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California Fictitious Business Name is simply a filing and publication by the business or individual under which the
California Fictitious Business Name operates. It tells the community that John Doe, who lives on 1 Somewhere St. in Beverly Hills, CA 90210, operates a business called "Getoll De Muny," and his business address is 1 Nowhere St, Los Angeles California 90000. So now people and banks can trust you (and I have no idea why) and they will issue checks in the company's name and the bank will open a bank account and let you cash the checks. NOTE THE BANK will not open a bank account unless you have a A
California Fictitious Business Name is simply a filing and publication of the business or individual under which the
California Fictitious Business Name operates. "California dba" means "Doing Business As..." A person or a company is using a business name other than their personal or corporation name. Example: Tony Soprano starts a business called "Rob 'em and Cheat 'em". Obviously, he does not want his name to be associated with the business name , so a
California dba registration is required, unless he uses "Tony Soprano" or even Tony Soprano, the Robber" as his business name because in the latter case his real name is incorporated in the business name. The same applies when a Corporation, an LLC, a General Partnership, etc. wants to do business in another name. Example, your corporation name is "Rob 'em and Cheat 'em" and you want to do business as "Rob 'em". You need to obtain a
California dba for that name.
Answer:
1. Generally you need a Fed tax id, if you have employees, and you need to separate yourself from the company for tax purposes - however, you could do your taxes under your social security if you don't have employees. · However, the question is whether you want to do business under your social security #. · If you do, all of your personal assets are subject to civil suits, and creditors. · In addition, you can…YES you can build a separate credit line with a secured or unsecured business credit card or by obtaining a loan in the federal tax id. So long as you make it clear in the contracts you enter into, your personal assets are not completely at stake, because if you have a fed Tax Id (EIN), it is additional evidence that the party to the contract was dealing with a business and not an individual. – however, keep in mind that incorporation is the organization that really shields your assets and protects you from civil liability so long as you follow the corporate formalities. 2. Do I need a State Tax ID? See "1" above: you need it if you pay employee(s) more than $100 per year. 3. You need a seller's permit in California if you sell any type of products – YOU GET tax free purchases for ITEMS YOU BUY to resell. |