Monday, December 8, 2008

Multiple Business?

Question: Can a Corporation or LLC have a D.B.A?

Answer: Yes, a Corporation or LLC can file to obtain a D.B.A or Fictitious name. You can complete a D.B.A application in the County where the LLC is transacting business, but be cautious when completing all documents to ensure that the D.B.A. gets structured under the LLC. By filing the D.B.A. under the LLC, the D.B.A. gains liability protection from the LLC.

Watch your eggs! Huh? That’s a really crazy FYI; however, let’s take a look at the following: John Doe decides he is going to purchase rental properties and open a restaurant. John opens an LLC to handle both ventures, under two different DBAs. One of his rental properties has a lawsuit; by holding both ventures in the LLC, the restaurant venture will also be liable for those legal actions. When you place all your business venture eggs into one basket, you’re putting the whole basket’s assets at risk.

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