What is the registered name of a business?
A registered business name allows a business to trade as something other than its legal name. When a business is registered it has a legal name under which it can trade.
Is business name and registered name the same?
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.
Does your business name need to be registered?
You need to register a business name if you conduct business under a name other than your own. A business name, also known as a trading name, is a name or title under which a person, or other legal entity, carries on business. When you register a business name, you register it nationally.
How can I make my business name official?
If you want to trademark your business, brand or product name, file with the United States Patent and Trademark office once you’ve formed your business. If you want tax-exempt status for a nonprofit corporation, register your business as a tax-exempt entity with the IRS.
How do you know if a name is taken for a business?
In most states, the website of the state business filing agency includes an online entity name check tool. You can use the online tool to search business names and find out whether another business is already using the name you have chosen.
Can a business name be different from company name?
A company name distinguishes one company from other companies. Sometimes, a brand name and the company name can overlap in case of famous brands like Sony, Nike or Shell, when the company realizes that one name is suitable to be the identity of all its products.
What is the benefit of registering a business name?
The company has the advantage of knowing that their business name is protected from competitive usage within their State territory. Registering with the State, also gives companies legal liability protection. If business is incorporated, no one can legally go after business owner’s personal assets.
Why should I register my business?
Registering your business establishes it as a legal entity, which offers the following benefits: you have limited personal liability, you may receive certain tax benefits, it is easier to receive loans and capital, and you create a brand that can build a professional relationship with customers.
How do I register my shop name?
The following documents will be required in soft copy format for proceeding to further steps.
- Duly filled Registration form-A which requires name of establishment, details of partners involved(if any) etc.
- ID proof of every partner/proprietor involved.
- Memorandum of association and articles of association.
How do you register a trade name?
Registering Your Name with a State Contact your state’s secretary of state office. When you’re ready to register your trade name you will do so through the office of your state’s secretary of state. Confirm that your chosen name is available. Your trade name must be unique. Complete a business name application.
What is a fictitious business name?
A fictitious business name or “doing business as,” also known as a DBA, gives business owners an inexpensive method of gaining the legal right to operate in a name other than their own. It protects the public, and it extends legal protections and privileges to business owners.
What is a trade name for a business?
A trade name is a name the business uses for advertising and trade purposes, with clients, vendors, customers, and the public. Its trade name is the name the general public sees, on signs, on the website, on advertisements. The business trade name may be different from the registered name.
What is a trade name registration form?
Trade Name Registration Form. A Trade name registration form help a business register a unique name for itself among the presence of other business names in the market. It is this name with which a company is allowed to undertake business activities and dealings with others in its official name.