Monday, January 21, 2013

Business And Fictitious Name Registration

State Requirements

Some states require certain types of businesses to register a fictitious name, such as sole proprietors and partnerships, while other states do not require the fictitious name registration.



Legal Name


The legal name of a business is the actual name of the business owners. Local government regulations require most business owners to register their business name.


Fictitous Name


If a business owner desires to function a business under a name that is different from his legal name, he must register a fictitious name.


Purpose


The purpose of registering a fictitious name is for public notice. The registration of a fictitious name allows businesses, customers and government agencies To possess notice of the owner of the business.


Business Transactions


When a business owner intends to transact business and render services for compensation, registering a fictitious name allows her to conduct business under a different name than her legal name.


Field owners can guide a episode under a ficticious designation.Anyone who intends to function a career enterprise must register her complication handle. Most businesses are required to string a affair label with the secretary of control. But, some states end not demand sole proprietors to register a business name.