What is the difference between an LLC and a DBA Doing business as certificate?   An LLC is as state created corporate entity... a DBA filing of such a certificate is simply the registration of  your trade name with the appropriate recorder's office in your state.   With a DBA, you are usually a sole proprietorship whereas with an LLC you are a member of a corporate  entity independedly existing as a separate legal entity /  person.   

If your intention is to start a Real Estate Investment company, the most important decision you need to make is whether to form a DBA or an LLC. At the end of the day, all things considered, given the nature of the business you will be doing, an LLC is clearly the superior choice.

A DBA simply establishes with the county that your chosen business name, assuming it isn't already taken, is yours and yours alone. It also allows you to open a bank account in the name of that business, and, within the confines opf that county, advertise for your business under that name.

An LLC does all of these things, statewide, and more. It allows you to enter in with partners, selectively define the nature and measure of ownership of each of these partners, and also protects you from the liability of the LLC, as by filing the agreement, you have in fact created a fictional person under the LLCs name.

Now this kind of protection is essential for a firm dealing in Real Estate Investment. Not only is it important to define the nature of the company in advance, but considering the expensive and litigous nature of the business, the ability to cut ones losses and run legally is paramount should a deal go bad. DBA's do not offer this.

A DBA is a simple filing with the county wherein you choose a business name, and file with the county to have that business name identified with your business and only your business in the county, as well as with your person and only your person, for banking and advertising purposes.

In contrast, an LLC is the filing of a name for the same purposes with the state, as well as an agreement allowing a system of partners, special and pre-designated degrees of ownership, and a host of legal, financial and tax liability protections indispensable for Real Estate Investment firm.

07 - Here are the licenses and tax ids you are legally required to obtain before starting Real Estate Investment operations:

1. A business tax registration license

2. A DBA assumed business name

3. A federal tax id number if you are a partnership or you want to use it instead of you social security number to open a bank account.

Obtain all these permits and more online at www.businessnameusa.com

Simply fill out our online questionaire, complete our business information form thouroughly, leaving blank only those areas to which you do not posess the answer, and complete our paymeny information form and we will begin processing your order imediately.

www.businessnameusa.com

P.O. Box 14927

Long Beach CA, 90853

310-455-6675

When compared side by side, there really is no contest. Given the massive ups and downs that the real estate market can take, it is entirely possible for a company, previously highly profitable, to go bankrupt overnight. With an LLC, only the company goes bankrupt, and you remain solvent. With a DBA, you go down with the ship.

All of these permits together comes down to the highly competitive price of $449.97.