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DBA For Business In Randleman NC Other DBA




Required Registrations for Other.




A(n) Other Business Tax Registration
(Business License)

Also callled an occupational license,or business permit.)

A Federal Tax ID
(EIN)
(You can use it as a sole owner to open a bank account instead of using your SS#. Employers, Independent Contractors, LLCs, Partnerships, and Corporations are required to obtain it.)

Get Other Licenses




Here's How to Set Up and Get an LLC, DBA, Licenses & Tax IDs


NC | 409481 | Tuesday, July 12, 2022
DBA For Business In Randleman NC? Hi my name is MacRobert sh g. I am registering my Other, the business name is Pep Faith Designs By J & M Si Mar Nexas and I reside in Randleman, NC.
What are the requirements for Other   legal registration? I'm wondering what licensing do I need for Other. I'm wanting to because I am planning to open my own business Other thus I was wondering DBA For Business In Randleman NC? Must a   Other in Randleman, North Carolina have to reflect on perhaps an LLC Formation Permits and Tax IDs Required To Start my Own New Business 27317, :
Most Likely will Hire employees Other in Randleman,   Randolph County, North Carolina Registering a business in Randleman?

All   Other business ( including home mobile and online business and regardless of the type of business) need to get a(n) in Randleman businesses, MUST Obtain a(n) Business License Business tax registration.
I am a creative designer of different crafts such as wreaths, flowers, and glass product, I will be renting out wedding items and will purchase different items for the store for home decorating. I will also be setting up a website and selling online.

Other
It’s a small antiques and collectibles store I buy and auctions and what have you and sell it in my store well I want to eBay I’m not I’m not good at that so at this time no I just want to tax ID number and what else do I need
27317. Randolph County DBA For Business In Randleman NC new small business. Where to get Randleman Online Home Based how to get a Business Tax Registration or Home Occupation Permit Is my own home business subject to self employement tax? Where to get Randleman business license requirements. Do new small businesses operating from home online need North Carolina 27317 a business license? If so what is the business license cost? Other

Where Do I Obtain a(n) NC tax ID number Tax IDs DBA LLC or Corporation to Start a Business for : starting my own NC Other home business online. Randleman, Randolph County  , NC 27317 .
Other  

  Other
If you are a partnership means you are a business entity with multiple owners and thus you will need a dba and a federal ID.
You need a sellers permit because your service includes parts and or materials you need to use to provide your service which are taxable.
Any businesses that sell prepared food need a sellers license.



If you are a professional such as an architect or doctor you also need a professional license from the state.










You can choose to be a(n) Other :

  • Sole Proprietor,
  • LLC,
  • Corporation or
  • Partnership.
    After you decide and select your business entity, you need licensing.



Randleman Business Tax Registration ( Business License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.



A(n) Other business doing business under an assumed business name in Randolph County i.e. you are a business that uses a DBA doing business as trade name to trade that is other than the full legal (first and last -- full name) name of a sole proprietor or a name other than the LLC or Corporation business name need a(n) assumed business name certificate.   E.g. you venture into a(n) Other business and you give it a trade name such as "Excellence Other & Associates". You will need to register an assumed business name certificate.

In addition note that in North Carolina you may also need a seller's permit if you sell merchandise that is taxable.  (A.K.A state id, wholesale, resale, reseller certificate, about $39 for most states).
Seller's Permit



Note: All businesses need a federal tax ID number except sole proprietors that are not employers and are not independent contractors.
An independent contractor is a self employed business person that receives more than $600 per year from anyone of his or her clients.
IRS rule: The client must issue a 1099 form to the independent contractor and the independent contractor must have a federal tax ID. However, even sole owners may obtain a federal ID and use it as a business tax ID instead of using their own social security number as a business tax ID number.
However, all other licenses that apply to sole proprietors as discussed here are requited regardless of getting a federal tax ID number.


