The answer is based on where you intend to run your business and live. Depending on the town or city where your business is located, the fee to establish a DBA in Massachusetts ranges from $20 to $60. It’s quite easy to apply, and you may do it online or in person at your local city or town hall. Remember that this price stands alone from any other charges or taxes you would have to make in order to run your business in Massachusetts.
You could also wonder about other issues related to your legal obligations as a sole proprietor. Can a sole proprietor, for instance, have a president? No, is the response. A lone proprietor has no shareholders or board members because they are the only owners of their company. So they are not allowed to hold the office of president or any other officer title.
Whether a solo proprietor can be a founder is another crucial topic. A solo proprietor did start their business, yes. They are in charge of starting and growing their company, and they have total authority over how it runs.
The fact that a sole proprietorship is not a legal entity should also be noted. This indicates that for tax and liability purposes, the owner and the company are regarded as one and the same. Any financial obligations or legal problems resulting from a sole proprietorship are the sole proprietor’s personal responsibility.
Finally, you might be debating whether or not to register your internet business with the Massachusetts Department of Trade and Industry (DTI). While registering an online business with the DTI is not a requirement in and of itself, it is crucial to abide by all other state and federal laws that apply to running a business. This include paying taxes, receiving any required licenses or permissions, and abiding by all relevant rules and laws.
In conclusion, registering a DBA in Massachusetts for sole proprietorships is a somewhat easy and inexpensive process. It’s crucial for sole proprietors to comprehend the legal requirements and constraints of their business structure, including the fact that they cannot elect a president or enjoy the benefits of a legal corporation. Your business can succeed and last a long time if you abide by all applicable rules and laws.