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UBI No OUTLINE OF COSTS Please complete the Outline of Costs stating ALL FUNDS used for your current application. (If you are making a change to your current business that already has a liquor license, state only the funds needed for this change to your business.) REAL PROPERTY (land and building): Lease rental (one month + deposit, if any) OR Total purchase cost $ Business purchase cost (Purchase & Sale Agreement normally inclu.

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A LLC is an actual legal entity with its own existence in the ability to own assets. A trade name is simply a registered “nickname” that a business or individual can use through which can do business. It has no separate existence and therefore cannot own assets or execute contracts.

It allows you to legally recognize what your customers might end up calling your business anyhow because they are likely to drop the “LLC" or “Inc." designation. By registering a trade name, you can use the trade name freely without concerns that you are misidentifying your business.

While DBAs don't provide personal liability protection like LLCs do, their lower costs can be attractive for those seeking a simple way to operate under an assumed name. Ultimately, the choice depends on factors such as the desired level of legal protection, business objectives, and financial resources.

Difference Between an LLC Name and a Trade Name A trade name is merely an assumed name and not a separate entity. It does not provide liability protection. It is just a name used by an LLC for marketing and advertising purposes.

A 'trading name' refers to an unregistered name that businesses could use before the introduction of the National Business Names Register on 28 May 2012. A trading name is not a registered business name. If you wish to continue using a trading name, you need to register it as a business name.

DBA stands for “doing business as”. A DBA name is also referred to as a “trade name”, “assumed name”, or “fictitious business name”. The purpose of registering a DBA name is to notify the public that a particular person or business entity is conducting business under a name other than its legal name.

A trade name is also called a DBA (doing business as) name. A good example of this is Walmart. Walmart's legal business name is Wal-Mart Inc. but its trade name is just Walmart—that's the name it uses on its advertising and website, and what most people refer to it as.

You can complete the trademark process for your business's name in four steps, which are determining if you need a trademark, searching for existing trademarks, preparing an application to file with the United States Patent and Trademark Office (USPTO) and filing the application with the USPTO.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232