DBA vs. Legal Entity Formation: What's the Difference?
It's important to understand the distinction between a DBA and forming a separate legal entity like an LLC or corporation:
Cost: Setting up a DBA is generally less expensive than forming a new legal entity. Simplicity: The process of registering a DBA is usually quicker and involves less paperwork. Legal Protection: Unlike an LLC or corporation, a DBA does not provide liability protection or a separate legal identity.