Not a registered entity? How about a trade name.
Let’s say your business is not one of the entities mentioned in the last video.
Are you a trade name? A d/b/a? Do you even know what that means?
Find out more by watching the video below.
Below is a transcript of the video:
Next, we’re going to talk about trade names or something you would see as “d/b/a”, “dba” or “doing business as”. A trade name is a registered name of a business that’s being operated by a different entity, which could be a sole proprietor. For example, I could be operating a separate business that’s not registered with the secretary of state so it’s not a limited liability company or a corporation, but instead, it’s a trade name.
It would be Steven Lefkoff doing business as SL’s Car Dealer (bad example, maybe – it could be one that a viewer might be involved in right now). A d/b/a though is not something that somebody picks and just runs the business. Technically, the d/b/a is supposed to be registered in the county in which it’s operating. For example, if this DBA is in Cobb County, then the trade name registration would be completed and filed in Cobb County which is done at the clerk’s office.
It’s not as simple as just opening up a business to follow the law and operate under a trade name. The trade name must actually be registered in the county in which the business is located.
For more videos on the Georgia Car Law Authority series, please visit www.georgiacarlaw.com.
For more information and to book a strategy session, click here!
P.S. Have you heard about The Driveway, our monthly legal membership program? Check it out here!
