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What is fictitious name permit?
The purpose of a fictitious name permit (FDP) is to allow a licensed physician and surgeon or podiatrist to practice under a name other than his or her own. ... After review, the permit is approved or a letter of deficiency is mailed to the applicant explaining the specific problems.
What is a fictitious name?
Definition: A legal document showing the operating name of a company, as opposed to the legal name of the company. In the case of a corporation, a fictitious business name is any name other than the corporate name stated in its articles of incorporation. ... This is known as a fictitious business name.
What is the purpose of a fictitious name?
A fictitious business name or “doing business as,” also known as a DBA, gives business owners an inexpensive method of gaining the legal right to operate in a name other than their own. It protects the public, and it extends legal protections and privileges to business owners.
Is a fictitious name the same as a DBA?
A DBA is simply a name statement registered with the state and not an official business formation like a corporation or an LLC. ... There's no difference between a fictitious business name and a DBA. A fictitious business name is often referred to as a DBA, an “assumed business name” or a “trade name”.
What is a DBA example?
Called a Doing Business As (DBA) filing, this action allows your company to legally operate under a trade name, also known as an “assumed” or “fictitious” name. ... For example, business owner John Smith might file the Doing Business As name “Smith Roofing.”
Can an LLC have a fictitious name?
An LLC can operate under its formal name or a fictitious name, or it can use both. Be sure you follow the requirements for registering and maintaining a DBA in your state and locality, and always sign contracts on behalf of the LLC, not its DBA.
What is the difference between fictitious name and LLC?
One main difference between an LLC and a DBA is the limited liability protection you obtain when you form an LLC. Because an LLC is a separate legal entity, the personal assets of its owners known as members remain separate from the assets of the business.
Does an LLC need fictitious name?
If a limited liability company wants to do business under a name other than the official LLC name, it usually must register a fictitious business name, also known as a trade name, doing business as name, or DBA. ... But you can also still do business under your official LLC name.
What is the difference between an LLC and a DBA?
The biggest difference between a DBA and an LLC is liability protection. Under a DBA, there is no distinction between the business owner and the business. The business owner is liable for all expenses incurred on behalf of the business. On the other hand, an LLC provides limited liability protection.
Can an LLC do business as another name?
Many Limited Liability Companies (LLC) want to add another name to the existing company. Adding a “Doing Business As” (DBA) or “Fictitious Business Name” to your organization can offer both more appealing marketing options and a favorable business angle to your business.
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