Here is a Conduct of Business Certificate Template (Under Fictitious or Assumed Name) in PDF Format for you to download.
When a person or number of partners wants to open or start a business without their names in the title of the business, they are legally obligated to file an application in the appropriate department i.e. local trading department in order to ask for permission and to register the name of the company in the official federal or state record. This explains that when you don’t use your own name in the title of the business, this is known as DBA or doing business as or running a business under fictitious or assumed name.
Reasons to Conduct a Business under Fictitious or Assumed Name:
There are many situations and reasons when the business and company owners are legally required to file for DBA in the local trading department if they want to run a business under fictitious or assumed name. For example, Edward Kinsley wants to open a computer software company with the name Global solutions provider so he is legally required to file for registration to run the business under assumed name. Most of the countries and states around the world require the business owners to file for the registration before starting the business under fictitious or assumed name. Also if you want to name your business as “The Group Of”, you again need to file for the registration to run the business as DBA.
When you form a limited liability company or LLC, you don’t need to file for the registration but as soon you want to expand your business with an assumed name other than the name that you registered for the LLC, you are required to file for the registration because now the expanded part of your business is running with assumed name that is different from the registered LLC name. For example, you register your LLC as software solution provider and now that you want to sale computer systems, you will need to file for DBA because you will use another name for the expended part of your business.
Benefits of Conducting Business under Fictitious or Assumed Name:
There are many advantages and benefits of using assumed or fictitious name for your business but most importantly, this benefits the new or small business owners. If you have limited resources to start a business, you can’t pay for the expensive registration of a corporation or LLC without assumed name but when you use assumed name, it won’t cost you as much and with this opportunity, you can start your business with limited resources. Second, when you want to advertise your products or services in the market with your business name, you need to use DBA status which explains that you are not using your own name in the business title but operating the business under fictitious name. This gives you extra edge to market your brands with putting keywords in your business title i.e. office supplies, power solutions or software provider.
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