FICTITIOUS BUSINESS NAME Meaning and
Definition
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A fictitious business name, often referred to as a "trade name" or "DBA" (Doing Business As), is a term used to depict a name under which an individual or entity operates a business that is different from their legal name or the name of their registered business. It is a legal term commonly used in the United States to designate an assumed business name that is distinct from the name of the owner or owners.
Fictitious business names are regularly employed by sole proprietors, partnerships, and corporations to conduct business under an alternative title, creating a separate brand identity for marketing and operational purposes. These names often reflect the nature, products, or services offered by the business, enhancing recognition among consumers and providing a distinctive trading image. It is crucial to note that a fictitious business name does not create a separate legal entity or confer exclusive rights to the registered name.
To safeguard the transparency of commercial transactions and maintain clarity for the public, government entities often require businesses using fictitious names to register the name with the appropriate local or state agency. Registration typically involves completing the necessary paperwork and paying a fee. This process ensures that important information about the business owner is accessible to consumers, creditors, and regulatory authorities.
By utilizing a fictitious business name, entrepreneurs are enabled to establish distinct brand identities while retaining the legal responsibility for their business actions under their personal or registered business name.
Common Misspellings for FICTITIOUS BUSINESS NAME
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