Pro-Advice Employer Identification Number, or EIN service, facilitates the filing or application for your EIN with the IRS/Internal Revenue Service.
Starting a Business in Texas
Deciding on the Business Structure
The business structure you choose will have legal and tax implications. Learn about the different types of business structures and find the one best suited for your business.
A sole proprietorship is the most basic type of business to establish. You alone own the company and are responsible for its assets and liabilities.
An LLC is designed to provide the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership.
People form cooperatives to meet a collective need or to provide a service that benefits all member-owners.
A corporation is more complex and generally suggested for larger, established companies with multiple employees.
There are several different types of partnerships, which depend on the nature of the arrangement and partner responsibility for the business.
An S corporation is similar to a C corporation but you are taxed only on the personal level.
Sole proprietors and partnerships are required to file an Assumed Name Registration with the appropriate county clerk's office(s) in order to operate under a DBA. Sole proprietors and partnerships must file in any county where your business conducts or transacts business
Technically speaking, no. A sole proprietorship is a legal structure (like LLC or Corporation), and a DBA is not. A DBA is a legal requirement to be able to operate your business with a trade name or a pseudonym different from your registered, legal name.