If you want to use a name other than your legal business name, you will need to register it as a trade name/DBA. Some examples of businesses that need to register a trade name/ MBL/DBA include:
-You are a sole proprietor.
-You plan to use a name other than your legal name for marketing purposes (for example, your business’ legal name is Smith Bakeries Inc., but you are marketing as Bob Smith’s Bakery).
-Your business name has expired and can no longer be renewed. Then you are required to start the business under fresh license.
Attributes of MBL
- Can own by Corporation, Individual
- Easiest form to start business
- No protection of name
- Tax facility based on owner’s