They just changed their policies... apparently it will show your real name now... :( but hopefully they will grandfather past accounts... Otherwise it will make it unaffordable for small outfits to sell under a company name without incorporating. (and of course by our customers paying ~$1 per app, they have the right to know our legal names so they can track us down and call our mobile numbers and ask stupid questions!)
See below email from apple support received a few days ago:
Hello,
Thank you for contacting Apple Developer Program Support regarding the
iOS Developer Program.
My name is Maritza and I will be happy to assist you with your
inquires redrawing your wife enrolling under a new account.
Developers enrolled in the iOS Developer Program are no longer able to
set an Artist name in iTunes Connect. The artist name now defaults to
the individuals legal name as it appears on the membership. This means
you would not be able to set your artist name as "You Company Name", instead your name would show in the App Store. I
apologize for any inconvenience this may cause.
I hope you find this information useful. If you have any
questions or need further assistance, please contact us Monday through
Friday from 7:00 a.m. to 5:00 p.m. (PST) at 800-633-2152. We're happy
to help.
Regards,
Maritza
Apple Developer Program Support
If you live in the states, set up an individual LLC. It's pretty cheap ($150 or so) and you can do it online. It will also let you use your company name instead of your full name.