The simplest legal structure for any business.
The business is not legally separated from you — the owner. (By default, the legal business name is the same as your legal name).
Establishing a business name separate from your own is possible by creating a “doing business as” (DBA) name.
Click Here for Santa Barbara County Information.
Most states require DBAs to be registered with the county clerk or Secretary of State.
Owner can take cash withdrawals from the business at will.
Owner is required to make quarterly estimated tax payments.
Establishing a sole proprietorship may be as simple as opening a bank account for the business.
Some states and municipalities may require obtaining a license or permit.
Paul Mocker, CPA
6599 Camino Venturoso
Goleta, CA 93117
(206) 328-6794 Tel
(805) 856-1567 Fax
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