Which is best for a small computer repair business: Ficticious name or LLC?

Asked over 1 year ago - Hallandale, FL

I am starting a small business for myself. I will be repairing computers and cell phones. I want to be sure I am complying with Florida state laws and federal laws. Which is best for filing taxes at the end of the year LLC or Ficticious name? Do I need to do anything else? Thank you for your help.

Attorney answers (2)

  1. Pamela Koslyn

    Contributor Level 20

    2

    Lawyers agree

    1

    Best Answer
    chosen by asker

    Answered . You don't need to set up an LLC, but it would protect your personal assets from liability, which is something a DBA (fictitious business name) won't do.

    Make sure you choose a viable and available trademark to do business under, and make sure you have a good contract to use for your customers. That's where you need a business/IP's lawyer's help.

    Avvo doesn't pay us for these responses, and I'm not your lawyer just because I answer this question or respond to... more
  2. Joseph Franklin Pippen Jr.

    Pro

    Contributor Level 20

    1

    Lawyer agrees

    1

    Answered . LLC would give you come asset ptotection if set up correctly and you can elect Sub-S election for tax purposes.

    The answer given does not imply that an attorney-client relationship has been established and your best course of... more

Can't find what you're looking for? Ask a Lawyer

Get free answers from experienced attorneys.

 

Ask now

28,122 answers this week

3,377 attorneys answering

Ask a Lawyer

Get answers from top-rated lawyers.

  • It's FREE
  • It's easy
  • It's anonymous

28,122 answers this week

3,377 attorneys answering