Table of Contents
- 1 Do you need to register a trading name?
- 2 Do you have to register a trading name in South Africa?
- 3 What is the difference between trade name and LLC?
- 4 What happens if you have the same business name as someone else?
- 5 How to register the trade name of a business?
- 6 What is a certificate of trade name?
- 7 What is a registered trade name?
Do you need to register a trading name?
A trading name is the name (or names) used by a person, partnership or company for carrying out business which is not the same as their own name or official registered name. A business may use as many trading names as it requires, but these cannot be registered as official names of the company.
Do you have to register a trading name in South Africa?
Prior to the promulgation of the Consumer Protection Act, 2008 (Act No. Therefore the CPA has prohibited the use of trading names and requires business names to be registered with the Registrar of Companies. …
Can someone else use my trade name?
In Alberta, there are very few restrictions regarding what you can name your business. Also, you are legally required to register your business name any time you conduct business in Alberta using a name other than your own.
What is the difference between trade name and LLC?
The LLC name, or legal name, is the official name of the entity that is used to sign documents, file tax returns, file lawsuits, or to submit a loan application with a bank. On the other hand, a business name, or trade name, is the name the public uses to identify your business.
What happens if you have the same business name as someone else?
If a business name is already trademarked, you are prohibited from using it even if the company operates in a different state to yours. Essentially, if your name is likely to cause consumer confusion because it’s the same or like another business name, then you cannot use that name.
What happens if you dont register a business?
If you don’t register your business, a bank will not provide you with a business account. Additionally, if you do not register your business, the chances of getting funding from investors (unless they are friends or family) are next to none.
How to register the trade name of a business?
Contact your state’s secretary of state office. When you’re ready to register your trade name you will do so through the office of your state’s secretary of state.
What is a certificate of trade name?
certificate of assumed name, trade name, or fictitious name. A certificate granted by a state authority (usually the secretary of state) that allows you to transact business under a name other than your own.
What is transfer of trade name?
The transfer of a trade between group members is commonly also referred to as a ‘hive down’, ‘hive up’ or ‘hive across’, depending upon the group structure in question.
What is a registered trade name?
A registered or legal name is your business tax ID number, used by federal and state taxing agencies, banks, and for other legal purposes. A trade name is used for advertising or trade purposes.