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A DBA does not protect your personal assets, so in the event of a lawsuit against your business, your personal bank accounts, car, or home could be at risk.
Does an LLC need an assumed name?
If youre planning to do business under your Corporation or LLCs name, you will not need a DBA (Doing Business As also known as a Fictitious Firm Name or Assumed Name). If you want to operate your company under a different name, a DBA will be required.
When would you use a DBA?
Use a DBA when entering a new line of business not reflected by your current name. Often a doing business as name is used when a corporation or LLC wishes to enter a new line of business or to market new products or services that the current business name does not represent.
What is the difference between DBA and assumed name?
An assumed business name, also called a DBA (doing business as) name, is used by an entity that is conducting business under a name that is not its legal name.
What does certificate of assumed name mean?
| 10 minutes to read. An assumed name certificate allows businesses to operate under a name thats different from their legal name, providing more flexibility for branding and marketing. Many small businesses choose to file for an assumed name to create a recognizable identity without forming a new legal entity.
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What is the purpose of an assumed name certificate?
An assumed business name certificate also known as a fictitious business name statement is pretty much what it sounds like. Similar to how a certificate of good standing works, This document serves as proof your company does, in fact, have the legal right to use that name.
Related links
Registering Your Business | SBDC | SIU
Corporations, LLCs, LLPs, and limited partnerships register an assumed name as part of their required business filings with the Illinois Secretary of State.
The certificate must state the assumed name under which business will be conducted or transacted. The assumed name must be a name that is distinguishable upon
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