You can use a trading name, but in order to prevent legal problems, you should register it with SSM. By registering a trade name, you can use a name that is accepted by the government and other organizations to conduct business. Additionally, it aids in separating your company from competitors with possibly similar names. However, it is crucial to remember that registering a trade name does not grant trademark protection. Is a Trademark for a Name or a Logo Better?
Your brand name, logo, and other distinctive elements that set your company different from the competition are protected by trademark registration. Trademark registration offers a higher level of protection and stops others from using your brand name or emblem for their business, whereas trade name registration only offers minimal legal protection. In order to safeguard your brand identification, it is advisable to trademark your company name or logo. Can two businesses share the same trading name? The same trading name cannot be used by two different companies. This is due to the first-come, first-served nature of trade name registration. Once a trade name is registered, another company cannot use it. If there is a dispute, the SSM will look into it to find out who registered the trade name first.
Yes, you are able to alter your trading name by submitting a name change application to the SSM. But there are rules that must be observed, such providing the right paperwork and making the requisite payments. The new trading name will be registered once the application is approved, and you may then start using it for your company.
In conclusion, registering a trade name is a crucial part of operating a business in Malaysia. It offers legal defense and aids in setting your company apart from competitors. It is crucial to remember that registering a trade name does not grant trademark protection, so it is advisable to register your company name or logo as a trademark. Additionally, no two businesses may use the same trading name, and if necessary, you may apply to have it changed.
A lone proprietor can use a trading name, yes. In actuality, it is typical for sole proprietors to employ a trade name or business name that is distinct from their given name. To make sure it is not already being used by another company and to safeguard the business owner’s legal rights, it is crucial to register the trade name with the Companies Commission of Malaysia (SSM).