Alright, here we go...
As many of you know, I've been considering starting a "side" business. It would likely be a "technical solutions and services" business.
That said, I'm also looking into other income streams and trying to figure out how I should move forward with them, regardless of what they are.
I'm considering starting an LLC (which is around $300 where I live) for the "technical" business.
But I don't want my LLC to be too general from a naming perspective. Especially when it comes to the services offered, and on the website I would build. I want it to basically be "here are the tech solutions and services I offer...", and not, "but I also do A, B, C, and D".
At the same time, the other income streams may not be related to the LLC, nor related to each other.
So I was thinking of doing those things as a DBA (aka "Doing Business As" or "Trade Name").
I don't know what that would mean for tax purposes, though. I like to try to keep my taxes easy and straightforward, especially since my wife does them.
Also, at some point, I wouldn't mind selling these businesses, or just working on them full-time (depending on income).
Thoughts?
As many of you know, I've been considering starting a "side" business. It would likely be a "technical solutions and services" business.
That said, I'm also looking into other income streams and trying to figure out how I should move forward with them, regardless of what they are.
I'm considering starting an LLC (which is around $300 where I live) for the "technical" business.
But I don't want my LLC to be too general from a naming perspective. Especially when it comes to the services offered, and on the website I would build. I want it to basically be "here are the tech solutions and services I offer...", and not, "but I also do A, B, C, and D".
At the same time, the other income streams may not be related to the LLC, nor related to each other.
So I was thinking of doing those things as a DBA (aka "Doing Business As" or "Trade Name").
I don't know what that would mean for tax purposes, though. I like to try to keep my taxes easy and straightforward, especially since my wife does them.
Also, at some point, I wouldn't mind selling these businesses, or just working on them full-time (depending on income).
Thoughts?
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