Florida Contractor Practice Exam

Which of the following is NOT true about fictitious name registration?

1. Valid for 5 years.

2. The fictitious name must be advertised at least one time.

3. If a change of ownership occurs, a cancellation and registration must be filed within 45 days.

4. Fictitious name registration must be renewed between July 1 and December 31 in the expiration year.

The correct answer is: If a change of ownership occurs, a cancellation and registration must be filed within 45 days.

The statement regarding fictitious name registration that is not true is related to the requirement for filing in the event of a change of ownership. Generally, if a change in ownership occurs for a business operating under a fictitious name, the existing registration does not automatically require cancellation, nor does it typically mandate a new registration within a specific 45-day window. Instead, the new owner may need to file for a new fictitious name registration or update the current registration, but the process does not usually stipulate a strict 45-day timeframe following a change in ownership. In contrast, the other options reflect accurate information regarding fictitious name registration. It is indeed valid for a period of five years, which highlights the longevity of the registration process before renewal is necessary. Advertising requirements stipulate that the fictitious name must be published at least once, ensuring public awareness of the business entity operating under a name different from the owner’s legal name. Furthermore, the renewal process for fictitious name registration must occur specifically between July 1 and December 31 during the expiration year, which sets a clear timeline for business owners to maintain their registration status. Understanding these elements of fictitious name registration is crucial for compliance and successfully managing a business in Florida.