Operating a business under a "Doing Business As" (DBA) name, also known as a fictitious name or trade name, is a common way for sole proprietors and partnerships to conduct business under a name different from their legal personal name. While a DBA is simple to set up and requires minimal paperwork, it offers no legal separation between the business and the owner. This means your personal assets are at risk if the business incurs debt or faces a lawsuit. Converting your DBA to a Limited Liability Company (LLC) is a strategic move that provides crucial liability protection and enhances your business's credibility. An LLC creates a legal entity separate from its owners (members), shielding your personal assets like your home, car, and savings from business liabilities. This transition is more than just a name change; it's a fundamental shift in your business's legal structure. This guide will walk you through the essential steps and considerations involved in converting your DBA to an LLC, empowering you to make an informed decision for your business's future.
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