What does A Trade Name (DBA) means and how to file for it?
Trade name is, a legally approved way to do your business under specific name. You use this name to file with state, county or even with local municipality. Trade name is also referred with various names as, “assumed name”, “fictitious business name”, or DBA for “doing business as”.
Being the most cost effective and easy way to operate your business, it is so flexible that it never compels you to create an altogether a new business entity. With DBA, you can very well accept all your payments, advertise for your business and can do all presenting under this name.
Who are all allowed to register a Trade name?
Any business can opt to register a Trade name, this includes general partnerships, corporations, sole proprietorship, organized and incorporated entities such as LLCs, nonprofits and limited partnerships.
An important point to keep in mind at this time is, DBA is just an alias and is not an actual business entity. Also, it must belong and needs to be associated with a specific legal entity.