windyMagician
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Simple English definitions for legal terms
corporate name
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A quick definition of corporate name:
A corporate name is the official name that a company uses to do legal things like sue or pay taxes. It's the name that the company tells the government it will use. Usually, the name has to include words like "corporation" or "company." It's different from a person's name, which is the name they were given when they were born. A company's name is important because it helps people know who they are and what they do.
A more thorough explanation:
A corporate name is the registered name under which a corporation conducts legal affairs such as suing, being sued, and paying taxes. It is the name that a corporation files with a state authority (usually the secretary of state) as the name under which the corporation will conduct its affairs. A corporate name usually includes, and in many states is required to include, the word “corporation,” “incorporated,” or “company,” or an abbreviation of one of those words.
- Apple Inc.
- Microsoft Corporation
- Amazon.com, Inc.
These examples illustrate corporate names because they are the registered names under which these corporations conduct their legal affairs.