Your question: How do I own my business name?

Registering a trademark for a company name is pretty straightforward. Many businesses can file an application online in less than 90 minutes, without a lawyer’s help. The simplest way to register is on the U.S. Patent and Trademark Office’s Web site, www.uspto.gov.

Do I need to buy my business name?

California doesn’t require LLCs to have a fictitious business name. However, you should use one if you plan to operate your LLC by a name other than its legal business name and you don’t want to file an amendment to change your business name.

What is the value of a business name?

A business name can be a company’s greatest asset. It serves as a symbol of expertise, customer service, and company identity. Rarely do individuals just want to buy the name of a business. Generally, transferring a company from one party to another will consist of selling both the business and its name.

What is the difference between a business name and a 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.

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Does my company name have to be unique?

A company must register its name with every state in which the business operates. One of those states will be the home state, or state of incorporation, of the company. The company must choose a name different from any other name already registered in the home state.

Should I name my business after myself?

What do you think? Don’t Name a company after yourself, unless… 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.

What happens if someone trademarks your business name?

If the other business has a trademark, the current owner can infringe upon this legal protection by using the same company name. … If there is a trademark in place for his or her company and someone else created a new entity with the same name, this owner can pursue a legal claim and contact a lawyer for a legal remedy.

Can two businesses have the same name?

Can Two Companies Have the Same Name? Yes, however, certain requirements must be met in order for it to not constitutes trademark infringement and to determine which party is the rightful owner of the name.

Filing a trademark for your business name with the U.S. Patent and Trademark Office (USPTO) will cost between $225 and $600, plus legal fees. You can register with most states for $50-$150 if you don’t want protection outside your state.

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