Texas - DBA Business License
STFTA subscriber Posts: 3
edited August 2007 in Accounting and Financial Management
Hello Startup!I have started a small business and created a Sole Prop / DBA. I have already applied and received my EIN and Texas Taxpayer number. When a company I am purchasing from requests my "business license" what exactly are they requesting?Thanks!
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Potential benefit of forming an LLC: a level of liability protection. Whether or not this will actually work depends upon your situation. (Does your business provide a service rather than a product? And if so, are you the only one providing the services? If yes to both, it`s quite possible you could be held liable in the case of a lawsuit stemming from services provided by your business.)
Potential drawbacks to forming an LLC:
Cost of formation (this is generally nothing too huge)
Possible state taxation complications (I`m sure Gina could inform as to how LLCs are taxed in TX)PiperTax2007-8-23 14:38:36
Provide them with your registered DBA certificate (Assumed Name Certificate, doing business as) .
With a fitness club you may wish to incorporate sooner rather than later because liability issues are more common than in other industries.With every business, not matter what entity you choose, you should try to keep your business assets separate from your personal assets. This makes doing your taxes much easier. Although you are not required to have a separate bank account when you are a sole proprietor it is extremely wise to do so.I am a CPA who specializes in taxes. I`ve been a CPA for almost 16 years. I am currently practicing out of Bullard, Texas, but more than half of my clients are not located in Bullard. Thanks to the Internet, fax machines and telephones it`s no longer necessary that you use a CPA close to home.You can learn more about me from viewing my website http://GLGcpa.com and my tax knowledge by reading my blog http://GLGcpa.blogspot.com
rolling marketing should consume about 90% of the business.I recommended www.clickandinc.com to incorporate my small business