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I am interested in starting a service business - I won`t need to hold inventory, but may make an occasional sale. I am pretty sure I want to form an LLC, as I have a partner that will be assisting me to form the company.
I know there`s a paper for forming an LLC. I know there is a paper for forming a DBA.
Do I need to form a DBA if I`m going to operate using the name of the LLC?
Can I form an LLC for a company name that was previously registered, but listed as "dead"? (I believe that means the company is out of business, and has been for over 10 years) There`s one name I came up with that is short, simple, and pretty catchy. It is also the name of a business in Texas, and I`m sure other states may have a company called this too.
Do I file with just the Secretary of State, or do I need to file additional paperwork with my county, or my township? (I do not live in a city)
I assume an EIN would make sense, and I`m told these are free to file with the IRS.
I plan on operating out of my home, and I will not be offering the ability for clients to come to my "office". I do live in an apartment . . . but they seem alright with the fact that I am running this out of my home, as long as I`m not disturbing my neighbors (one of which is the property manager, conveniently) or creating any additional traffic.
I have been operating "under the table" if you will, providing in-home computer services for people. While I still plan on doing this, I believe I want to begin supporting businesses as well, and I just want to make sure that everything is legit so that when they write the check, neither of us get slack if there`s ever any kind of audit.
I haven`t written any kind of business plan yet. I haven`t sat down with my partner to determine who owns what kind of percentage, how we`ll get paid, etc. All of this is very new to me and I`m not sure how to handle profits, losses, ownership, etc.
If there`s anything else I need to look into and haven`t mentioned it, it`s because I may be clueless.... While I may seem in the dark right now about a lot of these topics, I want to make sure I understand everything before I move forward with any of this, as this is a HUGE decision, as well as a pretty big step to take in life!
Thank you, everyone for any help you can provide!
Steve Taylor