Ask a Business Lawyer. Get Business Law Questions Answered ASAP.
Hi and welcome
What they are suggesting makes no sense whatsoever. DBA is a term used by ABC, Inc. that wants to be known as Main Street Cafe. The corporate file says ABC,Inc dba Main Street Cafe, but the customers of the cafe don't know anything about the legal corporate situation that the company is registered with the state as ABC Inc.
What they are suggesting is absurd. You have a company. ABC Inc. (the company of which you are a dealer) is NOT DOING BUSINESS AS THE NAME OF YOUR COMPANY. Your company is your independent company. ABC can't take your company over so there's no issue of your taking it back.
Now if you want to work out some kind of joint venture ....two separate companies; or form a new corporation comprised of the two.....those things are something else and would take a whole discussion of how to set up those other options.
Remember that this is not legal advice. Please refer to the JUST ANSWER disclaimer and rule on this site. It is applicable even though I am a New York attorney and your question may relate to a NY matter. You have to consult with an attorney in your state and discuss this matter with him or her. To find an attorney, go online to Martindale.com. This is a nationwide directory we lawyers use ourselves to find highly qualified legal specialists in various fields of law. These lawyers are NOT in Martindale because they paid to be included. They are there because they are rated as QUALIFIED by other lawyers in their field of expertise and geographic area as it applies to your kind of case. The process is this: other lawyers are asked to fill out questionnaires giving their opinion of the quality of the work of the law firm that ultimately appears in Martindale.The site is organized geographically and by legal specialty. Consult with two or three and select the one you are most comfortable with. The Martindale listing will have the names of current or past clients. Contact those clients as references for the firm.Please press 3 or 4 or 5 below so that I may get credit for assisting you. Please do NOT press 1 or 2 since that will result in a negative rating for me which you may not have intended If you want further information or clarification, just ask before you accept my answer and give a rating. rich