In addition you will need a federal and a state EIN if you will hire employees. I.e., a NC Federal Tax Id Number ($29)  and a(n) NC  State Employer Tax Number  


Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in Randleman, Incorporate in NC  or form a(n) NC LLC


Filing a DBA is not required if you will set up an LLC or form a Corporation. There is a cicrcumstance that you may not need to register a trade name and that is when you use your full name as a business name if you use your full legal name as a trade name.
Also note that even using your first and last name may not help you avoid filing a DBA if the name has a suffix such as "& sons" etc.



If you do form an   llc or incorporate (about $49 plus state fees for most states) your Other business instead of just filing a fictitious business name (dba), that insurs that you don't have personal liability for debts and civile liabililty arising from your business dealings and you will not have to record the Randleman business name. Instead of just registering your Randolph County assumed business name (our fee includes assumed business name registration and legal newspaper publication) you can choose to setup a corporation in North Carolina or form an NC LLC (starts @ $49 plus state fee for most states & includes bylaws for the corporation and Limited Liability operating agreement for the LLC that is required to open a business bank account). .

About Your Business Type

Other



Here is What You Need...

What Legal Registrations Do I Need To Start a Business?
If you are starting an enterprise having 499 employees or less, you will be a small business owner and in the company 29 million small businesses of which 19 million are self employed. If you are a home based business, you will be among the 52% of all small businesses.


Yes, a whooping 52% start a home business so you have to consider more than planning ahead, finding a location ( could be your home as a business location) and getting the equipment and or inventory that you need to begin selling your merchandise or services. Starting a small employer or self employed business absolutely requires certain legal steps such as selecting the business legal structure and the licenses and tax registrations peculiar to your type of business.

Some registrations are standard ( i.e., uniform for all businesses including home, online or for street vendors) such as a general Business License that is required by all businesses in addition to other specific licenses and tax registrations that your particular type of business needs. If you are planning to start a business without employees, there are about 23 million such businesses in the U.S. and 81/% of these non-employer report less than $50,000 thousand per year in gross receipts. Here is a break down of what legal registrations you need:

Legal Business Structure
A small business is a very important venture considering they create 64% of all new jobs and about 600,000 new such businesses start each month (or 2.2 million new start-ups per year) in the U.S. and more than 51% of all employees are small business employees. So you have to make it a legal entity. The government wants you to select a legal structure so you can be taxed accordingly.

For example, a sole proprietorship is taxed differently from a limited liability company. Thus, starting a business requires the selection of one of several structures but the most common are the following:

1. Sole Proprietorship,
2. Limited Liability Company
3. Corporation ( C, S, or Nonprofit)
4. Partnership ( General and Limited)

If you are starting a self employed business as most business are starting from home and or onlinie, you might want to know that 19.3 million nonemployer businesses are sole proprietorships, 1.3 million are partnerships and 1.8 million are corporations or LLCs. If you have questions about what structure to select, you may want to educate yourself by reading this article about which one is the best for your situation.
EXAMPLE:
Marie and Juana wanted to start a marijuana business because of the two names composing the marijuana name but instead of being high decided to be law abiding and rolled the joint into a business online from home selling regular merchandise paraphernalia such as babies clothing and toys as well as seks ( x omitted for obvious reasons) toys from their website as well as on ebay and amazon, or etsy. Marie and Juana will have to select a legal structure first because all other tax and licenses registrations will be filed under that structure.

Marie and Juana can start as a general partnership, a limited partnership, an LLC or a corporation. The general partnership requires a business name registration ( AKA DBA Doing Business As filing).

So, general partnerships need at least a federal tax ID number, a Business License, and an assumed business name registration also called a fictitious business name or DBA even if the business name is the personal name of one of the partners, such as "Jones, and Associates". The DBA filing is a certificate that must be recorded and the main information in it is the business name, the owners name, and their addresses.
However, if the partnership files a limited liability company or incorporates, the name does not have to be registered. On the other hand, the small business is a sole proprietor, it does need to file a business name registration only if the business name is different from the full owner's legal name.
For example, if the owner's legal name is "Juana J. Jones," and does business with that name without any other trade name, e.g., "Juana's, Boutique," she does not have to file a DBA but "Jane's Boutique," requires a DBA registration. Despite that, Juana could file an LLC or form a Corporation and she would not have to file a DBA.

