What is the difference between trade name and business name?
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. Businesses may use their trade or DBA name for marketing and sales purposes instead of their legal business name to help draw in more customers.
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.” A trademark is a brand name .
How do you use 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.
How do you create a trade name?
How to Register a Trademark for a Company Name To register a trademark, go to the U.S. Patent and Trademark Office’s Web site, www.uspto.gov. Don’t add a domain extension to your trademark to prevent others from registering the same name by adding another extension.
How much is a trade name?
If you operate as a sole proprietorship or partnership, you can register your business name as a trade name, also known as a fictitious business name, a “doing business as” name, or a DBA. In some states, you can register your name statewide by filing a form and paying a fee that typically ranges from $50 –$150.
Does an LLC need a trade name?
LLCs are not required to have a trade name . However, many choose to use one. A trade name is also known as a fictitious name or DBA (doing business as). This name is the one the company does business under if it does not use its actual or “legal” name .
Can I use a trading name?
A trading name is the name (or names ) used by a person, partnership or company for carrying out business, which is not the same as their own name or official registered name . A business may use as many trading names as it requires, but these cannot be registered as official names of the company .
How do I create a unique business name?
Use acronyms. A lot of major companies use acronyms instead of their full names – it’s easier to remember. Create mash-ups. Draw inspiration from mythology and literature. Use foreign words. Use your own name . Take a look at a map. Mix things up. Partner with another company.
What does a trading name mean?
A trading as name is a name chosen by a business that is different from their registered company name . Unlike the. registered company name , the trading as name , or trading style as it is sometimes known, is never officially. registered with Companies House.
Do I need to register a trading name?
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.
Can a company trade as another name?
It is possible to officially register a company name at Companies House, but then use one or more ‘ trading names ‘ as required by yourself or your organisation. Some companies trade under different names , with the name registered at Companies House belonging to the original company .
What is the difference between a trade name and an LLC?
The LLC name , or legal name , is the official name of the entity that is used to sign documents, file tax returns, file lawsuits, or to submit a loan application with a bank. On the other hand, a business name , or trade name , is the name the public uses to identify your business.
How long does a trade name last?
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 : Avoid hard-to-spell names . Don’t pick a name that could be limiting as your business grows. Conduct a thorough Internet search. Get the .com domain name . Use a name that conveys some meaning. Conduct a trademark search.