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If the owner of a sole proprietorship decides to operate under a different type of name, then the owner would have to file a:

A. Fictitious Business Name Statement
B. Trademark Application
C. Change of Business Structure Form
D. Tax Exemption Request Form

1 Answer

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Final answer:

The owner of a sole proprietorship must file a Fictitious Business Name Statement, also known as a DBA, when operating under a different name to ensure public transparency about the business's actual ownership.The correct answer is option A.

Step-by-step explanation:

If the owner of a sole proprietorship decides to operate under a different type of name, then the owner would have to file a Fictitious Business Name Statement. This allows them to do business under a name other than their personal name.

It's also known as a 'Doing Business As' (DBA) filing. The purpose of registering a fictitious business name is to ensure that the public can identify the actual owner of the business, which is important for consumer protection and legal processes.

A Trademark Application is different as it is used to protect a name or logo that represents a product or service, offering intellectual property protection. A Change of Business Structure Form would be necessary if the business entity type is changing, for example from a sole proprietorship to a corporation or LLC.

Lastly, a Tax Exemption Request Form is used if a business seeks to be exempted from certain taxes, typically not relevant to a simple name change.

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