It’s a declaration that lets the public know the true owner of a business. If your business operates under a name different from its legal LLC name, you’ll likely need to file a DBA. It acts as your company’s stage name, while the LLC name is its legal name. At first glance, a DBA and trade name sound similar.. A company name is the actual name of the business, while a trade name or DBA is a way of doing business under a particular name filed in a state or county. A trade name can be registered by any type of business such as LLCs, corporations, and nonprofits. A DBA is an alias and is not an actual business entity.
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LLC name vs business name can be two separate names and serve different purposes. The LLC name, or legal name, is the official name of the entity that is used to sign documents, file tax returns, file lawsuits, or to submit a loan application with a bank. On the other hand, a business name, or trade name, is the name the public uses to identify.. Business Entity Formation vs. Trademark Rights. Unlike the rules applicable to forming a business entity found in state law, the rules applicable to trademarks are found in both state and federal law.