Should I Put My Name In My Business Name?

What is the difference between a company name and a trading name?

When you register a company name at Companies House, it is protected by law so no other business can use it.

Trading names do not receive this protection, which means that if someone wanted to register your trading name as a limited company, they could do so, whilst also demanding that you stop using it..

What does Enterprise mean in a business?

Enterprise is another word for a for-profit business or company, but it is most often associated with entrepreneurial ventures. People who have entrepreneurial success are often referred to as “enterprising.” There are many forms of legal enterprises, with the most common in the U.S.

How do I name my small business?

10 Tips for Naming Your Startup or Small BusinessThink about what you want your business name to convey. … Brainstorm to identify name possibilities. … Keep the name short, simple, and easy to write and remember. … Avoid names that are too narrow or too literal. … Avoid decisions by a committee but do “test” your company name with others. … Avoid plain words.More items…

Can I LLC myself?

Creating an LLC is the simplest and easiest way to form a legal business, protect your assets and get ready to bring your entrepreneurial ideas to life. When it comes to forming a company, you have a couple of choices: You can create and file the business yourself. You can use a professional company formation provider.

What is a good LLC name?

LLCs. An LLC’s legal name usually has to include words like Limited Liability Company, Limited Company; or abbreviations like L.L.C., LLC, L.C., LC, or Ltd.

What is the difference between an enterprise and a business?

A business enterprise is always a for-profit entity, while, a company can be a not-for-profit too. Of course, the other difference can be traced back to the nature of ownership. … A company, on the other hand, is an entity on its own, governed by the concept of going concern, and is bigger than the persons who formed it.

Does a company name have to be unique?

A strong business name is created and designed for a specific, unique company, so by default, yes, your business name should be unique. Not only will a Unique Business Name help you pass trademark conflicts, it will also help your business stand out in the sea of competition.

Should I get an LLC for my small business?

If you have a business – either a sole proprietorship or partnership – you should seriously consider setting it up within an LLC. It will provide you with similar legal protections to a corporation, but enable you to run your company as a small business.

How can I add my name to a business name?

How to come up with a business nameUse acronyms.Create mash-ups.Get inspiration from mythology and literature.Use foreign words.Use your own name.Take a look at a map.Mix things up.Partner with another company.More items…

How do I pick a name for my business?

Here are 12 helpful suggestions on how to come up with a winning name for your business:Avoid hard-to-spell names. … Don’t pick a name that could be limiting as your business grows. … Conduct a thorough Internet search. … Get the .com domain name. … Use a name that conveys some meaning. … Conduct a trademark search.More items…•

What are good company names?

Here are some examples of interesting company names and the backstories behind them.Google. The name started as a joke about the amount of information the search engine could search, or a googol of information. … Hotmail. … Volkswagen. … 4. Yahoo. … Asus. … Cisco. … Canon. … Coca-Cola.More items…•

How do start my own business?

Conduct market research. Market research will tell you if there’s an opportunity to turn your idea into a successful business. … Write your business plan. … Fund your business. … Pick your business location. … Choose a business structure. … Choose your business name. … Register your business. … Get federal and state tax IDs.More items…

How do the owners of an LLC get paid?

As the owner of a single-member LLC, you don’t get paid a salary or wages. Instead, you pay yourself by taking money out of the LLC’s profits as needed. That’s called an owner’s draw. You can simply write yourself a check or transfer the money from your LLC’s bank account to your personal bank account.

Should I name my business after myself?

According to Alexandra Watkins, founder of Eat My Words, a company that creates brand names for clients, you should not name your business after yourself. … They just aren’t memorable, imaginative names.

Can I use the word Enterprise in my business name?

When choosing a business name, keep the following tips in mind: … Don’t use the word “Enterprises” after your name; this term is often used by amateurs.

Should you use your name in an LLC?

Like all LLCs, it must have a unique name, and you must file articles of organization to set one up. But because an LLC that uses your name might be confused with you personally, it’s especially important to always use the initials LLC after your company name. Get help forming your LLC with LegalZoom.

What are some company names?

Here’s a list of some of the biggest brands you may not have known any other way.Quantum Computer Services » AOL. … BackRub » Google. … Sound of Music » Best Buy. … Apple Computers » Apple, Inc. … Research in Motion » Blackberry. … Brad’s Drink » Pepsi-Cola. … Tokyo Tsushin Kogyo » Sony.More items…•