Definition Of Business Name

For example abc business may have abc operations abc logistics and abc security.

Definition of business name. Different from your dba which is the legal name you register for your business this is the name you d use to advertise and sell your. The value of a company s brand name solid customer base good customer relations good. A business process has also been defined as a set of activities and tasks that once completed will accomplish an organizational goal. Business process definition what is a business process.

If the business acquires debts the creditors can go after the owner s personal possessions. Goodwill is an intangible asset that arises when one company purchases another for a premium value. If you are unsure about whether you need to register a business name look through the examples in regulatory guide 235. Brand names and franchise names.

The reason behind having fictitious business names registered is so that it is easy to track down who actually owns a company in the case of a problem. Having a business name does not separate the business entity from the owner which means that the owner of the business is responsible and liable for debts incurred by the business. A business name is any name other than that of the owner under which a company conducts business. The term for this type of alternative name is a fictitious business name.

A business structure does not allow for corporate tax rates. A trade name trading name or business name is a pseudonym used by companies that do not operate under their registered company name. One of the first decisions entrepreneurs must make when starting a new business involves coming up with an appropriate and marketable business name. His business is poultry farming.

Although some entrepreneurs simply conduct business under. The name by which people know your business. Business name law and legal definition. For example if your name is john smith and the name of your business is john smith co you will need to register the business name john smith co.

A business process is a collection of linked tasks which find their end in the delivery of a service or product to a client. Many businesses have a brand name that is used by different entities. It also allows the business owner to enforce contracts signed under the name of the business. Business definition an occupation profession or trade.