Do it as DBA
The only reason to file a DBA in your state is if you want to do business as "turbomonkey", for example, when you take a CC payment and your customer receipt says Bought at "Turbomonkey".Thank you guys for those info. That's exactly what i wanted to do EkthorAstro, so your saying if i got a brand going and called it for example turbomonkey and get a website with turbomoneky.com, i don't need a DBA filed in the state as long as i say Turbomonkey is a product of "My business name"? Does that still work if I'm a sole proprietor or do i need to be an LLC?
Sorry for taking so long on the reply. In the case of a sole proprietor, it is a bit different. Unless you are using your name as a business name you will need a DBA for you business. A few plausible scenarios in your case are as follow.Thank you guys for those info. That's exactly what i wanted to do EkthorAstro, so your saying if i got a brand going and called it for example turbomonkey and get a website with turbomoneky.com, i don't need a DBA filed in the state as long as i say Turbomonkey is a product of "My business name"? Does that still work if I'm a sole proprietor or do i need to be an LLC?
As for starting and placing your company under your b/f's company is not wise nor advisable, even if it's legal.I am still researching on how i should set up my company. I am hoping to use 2 brand names. My b/f wanted me to go under his company (freight transportation), but i wasn't sure if that's a good idea or legally allowed.
For the LLC parent name, can we use it as a brand name too(put on clothes/name on receipt) or only allowed to be the parent company? Like your only allowed to create a brand under it (Johnson & Johnson "Splenda" and "Listerine" brands)?
@Theincrediblesok were you able to add your t-shirt name under your graphic design one? I prefer to start small since I am a start-up. LLC seems best when i have all the funds to launch a full collection. For now i want to purchase wholesale and qualify for a resellers/wholesale license.
I'm still a little confused on the matter, but the information here is helpful. thanks.
Yes. My b/f company has a HIGHER risk of being sued than I do. He only operates under 1 business name so I'm not even sure if he can be a parent company. It is an LLC though.As for starting and placing your company under your b/f's company is not wise nor advisable, even if it's legal.
You have to decide what's important to you, if you start as a sole proprietor, you can apply for purchase under wholesale accounts, but you leave yourself and your business open to liability if you/your company are sued. If you start out as an LLC, its a little more paperwork, although simple, but it will shield your personal assets if someone were to name your company into a potential lawsuit.
You have to also think of the tax implications between the two modes of business too.
The cost of all of this depends upon your state. There is probably a state web site where you can see what it costs and download any forms (or apply online, as you can do in Oregon).I am still researching on how i should set up my company. I am hoping to use 2 brand names. My b/f wanted me to go under his company (freight transportation), but i wasn't sure if that's a good idea or legally allowed.
For the LLC parent name, can we use it as a brand name too(put on clothes/name on receipt) or only allowed to be the parent company? Like your only allowed to create a brand under it (Johnson & Johnson "Splenda" and "Listerine" brands)?
@Theincrediblesok were you able to add your t-shirt name under your graphic design one? I prefer to start small since I am a start-up. LLC seems best when i have all the funds to launch a full collection. For now i want to purchase wholesale and qualify for a resellers/wholesale license.
I'm still a little confused on the matter, but the information here is helpful. thanks.