Legal entities on the other hand can domultiple businesses without having several business entities.DBAstatements are usually used in franchising businesses. Here, thefranchisee conduct business using the franchise' brand name but atthe same time, it also has its own legal name. Filing a DBAonline is not as complicated as it seems. In mostcases, all you need to do is to sit in front of your computer, answerthe questionnaire and wait for it to be reviewed and processed.However, in some states especially in California and other areas,business owners are required to publish a notice of their intent tooperate in a fictitious name in newspapers at a certain time period.Business owners are also compelled to record the name in the Recorderof deeds. This aims to protect people from fraud and other legalproblems that might arise in the future. Filing a DBAand the proper use of assumed names can be a powerful marketing andbranding tool for businesses. It is important that business ownersunderstand its purpose in order to maximize its uses. Article Tags: Business Owners
How,Important,Filing,DBA,Filin