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Old 06-27-2010, 10:23 PM
 
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If one were to get a dba (sole proprietor), can they call their business a company? or do they have to get an LLC in order for it to be a company?
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Old 06-28-2010, 02:27 AM
 
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
27,139 posts, read 45,277,422 times
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Sole Prop can be a company. In some states you can be an 'enterprise' without even having to file / register w/ state. (Don't 'forget' to file w/ IRS )

LLC is a Corporation. I have 4 dba's for one of my LLC's, but rarely recommend the Sole Prop thing, once a person has assets that can become fodder for an 'attorney'.

LLC can be 'flow-through' in taxation (Sames as Sole).

You can choose to tax file LLC as a Corporation if you so desire, but cannot change back and forth.
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Old 06-28-2010, 11:39 AM
 
Location: Virginia Beach, VA
5,517 posts, read 9,416,952 times
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Quote:
Originally Posted by StealthRabbit View Post
Sole Prop can be a company. In some states you can be an 'enterprise' without even having to file / register w/ state. (Don't 'forget' to file w/ IRS )

LLC is a Corporation. I have 4 dba's for one of my LLC's, but rarely recommend the Sole Prop thing, once a person has assets that can become fodder for an 'attorney'.

LLC can be 'flow-through' in taxation (Sames as Sole).

You can choose to tax file LLC as a Corporation if you so desire, but cannot change back and forth.
An LLC is not a corporation.
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Old 06-29-2010, 10:34 PM
 
3,087 posts, read 6,392,219 times
Reputation: 1596
Quote:
Originally Posted by StealthRabbit View Post
Sole Prop can be a company. In some states you can be an 'enterprise' without even having to file / register w/ state. (Don't 'forget' to file w/ IRS )

LLC is a Corporation. I have 4 dba's for one of my LLC's, but rarely recommend the Sole Prop thing, once a person has assets that can become fodder for an 'attorney'.

LLC can be 'flow-through' in taxation (Sames as Sole).

You can choose to tax file LLC as a Corporation if you so desire, but cannot change back and forth.
I just got my DBA like 3 months ago. I can file at the end of the year right?

I have my sole prop (DBA) in New Jersey. Can i say i'm the owner of a company? Am I trading?
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