Which statement is NOT true about a fictitious name registration?

A fictitious name registration is an important legal mechanism for businesses operating under a name that is different from their legal entity name.

The statement about the fictitious name registration being valid for 5 years is true, as registrations in Florida generally have a duration of five years before they require renewal. Furthermore, the requirement to advertise the fictitious name at least one time is a necessary step in alerting the public of the business's trade name, ensuring transparency. Lastly, the renewal process must occur within the designated timeframe between July 1 and December 31 in the expiration year, reflecting the procedural requirements set by the state.

In contrast, the statement regarding filing a cancellation and new registration within 45 days of a change of ownership is not accurate. While changes in ownership do require attention to the fictitious name registration, the specifics of the time frame and the circumstances around such changes might differ, leading to confusion with other regulatory processes. Recognizing these nuances is crucial for maintaining compliance with state regulations regarding fictitious names.