Keywords: Phoenix Arizona, assignment of trade name, business, registration, legal, filing, name change, entity, sole proprietor, partnership, corporation, limited liability company. Title: Phoenix Arizona Assignment of Trade Name: A Comprehensive Guide Introduction: Phoenix, Arizona, is known for its vibrant business community, with numerous enterprises thriving in various industries. When it comes to establishing or running a business, it is crucial to understand the legal processes and requirements involved. One such aspect is the assignment of trade name, which allows businesses to operate under a name different from their legal entity name. In this article, we will explore in detail what Phoenix Arizona Assignment of Trade Name entails, its importance, and the different types of assignments applicable. I. Understanding Assignment of Trade Name: A. Definition: Assignment of Trade Name refers to the process of registering and legally establishing a trade name (also known as a "doing business as" or "DBA" name) for a business entity or an individual. B. Importance: Allows businesses to operate under a name distinct from their legal entity name, providing flexibility, brand recognition, and better marketing opportunities. C. Legal Entity Types: Assignment of Trade Name is applicable to various business entities, including sole proprietorship, partnerships, corporations, and limited liability companies (LCS). II. Types of Phoenix Arizona Assignment of Trade Name: A. Sole Proprietorship: 1. Sole Proprietorship Assignment: Sole proprietors can register and operate under a trade name instead of using their personal name for business purposes. 2. Statue Reference: Arizona Revised Statutes (AS) § 44-1460. B. Partnerships: 1. Partnership Assignment: Partnerships consisting of two or more individuals can register a trade name allowing them to conduct business under a name other than their personal or legal entity names. 2. Statue Reference: AS § 29-223. C. Corporations: 1. Corporate Assignment: Corporations can register and operate multiple businesses under different trade names, providing versatility in marketing and branding. 2. Statue Reference: AS § 10-402. D. Limited Liability Companies (LCS): 1. LLC Assignment: LCS can file an assignment of trade name, allowing them to conduct business under a name other than their registered legal entity name. 2. Statue Reference: AS § 29-318. III. Filing Process for Phoenix Arizona Assignment of Trade Name: A. Gather Requirements: Determine the necessary documents, such as the Trade Name Registration Application, applicable fees, and any additional supporting documents. B. Business Entity Verification: Ensure that the business entity is properly registered with the Arizona Corporation Commission (ACC) or the Arizona Secretary of State, as per its legal structure. C. Trade Name Availability: Conduct a search to confirm the chosen trade name's availability, ensuring it is not already in use by another business. D. Complete the Application: Fill out the Trade Name Registration Application accurately, providing all the required information, including the legal entity's details and the proposed trade name. E. Submitting the Application: Submit the completed application and accompanying documents, along with the applicable fees, to the Arizona Corporation Commission or the Arizona Secretary of State, depending on the legal entity. F. Processing and Approval: The application will be reviewed by the respective authority, and upon approval, the assigned trade name will be registered, allowing the business to operate under that name. G. Renewal Requirements: Ensure timely renewal of the trade name registration, as it generally expires after a certain period. Conclusion: Understanding the Phoenix Arizona Assignment of Trade Name process is crucial for businesses operating in this region. With different types of assignments applicable to various business entities, it is essential to acquaint yourself with the legal requirements specific to your business structure. By successfully completing the registration process, businesses can enjoy the benefits of operating under a trade name, allowing for efficient branding, marketing, and flexibility within the Phoenix business landscape.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.