LLC (Limited Liability Company) provides limited liability protection to their owners (called members). Typically, owners are not personally responsible for business debts and liabilities of the limited liability company so creditors cannot pursue owners’ personal assets to pay business debts.
Advantages of an LLC
Business owners stand to gain many benefits when they register a company as an LLC. These benefits are, in many cases, unavailable to sole proprietorships and general partnerships.
$75 plus state fees forms your business with the State of Pa
A doing business as (DBA) filing is an official and public way to register a business name with either the state or a local jurisdiction, such as a county. A DBA name is also called an assumed name, fictitious business name or trade name.
Why a DBA is important
Once the DBA filing is approved, the business can use the name as its official business name and:
- Open a business bank account
- Create stationary or business cards
- Develop advertisements and/or list the company in directories
- Undertake transactions on behalf of the company