Question: What Is Difference Between Trade Name And Business Legal Name?

What is the difference between trade name and business name?

The business name is the legal name of the entity.

Owners often register a trade name under which to operate their business.

For example, John Smith owns a small business with a trade name (or DBA – “doing business as”) Smith’s Accounting Services..

It is important to note that trade names can also be a bit of a hybrid with a trademark – they are an identifying name used by a legal person (or more than one person) that is not its (or their) full legal name. The same trade name, for some purposes, may also be used as trademarks.

What is a trade name for a small business?

A trade name is the official name under which an individual as a sole proprietor or a company chooses to do business. A trade name is commonly known as a doing business as (DBA) name.

What is a trade name example?

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.

Do I need a trade name for my LLC?

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.