General Discussion
In reply to the discussion: Can we talk about a Maximum Wage? [View all]Lurker Deluxe
(1,036 posts)That is not true at all.
A DBA allows you to open a bank account, and other things, as the name of your company. It has nothing to do with being a corporation. I think you are mistaking a couple of terms.
I can open Lurker Deluxe Welding Repair tomorrow with just me as an employee. I can advertise under that name, and I can tell my customers that name, once they decide to pay me I can either have them write the check to me, Lurker Deluxe and cash it ... or I can have them write it to Lurker Deluxe Welding Repair, in which case I will have to get a DBA, Lurker Deluxe doing business as Lurker Deluxe Welding Repair, to cash that check.
It's still just me ... and I do not have to be incorporated, I can function as a sole prop as long as I like.