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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.

What are the downsides of a DBA?

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.

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.

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.