A sole proprietorship is a simple business structure in which there is no distinction between owner and business. Since the business and its owner are one and the same, many UCC filers are unsure how to name a sole proprietorship as debtor on a UCC1 Financing Statement.

In the eyes of the Uniform Commercial Code, a sole proprietorship is considered an individual, not an organization, even if operating under a trade name (dba). When preparing a UCC1 Financing Statement , a sole proprietorship should be listed as an individual debtor.

Although your UCC filing would be accepted by the filing office with only the individual name, First Corporate Solutions recommends listing any associated trade name as an additional debtor to ensure the record can be easily found later in a UCC search effort.

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