What is considered a trade name?
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.
What is the purpose of a trade name?
A company typically uses a trade name to conduct business using a simpler name rather than using their formal and often lengthier name. Trade names are also used when a preferred name cannot be registered, often because it may already be registered or is too similar to a name that is already registered.
Is dba the same as a trade name?
A business can opt to have their business name and trade name be the same. A trade name may also be called a doing business as (DBA) name. It’s the name the public sees. … If you want to operate under a different name than your legal business name, register a trade name for your company.
What is the difference between a trade name and an LLC?
The LLC name, or legal name, is the official name of the entity that is used to sign documents, file tax returns, file lawsuits, or to submit a loan application with a bank. On the other hand, a business name, or trade name, is the name the public uses to identify your business.
What is a trade name example?
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.
How do you create a trade name?
How to Register a Trademark for a Company Name
- To register a trademark, go to the U.S. Patent and Trademark Office’s Web site, www.uspto.gov.
- Don’t add a domain extension to your trademark to prevent others from registering the same name by adding another extension.
What is a trade name vs brand name?
A trade name is used in the course of business that doesn’t include the full legal name of the business. On the other hand, a brand name is a name given by an organization to a particular product or service.
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.
Can two businesses have the same name?
Because business names are registered on a state-by-state basis, the fact that a company in another state has the same name as yours is usually not a cause for concern. However, you are right in that there could be intellectual property issues (namely, trademark) when two companies have the same name.
What is the point of a DBA?
In the U.S., a DBA lets the public know who the real owner of a business is. The DBA is also called a fictitious business name or assumed business name. It got its origins as a form of consumer protection, so dishonest business owners couldn’t try to avoid legal trouble by operating under a different name.
Is DBA legal name?
When a business operates using a name that is different from the owner’s name or from the legal name of the partnership, LLC, or corporation, it is said to be “doing business as,” or “DBA,” another name. … Not all companies require DBA filings, however.
Can a company trade as another name?
It is possible to officially register a company name at Companies House, but then use one or more ‘trading names’ as required by yourself or your organisation. Some companies trade under different names, with the name registered at Companies House belonging to the original company.
Does an LLC need a trade name?
LLCs are not required to have a trade name. However, many choose to use one. A trade name is also known as a fictitious name or DBA (doing business as). This name is the one the company does business under if it does not use its actual or “legal” name.
Can I use the word company in my business name?
Most states will not allow a business to:
Similarly, a business that is incorporated or an LLC must include “Corporation,” “Incorporated,” “Limited,” or an abbreviation (e.g., Inc., LLC) as part of its name. … Use a word that implies a company is a government entity (e.g., Federal, United States, etc.).