Conduct of Business Under Fictitious or Assumed Name is a legal term used to describe a situation where an individual or a business carries out commercial activities under a name other than their own. In such cases, the individual or business must register the fictitious or assumed name with the relevant state or local authority. The main types of Conduct of Business Under Fictitious or Assumed Name are: 1. Sole proprietorship: This is when an individual carries out business activities under a name other than their own. They must register the assumed name with the relevant state or local authority. 2. Partnership: This is when two or more individuals, or a company and another individual, carry out business activities under a name other than their own. Each partner must register the assumed name with the relevant state or local authority. 3. Limited liability company (LLC): This is when a company carries out business activities under a name other than its own. The company must register the assumed name with the relevant state or local authority. 4. Corporation: This is when a corporation carries out business activities under a name other than its own. The corporation must register the assumed name with the relevant state or local authority.