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What is my trade name

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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.”

What is the difference between a legal business name and a trade name?

In a nutshell: A registered or legal name is your business tax ID number, used by federal and state taxing agencies, banks, and for other legal purposes. A trade name is used for advertising or trade purposes.

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.

Is trading name the same as business name?

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.

What do you mean by 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.

Why do you need 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.

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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.

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 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.

How do I choose a name for my business?

Here are 12 helpful suggestions on how to come up with a winning name for your business:

  1. Avoid hard-to-spell names. …
  2. Don’t pick a name that could be limiting as your business grows. …
  3. Conduct a thorough Internet search. …
  4. Get the .com domain name. …
  5. Use a name that conveys some meaning. …
  6. Conduct a trademark search.

What is the trading name of a business?

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.

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What is business legal name?

What’s a legal name? A legal name is the name of the entity that appears on all official documents or legal papers. It can be different to your business name. If you’re a company, it will be your full company name including proprietary limited (PTY LTD or any variation). For example, the legal name ABC Pty Ltd.

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