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A fictitious name is an artificial name deliberately created or adopted. For example, a business may have a fictitious business name. Fictitious names may also be used when filing a lawsuit against someone whose name is unknown to the plaintiff or to conceal a persons identity. See also: doing business as (DBA)
A fictitious name is an artificial name deliberately created or adopted. For example, a business may have a fictitious business name. Fictitious names may also be used when filing a lawsuit against someone whose name is unknown to the plaintiff or to conceal a persons identity.
Generally, a DBA is less costly to maintain, but an LLC offers better benefits and protection. Expanding and selling a business, as well as generating funding, is also easier with an LLC. Also, a business owner does not receive personal liability protection from a DBA.
Generally, the function of the DBA or fictitious name is to show the buying public the identity of the business owner. It allows the public to know and have the contact details of the person handling the business. A fictitious name has the same meaning as a DBA, and both terms are interchangeable.
An LLC can operate under its formal name or a fictitious name or use both. Be sure you follow the requirements for registering and maintaining a DBA in your state and locality, and always sign contracts on behalf of the LLC, not its DBA.
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A DBA is often referred to as a fictitious business name, and is the name most commonly used on marketing materials, advertisements and signage for a business. A limited liability company is a business structure used by a company to govern its operation and distribution of profits and losses to members at tax time.
7 Tips for Choosing a Business Name Follow Your States Naming Guidelines. Dont Pick a Name Thats Too Similar to a Competitors Name. Choose a Name That People Can Spell and Pronounce. Make Your Name Web-Friendly. Be Memorable But Not Too Unique. Pick a Name thats Consistent With Your Brand. Dont Limit Yourself.
The use of a fictitious name does not create a separate legal entity, but is merely descriptive of a person or association who does business under another name. Individuals doing business under their full and proper name are not required to register their personal name as a fictitious name.
For a natural person, an example is when Jane Doe (legal name) starts a catering business called JD Catering (fictitious business name). State or county approval or registration may be required to use a fictitious business name.
Those trade names and nomenclatures are considered fictitious business names since they do not name the owners or the actual entity operating the business.

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