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What does trade name mean for a business

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What is an example of a trade name?

A trade name is generally considered the name a business uses for advertising and sales purposes. A trade name is sometimes referred to as a “fictitious” or “doing business as (DBA)” title. For example, “McDonald’s” may be the trade name, but the legal name is “McDonald’s Corporation.” A trademark is a brand name.

Does every business have a trade name?

Typically, a business will have both a legal business name as well as a trade name. The legal one, as mentioned, appears on legal documents and government forms. On the other hand, a trade name generally appears on advertisements and signs.

What is the difference between a trading name and a business name?

A ‘trading name’ refers to an unregistered name that businesses could use before the introduction of the National Business Names Register on 28 May 2012. A trading name is not a registered business name. If you wish to continue using a trading name, you need to register it as a business name.

How do you create a trade name?

How to Register a Trademark for a Company Name

  1. To register a trademark, go to the U.S. Patent and Trademark Office’s Web site, www.uspto.gov.
  2. Don’t add a domain extension to your trademark to prevent others from registering the same name by adding another extension.

Can two businesses have the same name?

The name of a company is not necessarily a trademark, so you are conflating two different concepts: A company name is the legal identity of the company, like your name is for you. … In general, within the same jurisdiction, you cannot have two company names that are the same.

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How do I create a unique business name?

  1. Use acronyms. A lot of major companies use acronyms instead of their full names – it’s easier to remember. …
  2. Create mash-ups. …
  3. Draw inspiration from mythology and literature. …
  4. Use foreign words. …
  5. Use your own name. …
  6. Take a look at a map. …
  7. Mix things up. …
  8. Partner with another company.

What is a trade name for a small business?

A trade name is the official name under which an individual as a sole proprietor or a company chooses to do business. A trade name is commonly known as a doing business as (DBA) name.

Can I use the word company in my business name?

Most states will not allow a business to:

Use a word that implies a company is a government entity (e.g., Federal, United States, etc.). Use a business name that misleads the public to believe the company provides something it does not.

How do I choose a name for my business?

How to choose a name for your business

  1. Be descriptive but not too general or vague. Don’t choose a name that is too vague or too meaningful. …
  2. Use related words in a creative way. …
  3. Keep it simple. …
  4. Don’t copy your competitors. …
  5. Avoid using your own name. …
  6. Choose a name that’s scalable. …
  7. Make sure you have a related domain.

What are examples of trading business?

Trading businesses may include two different types of sellers, including retailers, who sell inventory to the general public, and wholesalers, who sell merchandise to other businesses at a reduced rate. In turn, that business, typically a retailer, makes those goods available to the public.

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How does a trading name work?

A trading name is the name (or names) used by a person, partnership or company for carrying out business, which is not the same as their own name or official registered name. A business may use as many trading names as it requires, but these cannot be registered as official names of the company.

How important is a business name?

Not only business names give identity to the business itself but it creates a new segment of value for the customers. People can identify the products offered by your company easily because of the good business name. It gives them another vibe to remember your brand name, especially for its unique and amazing products.

What is the first step to starting a business?

  1. Conduct market research. Market research will tell you if there’s an opportunity to turn your idea into a successful business. …
  2. Write your business plan. …
  3. Fund your business. …
  4. Pick your business location. …
  5. Choose a business structure. …
  6. Choose your business name. …
  7. Register your business. …
  8. Get federal and state tax IDs.

Should I copyright my business name?

If you are using your business name as your trademark, you can also register your business name as a trademark. Registering your trademark will give you exclusive rights to it in Canada for at least 15 years (you can renew it indefinitely as long as it is still being used).

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