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Definition of Company Name, Trade Name, and DBA
- A company name is the actual name of the business.
- A trade name or DBA is a way of doing business under a name filed in a state or county.
- A DBA acts as an alias used by entities for versatility.
Benefits and Registration of Trade Names
- A trade name offers advantages to a small business owner.
- It can aid in sales and marketing to attract more customers.
- To register a trade name, businesses must file paperwork with their local government.
Understanding Trade Name and DBA
- A trade name is what a business uses to identify itself.
- Other terms are "fictitious name" and "DBA."
- A trade name is usually registered with the county where the business is located.
- For example, if a grocery store chain is called “Super S Stores,” the stores run under a fictitious name.
DBA vs. Trade Name
- DBA stands for “Doing Business As.”
- A DBA is the same as a trade name or fictitious name, an alias not an actual business entity.
- It refers to a company’s trade name used for marketing, sales, and business.
Legal Implications
- A trade name, fictitious name, or DBA is an alternate name under which a business operates.
- A DBA serves as a pseudonym providing versatility.
- A company name is the actual legal name of a business.
Benefits and Registration of DBA
- A DBA can help build brand recognition and customer trust.
- Businesses typically use a DBA for marketing purposes.
- To register a DBA, paperwork must be filed with the local government.
Conclusion
- A company can simultaneously have a legal name and trade name.
- A trade name benefits small businesses, aiding in sales and marketing to attract more customers.
- A business should register any trade names it uses.