I am Going to rent a Booth at a local market already looked into cottage food law and permits so i know what i would need and limits to what i can make.
Since its starting as a at home business what should i do i thought i had to do LLC and register my business name but now im reading about DBA and im confused to what i need.
I live in Broward county florida
I just registered today with the federal and state so this is fresh on my brain lol. Also congrats on starting a business!!! My husband and I contacted our accountant prior to registering our business. We are a joint venture (it's listed within the partnership section) if you are operating as an individual it would be a sole proprietorship if it's you and a spouse then it could be a joint venture or partnership depending on the involvement you both have in the business. Again I highly recommend contacting an accountant because I'm definitely not a tax professional lol :)
DBA means doing business as "____________", (put your business name) in empty space. You have to register your business name with the city in which you perform business if your business name does not have your name in it.
For example Lucys Cakes doesn't need to be registered as DBA, if Lucy is your first name. But your business name is Yummy Cakes , it need to be registered with the city
LLC means limited liability company. If someone files lawsuit against you. Your liability is limited. Sole proprietor - your liability is unlimited.
LLC needs to be registered with the State.
You are in different state, check your state regulations about business.
If you have to choose one, do an LLC from the beginning, I started out as a sole proprietorship and when I decided to convert to an LLC for better legal protection I had to go through the whole process of getting a business license and tax ID over again. Just a pain in the butt.
thanks costumec!! :) thats what i was thinking :p