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Getting Started w/Unscripted Entrepreneurship
Inventing, Importing, Sourcing
To the person with multiple inventions
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<blockquote data-quote="BrianLateStart" data-source="post: 929279" data-attributes="member: 68489"><p>I don't have multiple inventions, but I set my business up like I will. I created a generic business like LateStart LLC and then made a DBA for Invention1. Invention1 is owned by LateStart LLC. Amazon shows my legal business as LateStart LLC and my brand as Invention1. I'll create additional DBAs if needed.</p><p></p><p>I have no idea if this is the proper way. I hope someone will correct me if this was a bad idea. I'm sure there's tax reasons or selling the business in the future where setting up the invention as a DBA might not be the best option. I can probably restructure later if needed.</p></blockquote><p></p>
[QUOTE="BrianLateStart, post: 929279, member: 68489"] I don't have multiple inventions, but I set my business up like I will. I created a generic business like LateStart LLC and then made a DBA for Invention1. Invention1 is owned by LateStart LLC. Amazon shows my legal business as LateStart LLC and my brand as Invention1. I'll create additional DBAs if needed. I have no idea if this is the proper way. I hope someone will correct me if this was a bad idea. I'm sure there's tax reasons or selling the business in the future where setting up the invention as a DBA might not be the best option. I can probably restructure later if needed. [/QUOTE]
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Getting Started w/Unscripted Entrepreneurship
Inventing, Importing, Sourcing
To the person with multiple inventions
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