Assumed Business Name Certificate (Ncgs 66-71.5) - North Carolina

Assumed Business Name Certificate (Ncgs 66-71.5) is a legal document that was released by the North Carolina Secretary of State - a government authority operating within North Carolina.

FAQ

Q: What is an Assumed Business Name Certificate?A: An Assumed Business Name Certificate is a legal document that allows a business to operate under a name different from its legal name.

Q: What is the purpose of obtaining an Assumed Business Name Certificate?A: The purpose of obtaining an Assumed Business Name Certificate is to inform the public about the true and legal owner of a business operating under a name other than its legal name.

Q: Which state law governs the Assumed Business Name Certificate in North Carolina?A: The Assumed Business Name Certificate is governed by NCGS 66-71.5 in North Carolina.

Q: Do all businesses need to obtain an Assumed Business Name Certificate?A: No, only businesses that operate under a name different from their legal name need to obtain an Assumed Business Name Certificate.

Q: How can I obtain an Assumed Business Name Certificate in North Carolina?A: To obtain an Assumed Business Name Certificate in North Carolina, you need to file a certificate with the Register of Deeds in the county where your business is located.

Q: What information is required to file an Assumed Business Name Certificate?A: The information required to file an Assumed Business Name Certificate typically includes the legal name and address of the business, the assumed name being used, and the name and address of the business owner.

Q: Is there a fee for filing an Assumed Business Name Certificate?A: Yes, there is usually a fee associated with filing an Assumed Business Name Certificate. The fee amount may vary depending on the county where the business is located.

Q: Is an Assumed Business Name Certificate valid indefinitely?A: No, an Assumed Business Name Certificate is typically valid for a specific period, typically 5 years in North Carolina, and needs to be renewed.

Q: Can I operate my business without obtaining an Assumed Business Name Certificate?A: No, if you operate your business under a name different from your legal name, it is required by law to obtain an Assumed Business Name Certificate.

Q: What are the consequences of not obtaining an Assumed Business Name Certificate?A: Operating a business without obtaining an Assumed Business Name Certificate can result in legal penalties and may affect your ability to enforce contracts or protect your business's intellectual property.