Operating a business under a name different from your legal personal name requires registering a 'Doing Business As' (DBA), also known as a fictitious name or trade name. While a DBA allows you to use a trade name, it doesn't create a separate legal entity. This means the business's tax obligations are typically tied to the owner's Social Security Number (SSN) or, if the business structure warrants it, a federal Employer Identification Number (EIN). Understanding the correct tax identification number for your DBA is crucial for accurate tax filing and compliance. The type of tax ID you need depends on your business structure, whether you operate as a sole proprietor, partnership, or if your DBA is associated with an existing LLC or Corporation. Lovie can help clarify these requirements and even assist with the formation of your underlying business entity if needed, ensuring you have the right foundation from the start.
Start your formation with Lovie — $29/month, everything included.