Legal Question in Business Law in Florida
Apply existing license to a new business?
I am a sole proprietor and have a ficticious name and
license to run a business called NAOFA (National
Appreciation of Fine Artists). This is an art-related
service and design business on the internet.
I would like to start up another business to sell
watches on the internet. This business has a name of
"The 4th Dimension Watches". Can I operate the "4th
Dimension" under the registered license and ficticious
name of NAOFA?
Is there any legal reason why I cannot operate the
watch busines under the registered NAOFA business?
Thank you. Any answer would be GREATLY appreciated.
1 Answer from Attorneys
Re: Apply existing license to a new business?
Generally, I would recommend a differnt entity for each different business type. The reason being that there is no need to subject one operation to the potential liabilities of the other. Each should be a corporate vehicle so as to protect your personal assets.
In your situation the license you have may contain resrtiction on your proposed solution.
A careful reading of it by an atty is urged. If you wish to contact me you may call 305-940-8080
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