When starting a business, directors must be appointed, a location registered, and a bank account opened to collect payments. It’s high time for you to think that you need to register my company name. Protecting your company’s name may seem easy. However, protecting your company’s image involves various considerations.
This article will guide you through registering the perfect business name.
Learn whether the company name you want to use is already taken
Before naming your organization, check its availability. It would be heartbreaking to choose a name just to find out another firm already using it.
Three primary elements determine if a possible business name is already in use.
Start by checking Companies House for the required name. Next, check whether a trademark has been filed for a name identical to your prospective company’s. Register a company domain name next.
Now that we know what to look for, let’s go through each step to protect your company’s identity.
- Firstly, has your company name been filed with Companies House?
Whether you plan on forming a limited liability company, you should check the Companies House database to see if the name you want to use is available.
Companies House can help you find a company name. First, verify whether another firm is using the name.
Two extra things to consider while registering a company name. Make sure your name isn’t taken, derogatory, or restricted by law. Other than that, don’t name your company too similar to another.
Naming a firm requires no official assessment. You may use any name. The few widespread exceptions are:
- You should avoid picking a name that sounds too similar to an existing brand.
- Obviously, you can’t use someone else’s taken name.
- Names that are considered sensitive or restricted should not be used.
If none of the following applies, you may use the name.
After choosing a name, act quickly. You don’t want to miss a possible acquisition target’s name as new UK firms spring up every day.
Choose a company name with the knowledge that the name you love today may not be available next week.
- Secondly, you should check to see whether the name you’re thinking of using has already been trademarked.
Checking for trademarks is the second stage in securing a trading name for your company. Trademarks are “badges of origin” that identify your items to purchasers.
Trademarks influence customers’ purchases and may generate brand loyalty.
Visit the IP Office to confirm your name’s legality. You may check whether your proposed trademark name is available here. Exclude it from a new trademark application. This is essential for trademarking your company name.
Manually checking trademarks may take time. You must search many media. Use Google, social media, app stores, company directories, and the UK trademark register.
Before assessing the risk and writing your report, you must analyze all the facts. Such a search is the only method to confirm whether a chosen name is in use or trademarked.
A solicitor with machine learning and AI skills may search a wide range of online directories and registers in seconds, reducing the risk of missing a result and lowering trademark clearance search costs.
Even if you pick a unique business name, your brand’s visual design must be different to prevent customer misunderstanding. Your firm might be sued for passing off.
- It’s important to double-check that the domain name you desire isn’t already in use.
Businesses must be online nowadays. It’s crucial that customers can find your offline company or service online. Domain and company name.
Missing a confusingly similar domain name might hinder brand visibility and customer base.
One of many reputable domain name suppliers can check domain name availability.
You must purchase the domain name. Annually. Remember that some firms charge less for domain registration the first year but significantly more in the subsequent years.
Reconsider your company name if you can’t register a domain name if online real estate is pricey.
For help with registering a company name or registering a business in Cyprus, you can feel free to contact Fintech Harbor Consulting.