What Is The Difference Between Trade Name And Business Name?

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 important is a business name?

Your company name plays a monumental role in a brand’s growth and perception, meaning it can completely make or break a company. It’s amazing how crucial a name can be. It plays a monumental role in a brand’s growth and perception, meaning it can completely make or break a company.

How much is a trade name?

When filing an application to trademark your business name on a federal level through the USPTO, you should count on paying between $225 and $600. According to the USPTO website, the trademark fees you’ll pay depend on: The number of trademarks you seek. The class of goods and services you intend to trademark.

The business name is the legal name of the entity. Owners often register a trade name under which to operate their business. … For example, John Smith owns a small business with a trade name (or DBA – “doing business as”) Smith’s Accounting Services.

Can I use a company name that already exists?

Trademarked names are registered with the U.S. Patent and Trademark Office (USPTO) and are protected nationally. If a business name is already trademarked, you are prohibited from using it even if the company operates in a different state to yours.

How do you create a trade name?

How to Register a Trademark for a Company NameTo register a trademark, go to the U.S. Patent and Trademark Office’s Web site, www.uspto.gov.Don’t add a domain extension to your trademark to prevent others from registering the same name by adding another extension.

Do you need a trade name?

Corporations must operate business under their full legal names as they are registered. This includes the legal ending. If a corporation wishes to do business under a name that is different in any way, trade name registration is needed.

Can I use a trading name?

A business wishing to trade as a UK company must be registered at Companies House. … A company may only have one registered name, but can have multiple trading names, as required.

Can you sue someone for using your business name?

Trademark. Trademarking your business name gives you more protection than just registering it. Once you’ve trademarked it, you can sue anyone who infringes on it. Even a name that’s not identical can infringe if it’s close enough to confuse your customers.

What happens if someone trademarks your business name?

If someone uses your name, simply showing proof that you’ve trademarked the name could be enough to convince a business to choose something else. Most importantly, if you must go to court, you’ll have legal proof that you registered the name. However, you don’t have to trademark your business name to protect it.

Can I use a business name without registering it?

Most people think that businesses have to register a business name. … You can always trade using your own name or your company name and it is not necessary to separately register a business name.

What is the difference between company name 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.

The legal name of a business is the official name of the person or entity that owns a business. If you are the only owner of your business, then its legal name is simply your full name. … For limited partnerships, LLCs, and corporations, the legal name of the business is the name registered with the state filing office.

What is a trade name in a 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.

What is a trade name example?

A trade name is generally considered the name a business uses for advertising and sales purposes. A trade name is sometimes referred to as a “fictitious” or “doing business as (DBA)” title. For example, “McDonald’s” may be the trade name, but the legal name is “McDonald’s Corporation.” A trademark is a brand name.

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 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.

What is the benefit of registering a business name?

Registering your company name helps you start creating a brand identity. When you register your business name you can check whether the name you want to use is unique and not similar to an existing company name or trademark.

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 my business name be my name?

Limited liability companies can use personal names in a variety of ways: first names, last names, initials plus a last name, or a personal name that’s only part of the business name, such as “Joe’s Bar and Grill.” You can also form an LLC under a different name and use your personal name as your DBA or “doing business …