Business Trading and Name Registration
Legal entities trade or operate a business under a registered business name. The legal name of a business is required on all government forms and applications. The procedure for registering a business name may differ by business type or state.
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Sole Proprietor
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The legal name of a sole proprietorship is usually the full name of the owner. The owner may also opt to register a fictitious business name or DBA (doing business as) with a government agency if they prefer not to use their personal name.
Partnership
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The legal name of a partnership is usually the last names of each partner or the name given in the partnership agreement.
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Limited Liability Corporation or Corporation
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The business name of a limited liability corporation (LLC) or corporation is usually registered with the state in which the business plans to operate. A corporation or LLC that operates multiple businesses may register a DBA under their business name for each additional business venture.
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References
- Photo Credit Business image by Poirot13 from Fotolia.com
