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A pseudonym (/ˈsjuːdənɪm/; from Ancient Greek ώ (pseudṓnumos) lit. falsely named) or alias (/ˈeɪli. əs/) is a fictitious name that a person assumes for a particular purpose, which differs from their original or true meaning (orthonym).
Is an assumed name the same as a DBA?
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.
Does Illinois require a DBA?
Under Illinois law, all businesses are required to register alternative trade names by filing for a DBA if the business seeks to operate under a different name than the name used when it was formed. In the case of a sole proprietorship, any name different than the owners legal name requires registration.
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.
What is the difference between a DBA and an LLC in Illinois?
DBA vs LLC in Illinois While your business assets are still at risk, your personal assets (home, car, savings) are not. With an LLC, youll have liability protection whether or not you adopt a DBA. A sole proprietor, on the other hand, has no liability protection with or without a DBA.
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How much does it cost to file for a DBA in Illinois?
In Illinois, a DBA is known as an assumed name and must be filed with a county clerk. This state has unique filing fee requirements: For years ending in 0 or 5, the fee is $150. For years ending in 1 or 6, the fee is $120.
What is the proper way to list a DBA?
Heres one approach or formula that works so people know who theyre dealing with: Full Name, Suffix, State Entity Type DBA Brand Name. Usually the intro paragraph of a contract or the website footer is the best place to place this. For example: ABC, Inc., a North Carolina corporation DBA Perfect Plumbing.
What is the meaning of an assumed name?
: a false name. He traveled under an assumed name.
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StartingYourBuSineSS in illinoiS HandBook
After you have determined the feasibility of your business idea, use a checklist for starting a business to keep you on track. ForMS oF BuSineSS StruCture and
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