When trying to start a business ,take into account of the fact that you have to choose a business name either by thinking about it or by using a business name generator.
You also need to register that name to be able to enjoy the benefits of doing so.
Hi everyone my name is Timileyin and in this post i will be showing you why and how should you register your business name.
So let’s start with why you should register your business name
During the starting phase of one of my businesses, my self and my team were trying to get our business name registered so we went to the national library in Lagos Nigeria where we were then asked series of questions in which we of course provided answers to.
Registration of your business could come in two forms
If you are just trying to start your business and you do not know the legal form you want but you have a name, you can register it to save your time, you can always change it afterwards.
The second :
If you have a business run by you alone, it is advisable to register your business name but then it’s more important to register it with the state because a sole proprietorship is not registered any other way.
HOW TO ENSURE THAT YOU CAN USE YOUR BUSINESS NAME
Once you have an idea of what name you want to use, you need to be certain that no one else has chosen that name by checking the database of both the state and federal trademark database.
As confusing as registering a business name is , there are only two different processes involved in most cases.
The first is
registration with your state.
The second is
registration with your locality.
REGISTERING YOUR BUSINESS NAME WITH YOUR STATE
Registering your business with your state is essentially possible and gives only you the right to use that name provided you are within the state.
This registration is also valid when partnerships, LLC, corporations are being formed. Which means that you do not have to do another type of this registration again once you have done it before.
REGISTERING A BUSINESS NAME FOR A SOLE PROPRIETORSHIP
When registering your business name as a sole proprietorship, you don’t have to but you should reguster it with your state.
REGISTERING A BUSINESS NAME FOR A LIMITED LIABILITY COMPANY, PARTNERSHIP ORR CORPORATION.
If you run a limited liability company (LLC) or a partnership or corporation, you do not need to register the business name again because it’s been part of the process when partnerships are being madeand when limited liability companies are being formed.
REGISTERING YOUR BUSINESS NAME WITH YOUR LOCALITY
While registering your business with your state, you may also want to register in the city where the business is actually functioning. This type of registration is termed business license or ” doing business as”. And the purpose is to let people know that you run the business.
WHY SHOULD YOU TRADEMARK YOUR BUSINESS
The major reason why you may want to trademark your business is to see to it that no one else takes your business name.
Most people do this by creating a logo in graphic form using their name to make it more concrete.