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What is a Trade Name?

 

A:

          A trade name, also known as a fictitious or assumed name, is any name used in the course of business that does not include the actual legal names of all the owners of the business.  Thus, if your business goes by any name other than your own real name, it is operating under a trade name.  The same is true of a corporation, if it operates under a name other than its legal name. A trade name might also be one that suggests the existence of additional owners, by using such words as "company," "associates," or "group." 

          In most states where you do business, it will be necessary to register a trade, fictitious, or assumed name, so that people who do business with you can find out who the actual owners of your business are.  You may also want to register any such trade name, as a means of protecting against other companies usurping that particular trade name.

        In Maryland, you must register your trade name, if any, with the State Department of Assessments and Taxation, Trade Name Search and Registration.  The registration fee, which covers a five-year registration period, is $25.      




The Kramer Law Firm LLC
2275 Research Blvd
Suite 500
Rockville, MD 20850

Maryland Small Business Lawyers
Rockville | Bethesda | Gaithersburg | Germantown | Potomac
Washington, DC




The Kramer Law Firm LLC represents small business clients throughout Washington, D.C. and Montgomery and Prince George's Counties in Maryland, including the communities of Bethesda, Bowie, Chevy Chase, Gaithersburg, Germantown, Laurel, Potomac, Rockville and Silver Spring and all of the surrounding areas.


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