The answer is that a DBA and an LLC may share the same name. In reality, many LLCs opt to conduct business under a DBA name for branding and marketing reasons. It is crucial to remember that all formal paperwork and filings must still be done under the LLC’s legal name.
Whether an LLC can have a continuous existence is another crucial consideration when founding one. Yes, most states let LLCs to continue to exist perpetually, which means they may carry on doing business indefinitely unless terminated by their owners or the state.
Now that you’ve asked, can a 501c3 own an LLC? The answer is yes, although there are some restrictions. A tax-exempt organization known as a 501c3 is not allowed to carry out certain activities, including those that result in unrelated business income. A 501c3 must make sure that the LLC’s operations do not conflict with its tax-exempt status if it owns the LLC.
The LLC itself is the property owner in an LLC when it comes to real estate. Nevertheless, according on the provisions of the operating agreement, the LLC’s members can each own a different proportion of the property.
And finally, may one LLC acquire another LLC? Yes, an LLC can own another LLC, and this is frequently done for tax and liability reasons. However, it is crucial to make sure that the ownership structure is accurately recorded and that the LLCs are not taking part in any activities that endanger their position as entities with liability protection.
In conclusion, an LLC can own another LLC, enjoy perpetual existence, and use the same name as a DBA. A 501c3 may own an LLC, but it must make sure that the LLC’s operations do not conflict with its tax-exempt status and that the LLC itself is the legal owner of all real estate owned by the company.
The issue of whether an LLC can use the same name as a DBA is not immediately related to the query of whether a holding company ought to be an LLC. However, a number of variables, including the nature of the business, tax implications, liability mitigation, and ownership structure, determine whether or not a holding company should be an LLC. To decide on the ideal setup for a holding company, it is advised to speak with a legal or financial expert.
It is feasible for two LLCs to jointly possess a piece of property. A legal arrangement, such as a joint venture or partnership agreement, would need to be reached and documented outlining the ownership share that each LLC would possess. A lawyer and accountant should be consulted to ensure that all legal and tax consequences are correctly addressed.