I am making home decor items to sell at craft shows and festivals. Would like to open an Etsy store and possible eBay store as well.

Yes I don't know if youre able to tell me what I need to obtain a boutique in roscoe il sell wholesale clothing and homemade home decor Was wondering how much will it cost to get my DBA for my business.

I am a full service wedding venue for parties as well When you book your party or wedding with me you rent the decor I set up everything for you I provide your catering I applied for reSellers Permit and never heard back from you? i have everything but the Sellers Permit I applied for with u.



Here is What You Need...



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Here is What You Need...

 Let's dive into the exciting world of business structures.

It's not just reserved for the most boring people in the room anymore. It's as exhilarating as watching an action-packed Marvel movie!

Today, we're talking about the age-old question:

LLC or S Corp?

Don't worry, this isn't as complicated as trying to figure out the ending of a M. Night Shyamalan film. Let's make it simple.

First things first, nobody wants to pay more taxes than they need to. That's like willingly choosing to watch a rom-com instead of an action movie. To avoid the dreaded double taxation, most people go for an LLC or S Corp.

If you choose an LLC, you'll be taxed like a sole proprietor or partnership, which means all the business profits will be reported on your personal tax return. If you go for an S Corp, it's like being part of a secret society. You can pass the income, losses, deductions, and credits to shareholders, thus avoiding double taxation.

Now, let's talk about the four main differences between an LLC and an S Corp.

Corporate Formalities: An S Corp is like that uptight friend who always shows up on time, organized to the teeth, and prepared for anything. If you choose an S Corp, you'll need to file annual statements, hold shareholder meetings, and keep track of meeting minutes.

On the other hand, an LLC is like that chill friend who's always down for a good time, no matter what. With an LLC, you won't have to worry about annual statements, board of directors, or member meetings.

Owner and Shareholder Issues: An LLC is like the United Nations of business structures. You can have as many member owners as you want, even foreign members. However, an S Corp is like a small town. It can only have up to 100 shareholders, and they must all be either US citizens or permanent residents.

Shares, Percentage of Ownership, and Owner Liability: Let's say you and your business partner George open an online boutique, and you each own 50% of the business. As time goes by, George focuses on marketing, while you handle the day-to-day operations. When it's time to divvy up the profits, things can get complicated.

With an LLC, you can allocate profits and losses based on each member's percentage of ownership. But with an S Corp, it's based on the number of shares each shareholder owns, which can cause problems if the shareholders have different ideas about how to divide the profits.

Income and Loss Pass-Through: Both LLCs and S Corps allow you to write off most losses as personal losses. But if you're into real estate investments, an LLC has an advantage over an S Corp because you can add the amount of the LLC mortgage to your basis for computing a personal loss.

So, which one is right for you? It's like choosing between a suit or a Hawaiian shirt. An S Corp is like a suit. It's formal, strict, but offers greater tax benefits. An LLC is like a Hawaiian shirt. It's laid back, flexible, but offers fewer tax benefits. It's up to you to decide which one fits your style. Just remember, it's not as complicated as decoding the plot of a David Lynch movie.

Should My Company be an LLC, an S-Corp, or Both?

LLC vs. S Corp: Which Is Right for Your Startup?

Selecting the right business structure can be a difficult project when starting your own small new business. Most small business advisers will tell you that a traditional C Corporation results in higher tax payments because of double taxation. However, if it's not a C Corporation, then what?

The LLC (limited liability company) and S Corporation are the latest most sought after business structures if you want to avoid double taxation. For example, with an LLC, you are taxed as a sole proprietor or partnership. This means that all company profits are "passed through" and reported on your personal income tax return of the shareholders or, in the case of an LLC, the LLC members.

