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A: If you want more business credibility in the business market, you may want to form an LLC instead of a DBA. 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. 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.

Also, consider the prestige that a limited liability company (LLC) affords. A: Even if you are just one person owner, you can form an LLC (Limited Liabiliity Company). A: Yes, you will need an EIN for your LLC to do your LLC taxes and open an LLC bank account. Do I still need to register and obtain a limited liability company (LLC)?

A: Yes, actually, only an LLC can help you protect the LLC from its creditors especially if you have another partner member owner in that LLC.

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: Start by applying for a line of credit for your LLC from your bank if you already have some personal credit.

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Independent cotnractors need a business license as well as a federal tax id number especially when working for companies.