Starting a Small Business/Can I add a DBA?

Advertisement

Expert: John A. Troland - 10/26/2009


Question
Hi John,

I am small business owner.  I have a "LLC with S-Corp election" business in North Carolina.  I am getting ready to start my next venture.  Can I add my new business as a DBA to my existing LLC?  Or should I create a new "LLC with S-Corp election"?

Thanks for your advice.

Tapas

Answer
Tapas: YES you can add the new business venture to your existing LLC BUT I would strongly suggest that you do NOT do it!!! Setup that new LLC.  Why? From a liability standpoint if both businesses are combined a legal problem/lawsuit for instance is filed against one business it could adversly affect the other business - NOT good!!!

Starting a Small Business

All Answers

Answers by Expert:

Ask Experts

Volunteer

John A. Troland

Expertise

I am a professional accountant, small business consultant and business plan writer with 43 years experience ( I am also listed on allexperts website as a volunteer in the category of Writing Business Plans).I can answer questions on what needs to be done to start a small business; forms of legal organization;financing for the business; need for a business plan; questions related to the purchase of a business; risks and rewards of owning a small business; marketing and promotion questions and questions concerning bookkeeping, accounting and tax considerations when starting a small business

Experience


Past/Present Clients
numerous clients over 43 years in retail, wholesale, service and the
manufacturing sectors

©2012 About.com, a part of The New York Times Company. All rights reserved.