Ivy Capital Inc – Business Name
October 1, 2008
Business Name / DBA
Overview
- What is a DBA & a Federal/Tax ID number?
- Why establish a business name
- Choosing a business name
- Where to register
- Assignments
What are a DBA & a Federal/Tax ID number?
- DBA stands for “Doing Business As.” A DBA is also known as a Fictitious Business Name. If you plan to operate under a name other than your own given name you will want to register it as a DBA.
- In addition to registering a business name, you may also decide to apply for a Federal Tax ID number for your business. Some states allow you to use your Social Security number for your Tax ID number.
Why establish a business name
- Having a registered business name allows you to take advantage of many tax deductions associated with a home-based business. Many of those tax deductions are mentioned in the Accounting & Taxes Curriculum section.
- Most manufacturing or dropship companies will require you to be a registered business with a Tax ID # before they will work with you.
