Question: How Much Is A Trade Name?

What is an example of a trade name?

A trade name is generally considered the name a business uses for advertising and sales purposes.

A trade name is sometimes referred to as a “fictitious” or “doing business as (DBA)” title.

For example, “McDonald’s” may be the trade name, but the legal name is “McDonald’s Corporation.” A trademark is a brand name..

How do I find my trade name?

To do this, simply go down to your county clerk’s office and see if the name is registered or on a list of fictitious names for businesses (in a few states, there is a statewide fictitious business names database that your county clerk can find and inform you).

Can 2 businesses have the same name?

Because business names are registered on a state-by-state basis, the fact that a company in another state has the same name as yours is usually not a cause for concern. However, you are right in that there could be intellectual property issues (namely, trademark) when two companies have the same name.

What is the difference between a brand name and a trade name?

A trade name is used in the course of business that doesn’t include the full legal name of the business. On the other hand, a brand name is a name given by an organization to a particular product or service.

What do they mean by trade name?

A trade name is the official name under which an individual as a sole proprietor or a company chooses to do business. A trade name is commonly known as a doing business as (DBA) name.

Can I use a trading name?

A business wishing to trade as a UK company must be registered at Companies House. … A company may only have one registered name, but can have multiple trading names, as required.

Do I need to register a trading name?

You need to register a business name if you conduct business under a name other than your own. A business name, also known as a trading name, is a name or title under which a person, or other legal entity, carries on business. When you register a business name, you register it nationally.

Trading names are not protected by law When you register a company name at Companies House, it is protected by law so no other business can use it.

What is the difference between a business name and a trade name?

The business name is the legal name of the entity. Owners often register a trade name under which to operate their business. … For example, John Smith owns a small business with a trade name (or DBA – “doing business as”) Smith’s Accounting Services.

How do I protect my business name?

Protect Your Brand Name in 5 StepsRegister your domain name. Domain names are an important part of any business brand today. … Trademark your business name and logo. … Use your brand. … Monitor your brand. … Deal with infringement immediately.

Can someone use my business name?

This means that it is possible for another person to use your trademarked name, so long as it is in a different context. Note also that if it turns out that someone was already using a similar mark in Canada on product or service similar to yours before your trademark registration, your trademark can be expunged.

What are the 3 types of brands?

There Are Many Types of BrandsIndividual Brands. The most common type of brand is a tangible, individual product, such as a car or drink. … Service Brands. … Organization Brands. … Personal Brands. … Group Brands. … Event Brands. … Geographic Place Brands. … Private-Label Brands.More items…

Is trade name the same as generic?

Generic medicines work the same as brand-name medicines A generic medicine is the same as a brand-name medicine in dosage, safety, effectiveness, strength, stability, and quality, as well as in the way it is taken and should be used.

Can a sole trader use a trading name?

When you register as a Sole Trader you register your own name with HMRC and this is the name that you should be trading under (e.g. John Smith). However, you can use a ‘trading as’ name. … The best way to get around this is to register the ‘trading as’ name as a company and hold it dormant.