The first step to creating your small business is choosing the right name. The name should represent your industry, field or expertise while being catchy, memorable, and relevant to your customers or clientele. However, there are a few simple steps to consider before registering an official name for your future business.
Most start-ups are internet related and which have the most important property is the domain name and website or any app. You have to always find the domain name before choosing your company name. Sometimes most popular TLD domain like .Com is not available but you can choose a domain name where most of the popular old domain is available.
First impressions count - customers may infer a lot from your business name.
While it may be tempting to try to stamp your individual personality on your business name, there are many other issues to consider. Being objective and choosing a name that reflects your business strategy can be more valuable, especially as your business develops.
This guide shows you how to create the right impression, display your business name, consider whether your business name will be your brand and get your name on the web. It also outlines the specific rules that you must follow when choosing a company name for a limited company, limited liability partnership, sole trader or partnership.
Your business name will be the cornerstone of your brand. When choosing a name for your business, you should think about the following points:
If you have decided to form a limited company or limited liability partnership (LLP), you must register your name and other details with Companies House.
Company and LLP names - the rules
To make sure the name you choose is acceptable, ensure that your name:
You should ensure your proposed name is not the same or very similar to a registered trade mark.
You can make a complaint about a company or LLP name to Companies House if:
You can also make a complaint about a company or LLP name to the Company Names Tribunal at the Intellectual Property Office if you believe the name has been chosen for opportunistic reasons.
People operating as sole traders or in general partnerships can trade under their own names, or choose a different business name.
If you decide to use a business name, it must not:
If you register a limited partnership you must include either 'Limited Partnership' or 'LP' at the end of your business name.
Before using your chosen name, check that it isn't already being used.
If a sole trader at the other end of the country is using it, there may not be a problem. However, if another local business, company or national firm is using it, you should choose a different name.
You should do the following checks:
These are words that might give a false impression about your business.
The rules about sensitive words apply to all types of businesses and fall into five main groups:
Every business must display its business name - and other details - to inform customers and suppliers who they are dealing with. You should not print your stationery until you're certain your proposed name is acceptable.
You must display a sign with your company or LLP name:
You must also include your company's or LLP's registered name on all hard copy and electronic business correspondence including:
You do not have to state directors' names on business letters unless you want to do so. However, if you do decide to include directors' names, then you must state all the directors' names.
If you are an LLP with more than 20 members, you don't need to display the members' names. However, you must keep a list of members at your principal place of business and state that the list is available for inspection.
Displaying a name online
If your business has a website, you must display:
Even if you are not intending to create a website for your business immediately, you'll probably be using email and want to have a presence on the web at some point in the future.
Choosing a domain name
The website address - for example, my-new-business.co.uk - is known as a domain name. For most businesses based in the UK, a name ending with .co.uk is suitable. Your email address will normally include this name - for example, enquiries@my-new-business.co.uk.
Businesses and individuals that meet certain criteria can apply for the .eu domain extension - for example, www.my-new-business.eu.
If your business is active in other European Union countries, the .eu domain name can help you market your company as a pan-European business.
To reserve a domain name for your business, you need to register it through an agent, who will charge a small annual fee. You should do this as soon as possible - even if you're not going to use your domain name straight away.
Registering your domain name