What comes first, an LLC or a trademark? is a common question asked by business owners. Both are crucial components of managing a prosperous company, but the solution is not simple. What they protect, how they differ, and which comes first will all be covered in this essay.
A limited liability company (LLC) is a type of corporate entity that shields its owners from being held personally liable for the debts or legal problems of the company. An LLC does not offer trademark protection and is not a trademark. A trademark, on the other hand, is a term, phrase, symbol, or design that identifies and sets one party’s products or services apart from those of others. A trademark might be a phrase, name, slogan, sound, or even odor.
You must file a trademark application in order to safeguard your company name. You have the only right to use your trademark in connection with the products or services you offer throughout the entire country if you register it with the United States Patent and Trademark Office (USPTO). This stops other businesses in the same field from using a mark that is identical to yours, which may lead to consumer misunderstanding.
Now, in regards to the query of whether a sole proprietorship in Ohio requires registration, the response is no. A sole proprietorship cannot be registered because it is not a distinct legal entity. However, you must file a trade name registration with the Ohio Secretary of State if you are using a business name other than your own legal name.
Even though a sole proprietorship is exempt from registration requirements, it’s still crucial to safeguard your company name. By registering a trademark, you can stop others from using a name or logo that is similar to yours, which could damage your reputation and business.
You must acquire all required business licenses and permits, register your trade name if appropriate, and acquire all required tax identification numbers before you may launch a sole proprietorship. In order to shield you and your company from potential liabilities, getting business insurance is also advised.
Finally, while both an LLC and a trademark are crucial components of operating a successful business, they have different functions. A trademark safeguards your company name or logo, whereas an LLC shields you from personal liability. Even if you are a lone proprietor, you still need to register a trademark to safeguard your company name.
In Ohio, you can operate a business from your home. Home-based enterprises are permitted in Ohio provided they adhere to state and federal regulations, receive the required permits and licenses, and comply with zoning restrictions. The creation of an LLC and trademark registration, however, are different procedures that need be taken into account in addition to adhering to state and municipal requirements for running a home-based business.