Online Home Business
Best Otahs Crafts Co. Business permits and Tax ID number Requirements
Van Darleen Chapmansen
8/30/2011 12:42 AM
|I sell crafts online from my home to all 50 states.|
Online Home Business
I wonder.. is a Trade Name, a Fictitious Name and an Assumed Business Name all the same?;
Yes, a trade, assumed and fictitious name are all the same also called a DBA "doing business as" name..
So what is a Trade Name? ;
A trade name is the name a business operates under. IBM operates under IBM - for example.
So what is an Assumed Business Name?;
An assumed business name is the name a business uses to do business. For example, Microsoft uses "Microsoft," as its business name.
Required Registrations for crafts sales.
|I am a sole owner using "Ultra Company," as my company name. Do I need to register a Trade Name?;
Yes, you need to file a Trade Business Name.
Does the registration of a trade name requires a government fee to be filed? ;
There is normally a government fee ranging from $5 to $300 per trade name registration depending on your state.
Is your fee and government fee included in the trade name registration price?;
Yes, all fees are included in our service price.
Can I file a trade name in a state other than then state my business is located?;
In most states that you have no location or presence, you cannot file a DBA except perhaps a few states such as California.
Do banks require a trade name in order to open a business bank account?;
Yes, you will need either a trade name certificate or a corporate certificate to open a business bank account.
Do a sole proprietor using his own full name as a trade name needs to reigster a trade name?;
Not if using just the name. However, where additional owners are implied such as "John Doe," and associates, you will need to file a trade name.
Why do I need a DBA Trade Name Registration?. |
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You need a trade name certificate because the public needs to know who does a business under the trade name.
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