For purposes of the Oregon
statutes, the term "assumed business name" means one or
more words or numerals (or a combination of words or numerals) that
a person uses to identify a business or conducts a business under,
where the person does not conspicuously disclose the "real
and true name" (surname and initials) of each person who is
carrying on or conducting the business. Further, any name that suggests
the existence of additional owners such as "& Company,"
or "& Associates" or a similar word or phrase is an
assumed business name. Oregon law requires that any person conducting
or transacting business under an assumed business name register
that name. Registration is done by filing the required form, together
with the fee, with the Office of the Secretary of State. No person
who carries on or conducts a business in violation of the assumed
business name registration statutes may maintain a lawsuit for the
benefit of the business. Certain penalties may apply where a plaintiff
incurs costs to determine the real and true name of a defendant.