DBAs, LLC, Etc.

[danjfiore]

Similar threads have been posted before regarding this but I feel no single one really tackled this exact issue.

Exactly how should I set up a DBA when going into PreProduction. I don't have any funding yet other than my own money. But I will be asking for contributions and investments. Do I create a single account under a DBA (my production company name) and throw all the investor's contributions into that? Or is there another way of going about it that I'm not thinking of.

Eventually, I would like to create an LLC out of my Production Company for future productions to help my liability and organizing financial issues. Will this effect anything?

Kind of a stupid question, but the business side of things has always kind of confused me.

 

[directorik]

Similar threads have been posted before regarding this but I feel no single one really tackled this exact issue.

Exactly how should I set up a DBA when going into PreProduction.

http://www.business.gov/register/business-name/dba.html is an
excellent resource for this.

I don't have any funding yet other than my own money. But I will be asking for contributions and investments. Do I create a single account under a DBA (my production company name) and throw all the investor's contributions into that? Or is there another way of going about it that I'm not thinking of.

You ARE thinking of another way and that's an LLC. What it will
effect is your personal liability. Not a stupid question at all.

Before soliciting investors make sure you completely understand
the SEC regulations and any State regulations. Asking for contributions
is very different than soliciting investors.