If you’re an entrepreneur, you might wish to launch all of your business ideas under one umbrella organization. The good news is that an LLC allows for the use of various business names. There are, however, a few crucial things to remember.
A sort of corporate structure that shields its owners from personal liability is an LLC, or limited liability company. Small business owners frequently choose it since it’s simple to start up and maintain. Can one LLC, however, house many businesses? Yes, it is the answer.
You can register all of your business concepts under one LLC if you have several. You won’t have to set up different corporations or submit separate tax returns, which can save you time and money. You must, however, ensure that each business is connected to the others in some way. It might not be a good idea to register both your restaurant and your clothes business under the same LLC, for instance.
It’s also crucial to remember that the Secretary of State’s office in your state requires that each business name you use be registered. For each name you intend to use, you must submit a DBA (Doing Business As) or fake name statement. Check with your Secretary of State office for the particular criteria as this procedure differs by state.
If they are associated with the primary business of your LLC, then you may register more than one business name. If your LLC sells garments, for instance, you might register a different business name for your accessory line. However, it’s advisable to create a distinct LLC if you wish to launch an entirely unrelated firm.
The name of another person cannot be trademarked. Brand names, logos, and catchphrases can all be protected by trademarks. You may be violating someone else’s trademark rights if you use their name for your company. It’s better to choose an original name for your company or to utilize one that is already in use by the general public.
In conclusion, as long as they’re connected to the primary firm, it’s possible to have many business names under a single LLC. To ensure you are not violating anyone’s trademark rights, you must register each name with your state’s Secretary of State office. It’s a good idea to speak with an accountant or attorney before deciding to register numerous business names to ensure that it’s the best option for your company.