Which of the following is NOT true about a sole proprietor operating a business in their own name?

In the context of a sole proprietor operating a business under their own name, it is important to understand the requirements relating to fictitious name filings and Tax Identification Numbers (TINs).

When a sole proprietor conducts business using their personal name, they are not required to file a fictitious name, also known as a "doing business as" (DBA) registration. A fictitious name filing is necessary only if the business name differs from the owner's legal name. Therefore, if the business is operating entirely under the owner's personal name, this requirement does not apply.

In addition, while a Tax Identification Number can be utilized by sole proprietors for tax purposes, it is not mandatory for all sole proprietors to obtain a separate TIN if they do not have employees and choose to report business income on their personal tax returns using their Social Security Number. This means that a specific filing for a business TIN may not be necessary in all scenarios.

This means that not needing to file a fictitious name and not being required to file a business-specific TIN shows that the assertions in the other choices are incorrect in the context of a sole proprietor using their personal name.