Are you in the process of forming your own company and need to know the difference between an Inc., LLC and DBA? We The People, the trusted name in legal documentation for 25 years, will walk you through the process of forming your own legitimate business. This knowledgeable staff helps aspiring businesses fill out appropriate legal documents efficiently and securely, ensuring that your business can grow properly.

Here is what any entrepreneur should know about these three different terms:

• LLC (Limited Liability Company) is the most popular entity type and is a mixture of partnerships and corporate structures, making it a flexible form of enterprise. The members of the LLC are protected from some or all of the liability of debts affecting the company, and transfer of ownership can be easily done.
• DBA (Doing Business As) refers to when the trade name that the business operates under is not the legal name of the person doing business. This occurs when the desired name could not be registered or because the business is owned by another company, restricting the use of the desired name. In many US jurisdictions an individual may be required to file a DBA statement to protect consumers.
• Incorporated company, or corporation, is a separate legal entity that has legal rights and liabilities separate from employees, shareholders, and members. The law treats corporations as humans and many have the same rights and responsibilities. Shareholders elect a Board of Directors to manage the corporation.

To find out more information about creating your own business, visit We The People and call (212) 633-2200. They are happy to answer any questions regarding a wide variety of other legal issues, including bankruptcy, divorce, passport services, power of attorney, and more.