I have registered a business but would like to operate many businesses under the same name
2007-02-05 18:09:22 · 6 answers · asked by James W 1 in Business & Finance ➔ Small Business
be carefull of one thing; in my state you pay tax based on the type of business. Some types pay more. Also factor in insurance as well.
2007-02-05 18:47:38 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It is as simple as filing a DBA ( Doing Business AS), this is a common set up for businesses. Normally it is used when you use company funds to start up another company. Remember though if one of the DBA's has a lawsuite it will include all business's under the parent company not just the one that it was filed against. But it can also be an insurance policy.
Example:
When the lawsuites were filed back in the 90's by smokers you heard about Marlbboro being sued and that Phillip Morris owned it but what u may not have known is that Phillip Morris also owns Kraft and many others. When Marlboro and Phillip Morris had to pay billions in damages it also effected the income of Kraft and the prices everyone pays for thier products. Granted it did not bankurpt them because of the diversity of Phillip Morris so in thier case it was a good thing to have so many companies under one roof.
2007-02-05 23:14:04 · answer #2 · answered by txhilander4 1 · 0⤊ 0⤋
Yes, as long as you have no intent to defraud. For example, if your registered business name is Acme Cleaning Services, you could put on your business checks and stationery: Oxmyx Pest Spraying, dba Acme Cleaning Service. This is done frequently when a small company is increasing the range of its services to try to grow or when a large company wants to acquire so many names that you can never find the guys who did such a poor job on your warranty work.
2007-02-05 18:25:47 · answer #3 · answered by Casey 2 · 0⤊ 0⤋
If your current business is incorporated, it's easy and done all the time. Just register a new fictitious name with your current corporation as the owner. If you are not incorporated already, it may not be possible, but laws vary from state to state.
2007-02-05 18:17:04 · answer #4 · answered by Brian G 6 · 0⤊ 0⤋
Yes you can, they're called subsidiaries.
Check out Companies House website - there is a large amount of information to be gained from there.
2007-02-05 18:15:29 · answer #5 · answered by bengimog 2 · 0⤊ 0⤋
yes you can have trading names but you must make it obvious that you are, say, 'London car spares Ltd' trading as 'zippy tyres' in everything you write and do.
2007-02-07 10:23:21 · answer #6 · answered by Professor 7 · 0⤊ 0⤋