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What is the difference between an assumed name and a DBA?

Any business that uses a name other than its legal name should take steps to comply with the assumed name statutes in the states in which it does business. An assumed name is also called a DBA (doing business as) name. Failing to do so can expose both the business and owners to unpleasant consequences.

What is an assumed name example?

Sole Proprietors or Partnerships are required to file a DBA with the County Clerk's Office where the business is primarily located. Your business should include its legal name and its assumed name in contracts. For example: ABC, LLC d/b/a Assumed Name.

What does assumed name mean in business?

When a statutory business entity such as a corporation, limited liability company (LLC), or limited partnership (LP) does business under an assumed name (also known as a DBA or \u201cDoing Business As\u201d) that means it is using a name other than the one set forth in its formation document.

Do assumed names expire in Maine?

DBAs in Maine do not expire and do not require renewal. You will file your DBA and pay filing fees either by mail or in person. Maine requires that a notary of the public notarize the Assumed Name form for Partnerships or Assumed Name form for Sole Proprietorships.

How do I find out if a business name is available in Maine?

Do a Maine Business Name Search. Before filing your name reservation request, you can use the Maine Secretary of State Business Search (also known as the Corporate Name Search) to check the availability of your desired name.

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Is an assumed name the same as sole proprietorship?

Is DBA and sole proprietorship the same? Technically speaking, no. A sole proprietorship is a legal structure (like LLC or Corporation), and a DBA is not. A DBA is a legal requirement to operate your business with a trade name or a pseudonym different from your registered legal name.

Is an assumed name the same as sole proprietorship?

Is DBA and sole proprietorship the same? Technically speaking, no. A sole proprietorship is a legal structure (like LLC or Corporation), and a DBA is not. A DBA is a legal requirement to operate your business with a trade name or a pseudonym different from your registered legal name.

What is the difference between a trade name and a company name?

A corporate name is the name under which an entity is formed, or registered. In most cases, corporate names ends with a distinct suffix (i.e., Inc., LP, LLC, etc.). A trade name is a fictitious/alternate name under which an entity may choose to operate. register and operate under more than one trade name.

What is considered a trade name?

A trade name is the name your business is commonly known as or the name you use when advertising or doing business. A trade name is also called a DBA (doing business as) name. A good example of this is Walmart.

Is sole proprietorship the same as DBA?

Is DBA and sole proprietorship the same? Technically speaking, no. A sole proprietorship is a legal structure (like LLC or Corporation), and a DBA is not. A DBA is a legal requirement to operate your business with a trade name or a pseudonym different from your registered legal name.

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