The acronym DBA stands for “doing business as.” It’s a legal word that describes a company that trades under a name other than the owner’s legal identity. If John Smith has a company called “John Smith’s Landscaping,” for instance, he might establish a DBA to run it as “Green Acres Landscaping.”
You shouldn’t use your name for a business for a number of reasons. First of all, if your company is named after you, it can be difficult to develop brand recognition. Second, if your company is named after you, it might be more difficult to sell. Finally, if you are sued, utilizing your name for a business could result in legal obligations. Can I use my middle name for commercial purposes?
You may use your middle name in your company, of course. However, it’s imperative to confirm that using your middle name is lawful with your state’s agency for business registration. It may not be permitted to use your middle name while registering a DBA in some states due to special regulations.
No, you are not required to use your whole company name. You can either come up with a brand-new name or utilize a condensed version of your company name. It’s crucial to keep in mind that if you operate under a name different than your legal name, you must submit a DBA to the office of company registration in your state.
Now that you know what DBA stands for, let’s talk about adding it to QuickBooks. It is easy to add a DBA to QuickBooks. You must first log in to your QuickBooks account before you can access the “Settings” section. Then choose “Company Settings,” and last choose “Legal Name and Address.”
Put your legal business name in the “Legal Name” column. Enter the DBA name you’ve decided on in the “DBA” area. Click “Save” to save your modifications after entering your DBA name. All invoices, estimates, and other documents produced by QuickBooks will now use your DBA name.
The procedure of adding a DBA to QuickBooks is straightforward and might enable you to do business under a name other than your legal one. It’s crucial to confirm that a DBA name is lawful with your state’s office for business registration before choosing it. And keep in mind that, even while utilizing your name for your company might seem like a smart idea at the time, it can pose problems later on.