Can My LLC Just Be My Name?

Many business owners are unsure if they can just use their name as the company name when creating a limited liability corporation (LLC). Yes, you can use your name as the name of your LLC, to give the quick answer. Before making this choice, there are a few things to think about.

First of all, operating under your own brand entails utilizing your name as the name of your LLC. This may be helpful if you already have a solid reputation in your field, but it may also restrict your capacity to build your company beyond your personal brand. Additionally, if you intend to sell your company in the future, utilizing your personal name might not be the greatest choice.

There are a few various ways you can pay yourself through your LLC. You have the option of paying yourself a salary as the LLC’s owner or receiving distributions from the company’s earnings. The best method to pay yourself tax-efficiently and to make sure you are adhering to all legal obligations is to consult with an accountant or financial counselor.

If you intend to use a name other than your own for your LLC, you might want to think about establishing a DBA (doing business as). With a DBA, you can operate under a different name while still benefiting from your LLC’s legal protection. If you want to give your company a unique brand identity, this can be useful.

There are a few considerations to make while selecting an LLC name that is memorable. Your name should be catchy, simple to say and spell, and appropriate for your type of business. Avoid giving your company names that are extremely intricate or too similar to those of other companies in your field.

Overall, it is crucial to carefully evaluate the consequences of your decision whether you decide to use your personal name for your LLC or anything else. Making the right choice for your particular scenario can be made easier if you consult with a company attorney and financial counselor.