However, the truth is that both the LLC and S Corp will afford legal protections such as separation of your personal assets from any judgment legal actions vs your company (whether from an disgruntled customer, debt owned to a supplier, or anyone else who has filed a legal action against your LLC or corporation).

Even though an LLC and an S corporation are similar, in some cases, they are very different. Of course, every small business is different and surely, you, as an individual may be out of the normal range, however, the following facts may help you decide what is different between these entities.

1. Keeping up with Corporate Formalities

Since an S Corporation is a Corporation, it naturally involves legal compliance, and corporate formalities such as filing a statement of the officers annually. 


The four main things you will have to do as an S Corporation are: 

1. You need to select a board of directors, 

2. File annual statements, 

3. Hold shareholder’s meetings, and 

4. Keep records of your meeting minutes. 


An LLC on the other hand uses an LLC operating agreement and in most states you do not need to file annual statement and or select board of directors nor keep annual LLC member meetings or keep LLC records of your meetings.

The meaning of this is that if you choose to set up an LLC, it will give you less corporate formality work to do each year while you will have the corporate protection as a corporation gives you.

2. Owner and Shareholders Issues

While an LLC has no restrictions whatsoever on the number of LLC member owners, the S Corporation cannot have more than 100 shareholders, who all must be either U.S. citizens or permanent residents. In addition, an S Corporation can only have individual natural persons as shareholders. The owner shareholders cannot be other corporate entities, such as an S Corporation or an LLC.

The implication is that if you file an LLC, you will be able to have foreigners as members and have as many LLC members as you want, as well as have corporation or other LLCs as LLC members.

3. Shares, Percentage of Ownership, and Owner Liability


In an LLC, you can execute an LLC agreement where the ownership, income or loss is attributed to each member based on the percentage of ownership of the member. On the other hand, an S Corp requires that that is based on the amount of shares each shareholder owner owns.

The importance of this is in the administration and allocation of profits and losses. For example, George and Susan open an online business, each owning 50% of the boutique. As time goes by, George focuses on marketing and other tasks, while Susan takes care of the day to day business operations. 

The boutique becomes a big hit, and they make a lot of money. Naturally, they want to take it out of the business and pocket it. However, Susan thinks that because she takes care of most of the online business work, she should keep most of the profits and throw a bone to George (a 50% owner) such as 30% of the profits and Susan will keep 70%.

Contention will arise in a situation such as the above. The solution is to set up an LLC and draft a flexible LLC agreement that outlines the rights, duties, percentage of profits allocated to each member and other details peculiar to the boutique so misunderstandings arise. So, if Susan thinks she contributes more and is entitled to more, she should agree and include it in the LLC agreement provided George agrees. With such a set-up with all details written down, there will be no disagreements.

In contrast, with an S Corp, you will have to split the income 50% - 50% if you have 50% of the shares of the S corporation. If you spit the income in any other way, with an S Corp, you still have to pay 50% share in income taxes of the 50% of the S Corporation's profits. That is, even if you just got only 30% of the profits.

So, if you want to be more flexible in allocating rights, duties, and profits, get an LLC instead of an S Corporation.

4. How does Income and Loss Pass-Through to Members or Shareholders

With LLCs and S Corporations, you can write off most losses as personal losses. If you are into real estate investments, an LLC has another advantage over the S Corp in that you can add the amount of the LLC mortgage to your basis for the purpose of computing a personal loss that is actually the loss of the LLC.

The implication is that even if the LLC cannot write off the loss because of high profits, you can write it off as your personal loss and save tons of money. Thus, if you have been in real estate investments, an LLC will provide more write-offs than an S Corp.

