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What is the difference between a DBA and a fictitious business name?
Keep in mind that a DBA isnt a legal entity or tax classificationit simply allows you to operate under a different name. In many cases, businesses with a DBA will need an EIN, though there are a few exceptionsparticularly for sole proprietors and single-member LLCs.
Is a DBA the same as a fictitious name?
A DBA does not protect your personal assets, so in the event of a lawsuit against your business, your personal bank accounts, car, or home could be at risk.
Does a fictitious business name need an EIN?
Define the purpose of the fictitious name. If you are creating a company image, the name should reflect the overall products and services of the company. If you are creating a specialty division, the name should represent that special line of business.
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