General partnerships have two or more owners. If you want to work under a different name, you can request a DBA (Doing Business As). An LLC with one owner is known as a single-member LLC, while an LLC with several owners is known as a multi-member LLC. The probability that a DBA has two owners depends on the business structure. In a sole proprietorship or partnership, the DBA represents individual owners, allowing both owners to join the DBA.
However, in the case of a corporation, LLC, or any other statutory entity, the DBA is tied to the legal entity itself, regardless of the individual owners. This means that the DBA is associated with the company as a whole, and not with the specific people who own it. One of the easiest ways to combine the names of two business owners into one company name is to use each person's last name side by side. In the case of a sole proprietorship, which is the most common structure for people using a DBA, the company and the DBA are essentially an extension of the individual owner. Addressing the complexities of business ownership, including registering a database administrator and managing financial management, can be difficult. In short, a DBA name is when a company decides to operate under a different name than its legal name. If you're a sole proprietorship and another company uses a business name similar to yours, you have no protection or legal recourse to get them to change their business name.
Unleash your creativity and use any combination of your last name or first name to create a truly inspiring new business name. However, if you're operating as an LLC or corporation, you'll need to add suffixes such as “LLC” or “Inc.” These suffixes are reserved for formal business entities, such as corporations or limited liability companies (LLC). In addition to searching by business name, you can find out if someone in the country is already using your business name by searching for trademarks. You'll also want to update your business licenses due to the change of owner to avoid any penalty and maintain a good reputation. Discovering that another company uses a name similar to yours can generate a lot of emotions in the owner of a small business who has invested their time, money and effort in starting a company. An example: Jane Willis and Donna Mills opened a nail salon (PS: check out my list of ideas for nail salon names). They could use these trade names: Willis Mills Nails, WillNails, Jannon Salon, Nail-Mill, etc.
