The differences are important and should be corrected where possible. Every business owner should take the time to verify that main agencies (State, IRS, Bank, and 411 national directory) have their business listed the same way and with the Exact Legal Name. Also, they should take the time to ensure every bill (power bill, phone bill, landlord, etc.) has the business name listed correctly and comes to the business address. All applicable business tax returns must have been filed for a business owner to have a credible foundation. There cannot be any derogatory public records for the business including no liens, judgments, or Lis pendens against the business. Many lenders will also want to see a business model when the business is applying for higher amounts of funding.