#15+ fictitious business name statement
For an individual, it’s a name that doesn’t include the surname of the person or a name that suggests the occurrence of additional owners. Finally, by registering the fictitious name, a business operator can ensure the name won’t be taken by another company. If that’s the case, and you go ahead of time and use that name for your company, you may well run into legal trouble, based on your geographical scope and the merchandise or services that you sell. Once you develop a new name, begin the search process again to make certain it’s available. For a sole proprietorship, the legal name of a company is the complete name of the individual who owns the business. In addition, if a business name should include a number of names, like a law firm named Jones, Smith, and Johnson, a DBA can be useful. It’s important that you know that altering the name of your organization in California is not going to impact its entity status for tax reasons.
The statement might be filed by mail or in person using our on-line application. Fictitious business name statements have to be renewed every five decades. A new fictitious business name statement has to be filed before that moment.
Getting Legal Help If you’re starting a company and have concerns about whether you want a fictitious business name, it’s in your very best interest to talk to an experienced business lawyer. You have to research the Fictitious Business Name Index to ensure the name you’re considering is available. It is a good idea to research the Fictitious Business Name Index before filing your statement to make sure the uniqueness of your organization name.
You may file as many names as you desire. Because your own name isn’t very likely to bring in customers or inform customers concerning the nature of your organization, it’s wise to submit an application for an FBN. The previous name is critical. In the majority of states however the previous name alone is inadequate. Fictitious business names are filed with the County Clerk’s Office, but they do not need to be submitted in exactly the same county where the company is located. They are not unique, and you are not reserving the name when you register. In California, fictitious business names have to be renewed periodically unless the provider intends to quit utilizing the name.
The company name is fictitious because she’s doing business under an assumed name that doesn’t identify her as the proprietor. The name of your company is your choice, but it has to be properly registered with the state of California. A fictitious business name could be required sometimes. For the company owner, employing a fictitious business name permits the owner to establish a single entity to operate numerous businesses without developing a new entity for each or undergoing the cost of forming a corporation. The main reason behind having fictitious business names registered is so that it is not hard to track down who actually owns a business in the case of an issue.