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Updated about 9 years ago on . Most recent reply

User Stats

39
Posts
7
Votes
K W
  • Southern California, CA
7
Votes |
39
Posts

Do I need a DBA or LLC?

K W
  • Southern California, CA
Posted

Looking to buy my first 4-plex. Do I really need a DBA, or since it's residential property can I just keep good records and have everything in my own name?

What if I buy the property in my name, and then get a DBA to run the property money through, is that okay since the property would be held in my name instead of the DBA?

thanks in advance

Most Popular Reply

User Stats

956
Posts
214
Votes
Josh Green
  • Financial Advisor
  • Tampa Area, FL
214
Votes |
956
Posts
Josh Green
  • Financial Advisor
  • Tampa Area, FL
Replied

if u are getting a dba then i take it you are going to be just doing a sole prop dba? if thats the case, its not gonna make a difference. u can use your personal ssn.

for liability purposes, i say close in your name and then deed it to an LLC. it will also be easier for you during tax time.

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