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Should I Be a DBA or Corporation? This show will talk about why it is importance of structuring your business in a proper way to build creditability and begin branding your newly formed company. We will talk about were to go to get set up in your county and state and why this structure is important.
Sole Proprietorship ( DBA) is the simplest form of business, in which a sole owner and his or her business are not legally distinct entities, and the owner is personally liable for business debts.
Corporation is an organization authorized by state law to act as a legal entity distinct from its owners. A corporation has its own name and powers to achieve legal purposes, and therefore is a separate legal entity.
Limited Liability Company (LLC) is a hybrid between a corporation and a limited partnership. LLCs provide protection from personal liability, just as corporations do, yet LLCs receive the tax treatment of limited partnerships, or a C corporation, whichever the members of the LLC desire.
Where you deside a DBA or Corporation for your business structure, having a legal business formation make you look more professional to creditor, business association and your customers - they want what they dealing.
Apple Capital Group, Inc., is a commercial finance company that specialize in asset based loan program in the US and Canada. For more information, check out our website at http://www.applecapitalgroup.com or call use at 866-611-7457. Check out our daily small business blog by http://blog.applecapitalgroup.com