A trade name is a name a company uses for their business however, people confuse what it is and all that reflects around it. So, we\u2019ll be seeing the need for registering a trade name, the search, and trade name registration. <\/p>\n\n\n\n
A trade name is an official name under which a person or company does business. Moreover, it is generally used by a firm to conduct business under a shorter name rather than a formal and frequently lengthy one. Trading names are particularly important to business owners or partnerships, who frequently do not want to use the legal name of their business. which is often their personal name for marketing, daily transactions, or other purposes.<\/p>\n\n\n\n
Trading names are also used when a chosen name cannot be registered, usually because it is already registered or is too similar to an already registered name. In short, customers do business with trade names. <\/p>\n\n\n\n
A trade name is a name by which your company is popularly known or the name under which you advertise or conduct business. A DBA (doing business as) name is another term for a trade name. Walmart is a fantastic illustration of this. Walmart’s formal business name is Wal-Mart Inc., but its trade name is simply Walmart, and that’s what it says in advertisements and on its website, and what most people call it. However, its formal name, which appears on all government documents (corporation filings, taxes, compliance, and so on), is Wal-Mart Inc.<\/p>\n\n\n\n
So, A trading name is usually just the company name with the word “Inc.” removed. So, if your company is registered as Luchy Hair Empire Inc, use that name on your building’s sign, advertisements, and receipts. Your customers are probably only familiar with the name Luchy Hair Empire.<\/p>\n\n\n\n
Having a trade name has some advantages. Firstly, It enables you to legally recognize even when your consumers end up calling your company anyhow, as they are likely to abandon the “LLC” or “Inc.” classification. So, By registering a trading name, you can freely use the trade name <\/a>without fear of misidentifying your firm.<\/p>\n\n\n\n Secondly, A trade name registration also implies that you have a single bank account for both names. So, whether a client writes a check that includes the name “Inc.” or not, you can cash it because the bank has your registration papers for both names.<\/p>\n\n\n\n Registering a trade name doesn’t really prevent others from using it. A company can have an unlimited number of trade names registered.<\/p>\n\n\n\n Registered trade names will stay in effect indefinitely unless the owner requests that it be canceled. There is no fee to terminate a trading name.<\/p>\n\n\n\n It’s important to remember that before you file your formation papers, you can conduct a name search with the state to see if the name you wish to use is accessible. You may be able to put a hold on a name (for a price) until your documents are ready to submit, but this is not a legal registration of the name.<\/p>\n\n\n\n Secondly, You do not, however, need to acquire a trading name; you can merely do business under your full legal name. Nevertheless, if you wish to use a trading name, you must register it with your state or county. In order to safeguard consumers (by allowing them to verify who truly owns a firm with which they deal), you must submit a fictitious<\/a> name statement (also known as a DBA filing) by completing a short process, paying a fee, and sometimes publishing a legal notice in a magazine. Finally, Trade name registration is only available to legal entities or general partnerships.<\/p>\n\n\n\nRegistering A Trade Name<\/span><\/h2>\n\n\n\n
Requirement for registering a trade name<\/span><\/h3>\n\n\n\n
Steps To Take In Registering a Trade Name<\/span><\/h2>\n\n\n\n
#1. Check the availability of your desired trade name<\/span><\/h3>\n\n\n\n