The name you choose to do business is known as your trade name. It is the name you use on all of your business paperwork, including signage and marketing materials. It’s crucial to remember that your legal name differs from your trade name. If your name is Jane Doe and you run a company called “Doe’s Bakery,” for instance, Doe’s Bakery is your trade name. What sort of trade name would that be?
A trade name is something like “Starbucks.” The corporation is officially known as “Starbucks Corporation,” but the trade name is what the general public knows and associates with. Another illustration is “McDonald’s,” the trademark of the company “McDonald’s Corporation.” Do I have to register a business name in Colorado? Yes, you are needed to register a trade name if you run a business in Colorado under a name other than your legal name. The Colorado Secretary of State’s office handles this. An application must be completed and a fee must be paid in order to register. As soon as your trade name has been registered, you will obtain a certificate of registration that you can use as documentation. Are DBA and trade name the same thing? Yes, the DBA and the trade name are the same in Colorado. This means that if you are running a business under a name other than your legal name, you must file a trade name or DBA registration. It’s critical to recognize that the terms relate to the same thing because they are frequently used interchangeably.
In summary, a trade name is the name that a company uses for its operations and that the general public recognizes. If you are operating a business in Colorado under a name other than your legal name, you must register it as a trade name. A trade name is the same as a DBA. Starbucks and McDonald’s are two instances of trade names. It is advised that you speak with a legal expert if you are unsure whether you need to register a trade name or DBA.