Can a business owner be held personally liable for the obligations of an entity operating under a tradename?
In Virginia, a business entity is permitted to operate under a name that differs from the legal name of the entity. For example, a restaurant business owned by “John Doe, Inc.” could choose to operate under the name “Johnny’s Diner”. This operating name is generically referred to as a tradename, but may also be referred to as a “DBA” (doing business as), or “A/K/A” (also known as), or “T/A” (trading as). The technical legal term for a tradename in Virginia is a “fictitious name”. Virginia law requires any business entity (domestic and foreign) operating under a tradename in Virginia to register...Continue reading