5. Voting Power, Preferred, and Common Class of Stock

In a C Corporation, you can have many different classes of stock, such as common or preferred. With an S Corporation, you can only have one class of stock, though you can have voting and non-voting shares. An LLC has something called different membership classes that you can include in the LLC agreement to avoid the "S" Corp. limitation of only one class of stock. A preferred stock entitles the holder to a fixed dividend, whose payment takes priority over that of common-stock dividends

As a result, with an S Corp, you cannot have both common and preferred stock. Thus, if you prefer to have preferred stock as described above, form an LLC as opposed to an S Corp.

6. Phantom Income and Reinvesting Profits in The Corporate Entity

Since individual owners of an S Corporation or LLC are liable for any taxes owed on the profits of the LLC or S Corp, whether the money stays in the LLC bank account or in your own personal bank account, you will still have to pay personal income tax on the profits of the LLC or S Corp.

For instance, John is an LLC member owning 25% of an S Corporation or LLC and that pass-through corporate entity has an annual profit of $100,000, John will need to report $25,000 in income in his personal tax return even if the income stays with the LLC. This is called the ghost of "phantom income" especially when you do not take that income and deposit it to your bank account, but it is retained as profits in the LLC or S Corporation bank account or other investment account.

The implication is that if you project that your company will be making and retaining more than $50,000 per year and thus pay yourself less income or dividends and leave the rest of the profits in the LLC or S Corp bank account, you may prefer to set up a "C" Corporation. With a C Corporation, you can leave the profit that you do not want to allocate as dividends or income to the shareholders in the C Corporation. Then, the C Corporation will pay income tax on the earnings retained only once and of course, you will not have to be liable for personal income tax retained by the corporation. However, most small business corporations or LLCs will not have to form a C corporation because you can expense and write off most of the profits. This is because, as discussed above, you can claim LLC losses on your own personal income tax return, in which case, it will lower your personal income tax liability.

7. Changing from S to C Corp

Some states will not allow you to change, but most will allow you to change from S to C. It may be more difficult to change from C to S corporation. For example, if you want to change from S to C, simply leave unchecked the S election and click on C on your tax return form. The other way around may be difficult in that you will have to file additional forms. In addition, if you are planning to involve any investors other than shareholders, such as venture firms, you may want to start as a C Corporation because that is the preferred legal structure among venture capital firms.

Of course, ultimately, your particular circumstances will dictate the legal structure you will choose. For example, if your business is subject to lawsuits, as a restaurant might be (e.g., food poisoning, slip and fall suits etc.) or an office environment (sexual harassment etc.) you may definitely want to incorporate or form an LLC. In addition, some states will charge you a flat annual tax fee, some as much as $800 annually (like in California), whether you're an LLC or corporation that makes any money at all. Other states, such as Texas, may charge you a high fee to file a corporation (about $300 to $400) so all these things should be taken into consideration before choosing a legal structure for your business.


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Since your service includes parts you will need a sellers license to buy the without paying taxes and include them in the invoice with sales tax charged separately from your service.   There is no better way to keep track of your busienss expenses than a business debit or credit card. Note that if you use a trade name, you will need to register a DBA before the bank will open a business bank account.       Remember that even if a business name is your domain name, it must be registered with a fictitious business name. Today, all business need a website that has their information and contacts. If your clients will buy your services or products online, you will eventually have to set up a shopping cart either integrated with your website or separately.   Business cards may help you generate more business.
Other Permit Licenses & Tax IDs You Need To Start Your Own Business Randleman Business License 27317 Other Business Plan Template North Carolina Business License Other Randolph County DBA Fictitious Business Name



