LLC vs. INC vs. CORP. vs. DBA

Discussion in 'Business Operations' started by JCW-G, Nov 26, 2004.

  1. JCW-G

    JCW-G LawnSite Member
    Messages: 48

    Could someone please explane the difference between LLC,INC.,CORP.,DBA? I am just starting on my own and,I'm need to know the pros. and cons. of each. Thanks in advance to all that reply.
  2. MMLawn

    MMLawn LawnSite Gold Member
    Messages: 3,569

    LLC: stands for Limited Liability Corporation

    INC: stands for Incorporated. There are Both Sub-S and Sub-C Corps

    DBA: stands for Doing Business As and is for Sole Prop's Use when not as an INC or LLC

    Corp doesn't really stand for anything as that is just a spin off from the "corporation" part of both LLC and INC that some companies use in their name is all.

    Each of these have their postives and negatives.

    Which one you chose will really depend on your circumstances and what assets you wish to protect or not, how involved and layered you want your business tax wise and how much of a business you really plan on having/running.

    You can find all of the information you should need on your states government website. I would also strongly suggest speaking with at least an accountant before you decide which route to go. I would suggest at least speaking with an atty for his legal opinion on it. The actual filing of the paperwork is simple in itself.
  3. Fantasy Lawns

    Fantasy Lawns LawnSite Bronze Member
    Messages: 1,912

  4. Team Gopher

    Team Gopher LawnSite Platinum Member
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    Messages: 4,040

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