Trade Name vs. DBA: What’s the Difference?

Is trade name and dba the same?
A trade name is also known as a fictitious name or a DBA (doing business as). A registered business entity can file for Registration of Trade Name (Form T-1) as long as the name is different from its registered name.
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The phrases trade name and DBA may be used when launching a business. Despite their apparent similarity, they actually mean different things. A DBA (short for “doing business as”) registration enables a business to operate under a name other than its legal name, while a trade name is the name under which a firm is known. In other words, a trade name is the name under which you conduct business, but a DBA is the name’s official registration. Are DBAs Required in Arizona?

Unless they are conducting business under a name other than their legal name, businesses in Arizona are not obliged to file for a DBA. If your company is called “John Smith LLC,” for instance, you don’t need to apply for a DBA. To operate under a different name, such as “Smith’s Services,” you must apply for a DBA.

Therefore, How Much is an LLC in Arizona?

In Arizona, forming an LLC costs $50 plus a $25 expedited processing charge if you want your application to be handled in less than a day. Additionally, you must submit an annual report every year, which costs $45. How Much Does a DBA in Arizona Cost?

Depending on the county you register in, Arizona’s DBA registration fees change. For instance, the cost in Maricopa County is $50. The cost in Pima County is $17.50. Every five years, you’ll also need to renew your registration, which carries a price.

How can I find out whether a business name is already taken in Arizona?

Make sure your selected business name is available in Arizona before applying for a DBA or creating an LLC. You can do this by looking up registered businesses in the Arizona Corporation Commission’s online database. If the name you want is already used, you’ll need to choose another name or think of a creative version of the one that is.

In conclusion, despite their apparent similarity, trade names and DBAs have distinct purposes and meanings. You must apply for a DBA if you wish to do business under a name other than your legal name. The price to create an LLC in Arizona is $50, while the price to register for a DBA varies by county. Verify that the business name you want to use is available in Arizona before applying for a DBA or creating an LLC.

FAQ
Correspondingly, does a trading name need to be registered?

It depends on the nation and the laws thereof. If a company wishes to use a name other than its legal name or the name of its owners, it may be necessary to register a trading name. In certain nations, it is not necessary, however it is advised in order to safeguard the company’s reputation and avert future legal problems. It is crucial to learn about the rules and legislation that apply in the nation where the firm is located.

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