- What is the difference between company and business name?
- Can I name my business anything?
- What are the disadvantages of registering a company?
- How do I protect my business name?
- Can a company trade as another name?
- How much is business name registration now?
- Can I use the word royal in my business name?
- Does a company need to register a business name?
- What is the advantage of registering a business name?
- Can 2 businesses have the same name?
- How do I name my small business?
- How do I choose a name for my business?
- Can I run multiple businesses under one company?
What is the difference between company and business name?
The difference between a trading name, business name and company name.
A business name is simply a name under which you conduct a business.
A company is a separate legal entity registered with ASIC..
Can I name my business anything?
Generally, as long as no one else in your state is using that business name, you can call your company whatever you like. Names are doled out on a first-come, first-served basis. … That said, you can run into trademark issues if your business and another’s fall within the same category or are substantially similar.
What are the disadvantages of registering a company?
The disadvantages of a private company: You may need to audit or review your financial records every year. Shares cannot be offered to the public and you can’t register on the stock exchange. There are many legal requirements which are best attended to by a professional.
How do I protect my business name?
Protect Your Brand Name in 5 StepsRegister your domain name. Domain names are an important part of any business brand today. … Trademark your business name and logo. … Use your brand. … Monitor your brand. … Deal with infringement immediately.
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 much is business name registration now?
The Corporate Affairs Commission (CAC) has announced a reduction in the cost of business name registration. A business name will now be registered at the cost of N5,000. The service previously attracted a fee of N10,000.
Can I use the word royal in my business name?
Using the word ‘Royal’ in a company name The use of the word ‘Royal’ is prohibited, as is the use of the following associated words: King, Queen, Prince, Princess, Duke, Duchess, His/Her Majesty, and Windsor. … This could unfairly boost the image and status of a business.
Does a company need to register a business name?
You need to register a business name if you conduct business under a name other than your own. A business name, also known as a trading name, is a name or title under which a person, or other legal entity, carries on business. … give you other helpful information related to business names.
What is the advantage of registering a business name?
The company has the advantage of knowing that their business name is protected from competitive usage within their State territory. Registering with the State, also gives companies legal liability protection. If business is incorporated, no one can legally go after business owner’s personal assets.
Can 2 businesses have the same name?
A company cannot have the same name as another registered company. Any company formation or change of name application containing a company name that is the ‘same as’ or ‘too similar’ to an existing name will be rejected by Companies House. These rules exist to protect the general public from being misled or confused.
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…
How do I choose 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…•
Can I run multiple businesses under one company?
Yes, a company can register for multiple businesses, but it depends on whether the activities are related or not. The company can carry more than one activity with the consent of the members. However, all the activities which are listed should pertain to the main business of the company.