What a DBA is not!

DBA Much?

A recent client asked us about the pros and cons of registering fictitious name aka DBA in New York.
As a startup attorney, I know other small businesses must have the same question but none have time for leisure reading. Here’s a quick snippet to remember:
  1. A DBA is not a legal entity, and has a very limited function. A DBA won’t protect your personal assets in a lawsuit; that’s a job best suited to LLCs, S-Corp, etc.
  2. A DBA could be sued if your fictitious name is confused with another company’s, possibly violating that party’s Intellectual Property (IP) rights!
  3. A DBA is not a business–it’s mission, vision, values, and people.
You can deduct the cost of legal fees and registration costs when tax time comes around.

 

Kwame

 


Notice: Undefined variable: post in /home/kwamed/public_html/wp-content/themes/you/functions-core.php on line 2745

Notice: Trying to get property of non-object in /home/kwamed/public_html/wp-content/themes/you/functions-core.php on line 2745

Notice: Undefined variable: post in /home/kwamed/public_html/wp-content/themes/you/functions-core.php on line 2745

Notice: Trying to get property of non-object in /home/kwamed/public_html/wp-content/themes/you/functions-core.php on line 2745

Notice: Undefined variable: post in /home/kwamed/public_html/wp-content/themes/you/functions-core.php on line 2748

Notice: Trying to get property of non-object in /home/kwamed/public_html/wp-content/themes/you/functions-core.php on line 2748
Share This

Notice: Undefined variable: post in /home/kwamed/public_html/wp-content/themes/you/functions-core.php on line 2764

Notice: Trying to get property of non-object in /home/kwamed/public_html/wp-content/themes/you/functions-core.php on line 2764
0
Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

2017 Scotch and Palm