Do you know what an assumed name is? Some small businesses may decide to file for an assumed name for their small business. Once you know what an assumed name is and its benefits, you may decide to file for this official registration.
An assumed name goes by a few names depending on your state of incorporation. It may be a fictitious name, trade name or doing business as name (DBA). An assumed name has the same definition as a DBA. It is the name other than the legal entity name under which it conducts business.
Here are some common reasons why small businesses would complete assumed name registration.
Obtaining an assumed name is not the same as filing for trademark registration.
Both an assumed name and a trademark are business names. However, an assumed name only grants the owner rights at the state level. A trademark is an original and unique logo, design, symbol or phrase. This mark helps customers identify the brand and differentiates the business from its competition.
Entrepreneurs who plan to protect their intellectual property at the federal level are advised to file for trademark protection.
MyCorporation can help you file a DBA! Pick the form of protection best for your small business. Then, let us help with the filing. Call us at 877-692-6772 or visit us at MyCorporation.com.
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