Should I file a DBA (Fictitious name) for each of my separate businesses?
A lot of entrepreneurs have multiple ideas for starting different types of businesses. There are several ways these separate businesses can be structured. It is very important to form these businesses correctly from the start to maximize liability protection. One way to structure your multiple business ventures is to form a single business entity and register a fictitious name (also called “Doing Business As” name, or DBA) for each individual business. This structure can be
Why does my LLC need an Operating Agreement?
Who should have an Operating Agreement? All LLCs, even single member LLCs, should have an operating agreement. An operating agreement is a document which describes the operations of the LLC and sets forth the agreement between the members (owners) of the business. An operating agreement helps separate the business from the owner(s). Keeping this separateness protects the owner(s) personal assets. What is an Operating Agreement? Operating Agreements establish the structure of
