Definition of Doing Business As (DBA):
A DBA allows a business to “do business” under a name that differs from its legal name. A DBA is obtained by making required filings with state or local governmental agencies. A DBA is also commonly referred to as an “assumed name.”
Today’s Question — Friday, July 30
Must I pay all of my employees?
It is not unusual for start-up companies to have limited cash resources. It is also not unusual for entrepreneurs to entice employees to the company by offering stock compensation, instead of cash, until such time as the business can afford to pay regular salaries. However, it is advisable to consult with an employment lawyer in your state of operations to determine if this is permissible under the state’s wage statutes. In most cases, the lawyer will likely advise that each employee be paid an amount equal to applicable minimum wage amounts.
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