If you are a business major or professional, you may be debating whether to capitalize the phrase “business major.” Yes, it should be capitalized because it refers to a particular academic program or degree and is a proper noun.
It’s critical to comprehend the distinction between a DBA (Doing Business As) and a legal business entity in addition to correct capitalization. While a legitimate company structure, such an LLC or corporation, offers the owners legal and financial protection, a DBA is merely the name under which a person or firm conducts its operations. If two businesses operate in separate sectors or regions, it is still possible for them to share the same DBA.
There are a number of crucial procedures to follow if you want to launch your own business. To establish whether your business idea is feasible, first do some research on your sector and target market. After that, draft a business plan including your objectives, plans, and financial estimates. After that, register your company with the relevant government departments and secure the required licenses and permits. Finally, have a solid internet presence and marketing plan to advertise your company.
It’s crucial to comprehend the distinctions between using a DBA and operating as a single proprietor while making this decision. A sole proprietorship is a company that is owned and run by one person, whereas a DBA is just a name that a company uses to conduct business. A sole proprietorship puts the owner’s personal assets at risk and offers no legal protection. A DBA, on the other hand, can be utilized by any legitimate company entity and offers no independent legal protection.
Last but not least, a DBA may hire people. Payroll taxes, workers’ compensation insurance, and adherence to employment laws and regulations are just a few of the legal and financial obligations that come with hiring staff members.
As a result, it is crucial to uppercase the term “business major” since it is a proper noun while writing about it. Making educated decisions as a business owner or student can be facilitated by knowing the distinction between a DBA and a legal business entity, as well as the procedures for launching a company and the distinctions between a sole proprietorship and DBA.