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Post by lsgrngr on Nov 21, 2008 17:57:01 GMT -5
Ok, this may be a dumb question - but what is the difference between a sole proprietorship and a DBA?  Lisa |
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Post by Kathleen on Nov 22, 2008 20:25:52 GMT -5
The only dumb question is the one you don't ask.... So, DBA stands for "Doing Business As" ...legal term that to the name is a business uses. Sole Proprietorship is how your business is organized or set up. see full explanation here: en.wikipedia.org/wiki/Sole_proprietorship |
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Post by Kevin on Nov 23, 2008 2:38:29 GMT -5
Great Kathleen! That is the same thing I always tell everyone else. Most will spend thousands upon dollars trying to do something, an they are just wingng it. They never knew the right answer before they even started.
PAYS.... to ask questions.
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Post by lsgrngr on Nov 25, 2008 8:15:17 GMT -5
The only dumb question is the one you don't ask.... So, DBA stands for "Doing Business As" ...legal term that to the name is a business uses. Sole Proprietorship is how your business is organized or set up. see full explanation here: en.wikipedia.org/wiki/Sole_proprietorship Thanks, Kathleen! I appreciate that link! My question actually comes about from talking to someone at my bank in regards to opening a business account - I was asking the requirements and her question was "Is your business a sole prop. or a dba?" When I told her sole prop., she said I just have to make sure I have a business license in order to open the account. Does this make sense to you ? From your answer it seems that a "dba" is not a type o structure but only to do with the business name..... |
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Post by Kathleen on Nov 27, 2008 0:50:21 GMT -5
Thanks Kevin-I think you told me that once...only problem, is that....sometimes in the beginning, we didn't even know enough to know- what to ask to get started. lol lsgrngr- Not sure what state you are in? If your state requires you to be licensed then ... 1st Become a member of IJCSA if your not already. 2nd ...do some reading and research on setting up your business. www.irs.gov/businesses/index.html 3rd- Go talk to a reputable CPA or an Enrolled Agent (EA)- ((an IRS-licensed tax professional)). A reputable EA will take the time to explain things for you and help steer you in the right direction. Once you have met with 3 of them ..asking the same questions you should have a good idea of who you want to hire as your EA and what is needed to get started. see my post here for some information: usacleaning.proboards30.com/index.cgi?action=display&board=surveys&thread=4966&page=14th: Do some more research on this site and beyond. If Kevin has not already said it ..there is a wealth of information on this site....just look for it. Yes, it is hard to know what your looking for when you sometimes don't know what to ask...but dig around and you can learn by following the threads..use the search feature.... this is a good post => usacleaning.proboards30.com/index.cgi?action=display&board=Starting&thread=1638&page=1I posted some good info here on useful sites. usacleaning.proboards30.com/index.cgi?action=display&board=Starting&thread=1526&page=1Tips on writing a business plan: usacleaning.proboards30.com/index.cgi?action=display&board=Starting&thread=1567&page=1Remember it is a learning process. I'm a novice that has learned a little bit the hard way, from experiencing things, and from the old pros in the business on here and locally. Reach out and never stop learning, cause sometimes the more you know the less you know...at least sometimes that's how I feel. Good Luck & Happy Thanksgiving - Kathleen |
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