I am currently attending classes in order to start a home inspection business in the capitol region of New York State. I was wondering if any of you can explain the main differences of LLC vs DBA including the liability and the tax items.
I’ve been known to be mistaken Mark, but in this case it can’t be by much
All things being equal, tax structure is a more important consideration when considerating a LLC verser other entities, particular in the context of our profession where there are many solo-artists.
When it comes to LLC, in the state of Indiana you will not be held responsible unless you don’t do things correctly regarding how you run your business.
This link is one example of what we can do to prevent somebody from “piercing the veil”.
LLC - Limited Liability Company- this separates your personnel assets from your business assets completely.
DBA - Doing Business As
DBA- is added after you have formed your company,
to use a different company name.