You can start your RANDLEMAN business with just $5644 or $513012 that depends on your budget. Starting your business in
  LEVEL CROSS RANDOLPH RANDLEMAN, 27317 calls for some numbers: it has about 14198
residents, though only about 5917 families in this zip code area of the state of North Carolina.
In addition, consider getting a(n) 336 telephone area code to increase reachability and
and identifiability. Nevertheless, you will need a place to set up your business
and a place to stay or you can also buy a house (about $82900 avergage value) , which
you can use as a home based business as well. Your physical address in RANDLEMAN will be
your business address. For Instance, your business address could be 5855 RANDLEMAN Hwy/Blvd or 55TH Street/Ave or
RANDLEMAN, North Carolina 27317. You can use a 27317 P.O. Box address as your as
your business mailing address. E.g. P.O Box 27417 RANDLEMAN,North Carolina 27317
. At any rate, in 787 area you have to consider the demographics before
starting any type of business. Briefly, there are about 13012, caucasians,
740 latinos, and 644 African Americans in the 27317 zipcode area. Another consideration
is targeting your prospects income level to advertise for your new business. Each family here makes
about $36571 per family and has about 2.59 persons per household. Considering weather conditions, take note
that the elevation is 855 feet, and you are in 5 time zone.
For example, you are reading this on 12/25/2024 4:11:41 AM CST.





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LLC (Limited Liability Company) FAQs:


Q: Would an LLC be better than filing a fictitious business name?

A: If you desire more business prestige for market presence you may want to set up an LLC. E.g. the fictitious business name (DBA) is . deas XYZtch Faith Designs By J & MCo. this name as well as any other name is an assumed business name and it must be recorded as a DBA Doing Business As name which also requires a fee to be recorded.

Just recording an assumed business name does nothing to keep the name exclusive nor does it avoid personal liability for the business owners. Only setting up a limited liability company (LLC) will protect the name at the state level and also protect the owners of personal liability. It is perhaps a better choice to just incorporate for the same or a little higher fee because you will also have corporate protection for the business name and personal vs business liabilities.

E.g. if your business has debts the lender can sue you personally to obtain a judgment vs your personal assets as opposed in the case you were a corporation where the lender could only sue the corporation directly and if the limited liability company (LLC) had no assets the lender could get nothing.

Note that once you incorporate no one can register the limited liability company (LLC) name at the state level.

Q: Can I apply by phone and set up a limited liability company (LLC)?.
A: You can apply by phone but the best way is to just fill out our online limited liability company (LLC) form.

Q: Does an LLC without employees need a tax ID number?
A: An LLC without employees may not need a tax ID number but an LLC with more than one owner does need one. In addition if the LLC is engaged in selling taxable items such as clothing it will need a sales state tax ID number in addition to any other tax ID.

Q: What if I an an out of state business? Do I still need to register and obtain a limited liability company (LLC)?
A: Unless you have a location in the state you sell it is not required to form an LLC there.

Q: If I order a limited liability company (LLC) online how long will it take before I receive it?
A: Normally we will have to wait for a corporate certificate if you are a corporation othewise we normally obtain it on the same day you order it.

Q: Do I need to obtain a federal or state tax ID number before forming a limited liability company (LLC) or getting other licenses?
A:

Q: What are the benefits of havin a DUNS number?
A: You can use it to your benefit by providing favorable business information to make it more likely to get a loan from a lender bank.

Q: Do I need to pay sales tax to the state as an LLC?
A: Paying sales tax depends on your state. For example in Oregon you dont need to pay sales tax but you still need a resale certificate to buy from other states wholesale products.

Hesston Angalea Friday, September 27, 2019 11:42:00 PM .
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It’s a small antiques and collectibles store I buy and auctions and what have you and sell it in my store well I want to eBay I’m not I’m not good at that so at this time no I just want to tax ID number and what else do I need
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expressdba registers,files and pays for filing fees and also provides information and filing legal forms and ways to help you file documents or register your business as self-help services and as ordered by you but is not affiliated with the federal,irs,state or local government agencies nor a law firm or cpa firm. expressdba is a private filing agency providing Business registration services business license tax id llc incorporation local federal statefederal sellers permit or resale licensedba filing These agencies may or may not charge you to file these documents but expressdba charges a fee to help you register your business. expressdba is not a law firm or a substitute for an attorney or law firm.

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