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Do I need a DBA?

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In this video I talk about what a DBA is and whether or not you need one.
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Опубликовано:

20 авг 2024

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Комментарии : 61

@ArtisticYogurtz 2 года назад

Just wanted to say thank you for this video because it popped up on my feed. I barely set up a chase business bank account and DBA was one of the questions it asked me, so I wasn't sure. After watching the video, it makes sense for me not to have one and I like simplicity too!

@karlajamaica 2 года назад

Finally the information I wanted! Thank you so much.

@MTMAR 6 месяцев назад

Thank you for being smart, clear, and concise.

@shawnamhagan 3 года назад

Hello! I’m so glad I found this channel! It’s so helpful! Do you plan on making a video about the different types of entities(sole proprietor, LLC, S Corp, etc.) and which would be best for resellers in different situations?

@notyourdadscpa 3 года назад

Yes!

@MTMAR 6 месяцев назад

Im about to follow you on the gram a'lot of people spread false information you literally answered all my questions no fluff and saved me a headache.

@seandascrapper2758 7 месяцев назад

Thank you for making things clear

@lizny9239 Год назад

This makes soo much sense.. ty

@flacostarr Год назад

Wow! This has been so helpful to me. I'm glad I came across the channel and I will be subscribing.

@DreamFirms 3 года назад

Learned a lot from this video!

@sandyl.7608 3 года назад

Can you please tell me if when adding up your receipts do you total it before or after sales tax? I really appreciate how generous you are with your time and knowledge. I know I have told you that many times but I really do!!

@notyourdadscpa 3 года назад

Thanks Sandy! You would take the total after adding in the sales tax, that just becomes your overall cost or deduction.

@sandyl.7608 3 года назад

@@notyourdadscpa Thank you very much, I thought that was the case but was having a moment of "am I sure I am right"?? Thanks for taking the time to answer.

@anneraso5621 2 года назад

The 1099s have the price with the sales tax on them already. So you just use that for the gross amount to give to your accountant and then just give them a list of business expenses including what you paid for the items you sold, right?

@momosan11 4 месяца назад

great video. So...the names of the product does not equate to that being the business. Also the name of a website does not equate to it being a business. Unless the names of the products/website is used on invoicing, or to enforce contractual obligations then it would be a dba scenario for the llc?

@briman113 3 года назад

Not Your Dad's DBA 😁 Thanks for the information, appreciate your videos

@ItsNickPowers Год назад

Too late. Already running around and paying fees at my local clerks office 🤦🏻‍♂️

@abbyfreddh.5076 2 года назад

Thank you!!! This is really helpful.

@bfreeinjesus2323 8 месяцев назад

How do you sign contracts with DBA as a sole proprietor? Do you always put your name first, then add dba name next?

@machineman6498 2 года назад

Thank you for making this

@goofgoof3663 3 года назад

Okay so if I fill out a W-9 as an online content creator and I put my real name on line 1...but I never disclose my real name to public who pay to subscribe to me... do I need a DBA? My social media handle for the paid subscription is something I just made up to be anonymous. IRS of course will be given my real name and ssn on the w-9. I’m just trying to figure out if I need a dba in a state where sole-proprietors are suppose to get one if you use a fictitious name and if i need to supply that on line 2 of the W-9.

@CassieJohnsonGardens 6 месяцев назад

Hi, thank u for the video! Do u know how this works if u want to be monetized by Adsense on RU-vid, but your channel name isn’t your legal name? Do u still need a DBA? Or is it ok without it as long as u register your legal name and info with Adsense? Im in NC

@William47345 3 года назад

can you do a video on bookkeeping? ive looked at quick books but it didnt seem what I needed. I know I can do it in google sheets and its been the best way. I just would like a better way for taxes and all that. QB didnt seem to do what I wanted. I just want Item cost, Sold and profit. Id like to be track automatically because manilly takes forever. Maybe manually is the best way.

@notyourdadscpa 3 года назад

Good suggestion, I'll see what I can do 👍🏼

@VanHuynhArt 2 года назад

Hi there! I have been looking all over the place trying to figure out the purpose of DBAs and whether I need one. I’m just a sole prop with a small ETSY shop that uses a name that is different from my legal name. So as long as my banking documents and whatnot are still using my own legal name, I don’t need to register my Etsy shop name as a DBA?

@Sandesplace 2 года назад

I just filled out my EIN application and was asked on the application if for DBAs... is this a valid DBA if I place it on my EIN application along with my LLC name? Thanks and Great content!!

