Selecting a name for your brand that distinguishes you from rivals is one of the first stages in beginning a new business. Make sure your chosen business name is available and reserve it for your usage before using it formally. In this post, we’ll go over how to reserve a name, whether or not you should trademark your business name before forming your LLC, the cheapest way to do so, and whether or not having an LLC requires a business license. The Best Way to Reserve a Name for Your Company Depending on the state in which you intend to do business, there are several procedures for reserving a name for your company. To confirm that the name you desire is available, you’ll typically need to search the state’s business name database. If so, you can do so by submitting a name reservation application and making a payment. This secures the name for a predetermined amount of time—typically 120 days—allowing you enough time to register your company and submit the required documentation. Do You Need to Register Your Business Name as a Trademark? While it’s crucial to reserve a name to ensure that no one else does, doing so offers no legal protection for the name of your company. Consider trademarking your company name if you want to safeguard your brand. In addition to granting you the sole right to use your company name and logo, trademarking can also help stop others from using a name or logo that may confuse customers.
Should You Register Your Business Name as a Trademark Before Creating an LLC? It’s normally advised to trademark your company name before creating your LLC, but you can do it any way. This is due to the fact that if your trademark application is denied, you’ll have to start the procedure over with a different name. Before spending time and money to create your LLC, you may make sure your name is available and complies with trademark regulations by trademarking it first. What Is the Cheapest Way to Register a Trademark? Self-filing a trademark application is the least expensive approach to register your company name. The process can be difficult and drawn out, and there’s a greater chance of mistakes or omissions that could cause your application to be refused. Utilizing a trademark lawyer or agency to submit your application on your behalf is an additional choice. Even though it could cost extra, doing this might save you time and offer you confidence that your application is in the hands of experts. If you have an LLC, do you need a business license? Yes, if you have an LLC, you probably require a business license. The particular licenses and permits you require will vary depending on where you are located and the kind of business you are doing. To learn what licenses and permits are necessary for your business, contact the state and municipal governments in your area.
In conclusion, choosing a name for your company is a crucial first step, but it’s only the beginning. You might need to trademark your company name, form an LLC, and acquire the required licenses and permits in order to protect your brand and make sure your business is running lawfully. You may start your business out on the right foot and position yourself for success by adhering to the procedures indicated in this article and seeking professional guidance if necessary.