Can I have another business name under my LLC?

Can an LLC do business as another name?

A limited liability company can register a DBA, or “doing business as” name and still do business using the official LLC name. A DBA operates much like a personal nickname—you may use your nickname for some purposes and your full legal name for others.

How many DBAs Can an LLC have?

Yes, it is possible for an LLC to operate under more than one DBA at a time. DBAs allow an LLC to use more than one business name without having to form multiple, separate legal entities.

Can an LLC be under two names?

A limited liability company can have multiple DBAs or “doing business as” names. A DBA, also known as a fictitious business name, is a business name that is different from the business’s official legal name. … DBAs allow an LLC to use multiple business names without having to form separate businesses.

How can I run two businesses under one company?

Create an LLC Holding Company With Individual LLCs Under It. Another option for running multiple businesses is to create individual LLCs for each of the businesses and then put them under one parent LLC that acts as a holding company.

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Can I use one ein for multiple businesses?

It is not possible to use the same EIN for different Entity types or for businesses that are not related. … If you have multiple businesses that are taxed differently, such as a corporation and an LLC. Because these types of businesses fall under different tax rules, they require separate EINs.

Do I need a separate EIN for each DBA?

That’s because an EIN is used for tax purposes, and your business is the entity that pays taxes. Your DBAs are just your business nicknames, and therefore, you won’t have a separate EIN for a DBA. Not all businesses need an EIN.

How does a DBA work under an LLC?

A single LLC entity can operate with multiple businesses using a DBA. For a DBA to be used legally by the business owners, they are required to register the name in accordance with state laws where the business operates. A penalty is imposed on businesses when they fail to register a DBA prior to operations.

Can you do business under a different name?

Called a Doing Business As (DBA) filing, this action allows your company to legally operate under a trade name, also known as an “assumed” or “fictitious” name. By having a Doing Business As name, it’s possible for sole proprietors and general partners to do business using a name other than the owners’ personal name.

Is it better to have multiple businesses under one LLC?

An Increase in Potential Risk

The advantage of an LLC is the limited liability it affords its owners. When you run two separate businesses under two separate LLCs, the assets and income of each individual company is also protected from any liability risk which might affect the other company.

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How do I put two names on my LLC?

Basic Steps to Form a Multi-Member LLC

  1. Choose a business name. …
  2. Apply for an EIN (Employer Identification Number). …
  3. File your LLC’s articles of organization. …
  4. Create an operating agreement. …
  5. Apply for the necessary business licenses and permits. …
  6. Open a separate bank account for your business.

Can LLC own another LLC?

As for the legality of ownership, an LLC is allowed to be an owner of another LLC. … LLC members can therefore be individuals or business entities such as corporations or other LLCs. It is also possible to form a single-member LLC whose only owner is another LLC.