DBA Formation

Go by a different business name without creating a new company.

How it's unique

• Better if you need an easy set-up
• Not an actual legal entity type

Protections & taxation

• You're personally on the hook for business liabilities
• Taxed just once if your business is classified as a sole proprietorship or partnership—you pay on profits in your personal tax return

Drawbacks to consider

• No personal liability protection