What's Driving the Increased Complexity for Assumed Names
Inconsistent Regulations
The filing information required varies not only from state to state, but often by entity types within a given state.
What Qualifies as “Doing Business?”
Most often, the term is defined by the courts, rather than the statute, based upon specific facts and circumstances.
Penalties of Not Filing an Assumed Name
The individual negotiating and entering into contracts for the entity can end up being personally liable.