Should i put llc in my logo12/9/2023 To conduct business under a trade name, register your trade name with the Secretary of State's office in your state. Registering a trade name is a relatively simple process. This is a common practice among sole proprietors that don't want to use their legal name, but limited liability companies, partnerships, and corporations frequently use trade names as well.ĭifference Between Business Name and Trade Name How Do I Register a Trade Name? Your DBA can also be something entirely different than your legal business name. The trade name (name on its website and advertisements) is just Walmart, but the legal name is Wal-Mart Inc. The trade name it uses and advertises is simply, Amazon. Normally, businesses use the name of the business, but drop the "LLC" or "Inc."įor example, the legal business name of the company that owns is Amazon Technologies, Inc. Instead of operating under the full legal name, a business can operate under a different name or an abbreviated name.Ī trade name is what you use when you advertise your business, and what your customers commonly refer to your business as. It's essentially a pseudonym, or nickname, for a business. What is a Trade Name?Ī trade name is commonly referred to as a fictitious name or DBA (doing business as) name. You and your business are considered one, in the eyes of the law and the IRS, so if your name is Jane Doe, your legal business name is Jane Doe. It is the name the IRS uses when issuing an Employer Identification Number (EIN), the name that will appear on your tax returns, and the name that should be used on other formal documentation.įor sole proprietors, your business name will automatically be your legal name. The business name is also called the formal name. If you have a corporation, it's the name on the Articles of Incorporation. If you have an LLC, the business name is the name recorded on the Articles of Organization. Your business's legal name is the name on the paperwork you filed when you registered your business. In this article, we explain the difference between a business name and a trade name, the pros and cons of using a trade name, and how to register for one. Did you know that you can use different business names? You can operate under your legal business name or use a trade name. One of the most important steps you take when starting a business is deciding on the name of your business.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |