What is difference between business legal name and trade name?
A legal name is the name of a person or entity that owns a business . A legal name must be registered with a state government and includes a legal ending, such as an LLC or LLP, after the title. A trade name is generally considered the name a business uses for advertising and sales purposes.
What is a trade name for business?
A trade name is the official name under which an individual as a sole proprietor or a company chooses to do business . A trade name is commonly known as a doing business as (DBA) name . The Small Business Administration (SBA) website provides links to the specific trade name registration requirements in each state.
Can I use a name for my business?
Businesses can obtain nationwide trademark protection by registering a business name with the U.S. Patent and Trademark Office (USPTO). When starting a new business , it’s a good idea to search the USPTO’s online database for trademarked business names that are similar to yours.
How do I create a unique business name?
Use acronyms. A lot of major companies use acronyms instead of their full names – it’s easier to remember. Create mash-ups. Draw 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.
Can two businesses have the same name?
Because business names are registered on a state-by-state basis, the fact that a company in another state has the same name as yours is usually not a cause for concern. However, you are right in that there could be intellectual property issues (namely, trademark) when two companies have the same name .
Is a brand name the same as a business name?
A brand name is the name that you use to identify the family of products or services that you offer or a single line of products or services that you offer. In this example, the business name and brand name are the same . However, a business name and brand name don’t have to be the same . Many companies have many brands .
Does an LLC need a trade name?
LLCs are not required to have a trade name . However, many choose to use one. A trade name is also known as a fictitious name or DBA (doing business as). This name is the one the company does business under if it does not use its actual or “legal” name .
Can a company trade as another name?
It is possible to officially register a company name at Companies House, but then use one or more ‘ trading names ‘ as required by yourself or your organisation. Some companies trade under different names , with the name registered at Companies House belonging to the original company .
How do I name my small business?
10 Tips for Naming Your Startup or Small Business Think 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.
Does my business name have to be unique?
If you are satisfied that the name you want to use is unique within your industry, then you should feel pretty safe about using it. However, if you have found evidence that there may be another business that is already using your business name , or a very similar name , then you should be careful.
How do I pick a name for my business?
How to choose a name for your business Be descriptive but not too general or vague. Don’t choose a name that is too vague or too meaningful. Use related words in a creative way. Keep it simple. Don’t copy your competitors. Avoid using your own name . Choose a name that’s scalable. Make sure you have a related domain.
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.
What is a good name for a craft business?
How to name your craft business Craft n’ Creations. Happy Crafts. Handy Mandy. The Craft House. Craft Angels. Treehouse Crafts. Crafterina. The Art Box .
How do I come up with a brand name for myself?
Here are 5 tips from Michael Hyatt. Define your audience. Create a clear value proposition. Write a compelling brand slogan. Show yourself . Establish a look. Find your voice. Create an email list. Dial into the dialogue.