@JustAudie 2 года назад

My LLC is under the name I'd like to keep on all my documents and show to all my customers however under this name I am doing multiple unrelated things such as candles, board games and etc but again, all under one name. Though each product itself will have a name I want to sell everything under the scope of my LLC name. Someone please tell me if this sounds like a situation that requires a DBA?

@notyourdadscpa 2 года назад

I wouldn't say it requires a DBA, unless you actually want to do business as a different name. Having a product or a brand with a different name does not require a DBA typically if you still show the LLC name on the official documents.

@sneakerhype8899 3 года назад

Great video 👍

@princechums Год назад

If a business name is Grossvend Shopping LLC can a DBA be Grossvend?

@anthonyb8994 Год назад

Does a DBA get a separate SIC or NAICS code from your original LLC?

@notyourdadscpa 11 месяцев назад

My understanding is that only the LLC gets the EIN

@therealbluehooney 2 года назад

So, if I’m an independent insurance agent, and my website /business cards have a “business name” just for marketing and establishing some credibility, but I am doing all transactions in my own name, sign contracts, receive payments, as just my name, I don’t need a DBA? I can legally just use my “business name” as a cute little brand identity kind of thing?

@notyourdadscpa 2 года назад

Yes that is my understanding 👍🏻

@willcollins5660 2 года назад

I live in California. Is there an extra cost and annual fee to add a online DBA underneath my LLC? Do you know or does anybody know? Also can my client make a check out to my DBA name?

@charIieking3 3 года назад

So when I registered my business with the irs I put a dba because I wanted to name my reseller business on eBay something else other than my name, I’ve heard u must pay to use a fictitious name for tax purposes so u won’t claim another company name on accident is that true?

@tonyawestmoreland4313 2 года назад

Do I need to contact my county and let them know I’m selling online? I don’t have a dba.

@leemckinney7178 3 года назад

can you answer questions about social security?

@notyourdadscpa 3 года назад

Some :)

@cherylrogers9845 3 года назад

So, my Poshmark Closet and EBay store is Floridareloved. What if I want to make sure no one else can take that name?

@notyourdadscpa 3 года назад

I think that's more in the legal arena of trademarking.

@kristinbrown6768 3 года назад

I get what you are saying about the DBA.....kinda. Did you get a DBA for Tew Financial LLC, since your name is Mark Tew, not Tew Financial or is the Tew enough to not need a DBA since that is your last name. But, then I thought I also heard if you have the same name on your LLC, bank account, and tax ID, then you don’t need a DBA even if it isn’t your name. I’m sorry. I found it confusing.

@notyourdadscpa 3 года назад

I did not get a DBA because I already "do business" in my official company name, meaning that's the name on my invoices, contracts, bank account, etc. I would only need a DBA if I wanted to use a name other than my official company name on those documents.

@kristinbrown6768 3 года назад

Okay. It clicked. 😂 Thank you!!!

@CarlosZtM 3 года назад

Am I the only one who clicked on this cuz squishmallows

@charIieking3 3 года назад

Hey so I made a sole proprietorship and can’t seem to find an option to register it on my state website does that mean u don’t have to or can’t? I see u can register an llc but not a sole proprietorship?

@notyourdadscpa 3 года назад

Correct, that's because you are a sole proprietorship by default. No need to form a sole proprietorship with the state as you would an LLC.

@charIieking3 3 года назад

@@notyourdadscpa ah great thanks, love your vids very informative 👍🏼

@susieqtx 3 года назад

What’s the difference between a DBA and tax exempt resellers license?

@notyourdadscpa 3 года назад

Two totally separate things. The DBA just gives you the right to operate under another name. The reseller exemption is the ability to purchase inventory for resale without paying sales tax.

@dycelusoceano 11 месяцев назад

What if you don’t have no LLC , can I still get a DBA since it’s just me ( individual) and can I still get an EIN with that DBA?

@notyourdadscpa 11 месяцев назад

Yes 👍🏻

@dycelusoceano 11 месяцев назад

@@notyourdadscpa I subbed you. Thank you so much. I appreciate your content 💪🏆

@erickrey4353 Год назад

As a sole proprietor If Im doing business as do I need a ein or can I use my ssn?

@notyourdadscpa Год назад

You can use your SSN, an EIN is optional for sole proprietors

@errolb.6763 2 года назад

Does a single-member llc with no employees need an EIN?

@notyourdadscpa 2 года назад

No it would be optional in that case 👍🏻

@lauraa.x_o 2 года назад

I got an EIN to not mix business with personal. It’s also free to get an EIN don’t fall into paying like $200 for one it takes less than 30min to set it up.