If you reside in Florida and want to start a business, you may have numerous questions regarding how to begin your endeavor. You may already have a name for your business. It may be a DBA or Doing Business As, which is a fictional name used when creating a partnership or sole proprietorship. This is often reserved for businesses intending to start small and work up to larger growth.
There are several things to keep in mind when you are filing as a DBA business. Perhaps one of the most important considerations is that there is no limited liability when you are a DBA. This means that if your company is ever the target of a lawsuit, you may be required to forfeit your personal assets as they could be considered.
Also, when you obtain a DBA filing for your business, the name is not necessarily unique to your company. Other companies in Florida could have the same name.
After you have filed the DBA with the state of Florida, you are required to have your local newspaper post a Legal Notice. Once this is done, most counties in the state will require you to obtain a business license before you can run your business. Sometimes this approval will be in the form of an occupational license or business tax receipt.
If you are considering starting a Florida DBA business, you may benefit substantially from getting things right from the get-go. Seeking the counsel of a Florida business law attorney may be the best decision you make in securing a successful start-up.