Is LLC Name Same As Business Name?

Can I LLC myself?

Creating an LLC is the simplest and easiest way to form a legal business, protect your assets and get ready to bring your entrepreneurial ideas to life.

When it comes to forming a company, you have a couple of choices: You can create and file the business yourself.

You can use a professional company formation provider..

Can I use my name for my business?

If you’re operating as a sole proprietorship (meaning you are running your business but you haven’t filed with your local government as an LLC or Corporation), you are legally obligated to use your given name in your business name. This is because you pay both your personal and business taxes as an individual.

Can you name your LLC anything?

Your LLC’s Name Can’t Be Similar to Existing LLCs in Your State. State LLC laws specify that your LLC’s name be unique in several ways, so you can’t just use any name you want and add “LLC” to the end of it.

How do I create a catchy business name?

How to come up with a business nameUse acronyms.Create mash-ups.Get inspiration from mythology and literature.Use foreign words.Use your own name.Take a look at a map.Mix things up.Partner with another company.More items…

A business name is simply an alias of the business owner. … Such a business entity is in fact and at law the same person as the owner(s). It does not enjoy separate legal existence nor can it own property. It is also neither capable of suing or being sued to court nor does it enjoy perpetual succession.

Can I use a business name without registering it?

Most people think that businesses have to register a business name. … You can always trade using your own name or your company name and it is not necessary to separately register a business name.

Does my LLC name have to be the same as my business name?

No, your LLC name does not have to BE your business name or MATCH your website name. Your LLC name is your company’s legal entity name while your business name is your brand name to market to your customers.

Should I name my LLC after myself?

An LLC that uses a personal name is no different than any other LLC. … But because an LLC that uses your name might be confused with you personally, it’s especially important to always use the initials LLC after your company name.

What are the 3 types of business entities?

Generally speaking, there are three basic types of legal entities in which business can be conducted: (1) sole proprietorship, (2) partnership, and (3) corporation.

Its legal status gives a company the same rights as a natural person which means a company can own, buy and sell property in its own name. It can also incur debts, employ staff, sue and be sued. A company name is the entities legal name that appears on documents like legal contracts or bank statements.

Why do you register a business name?

In addition to registering your business name with your state, you may need to register your business with the city or county where your business is operating. This name registration is called a “doing business as” or business license. The purpose is to let people know who owns your business.

What is the difference between business name and company name?

The difference between a trading name, business name and company name. A business name is simply a name under which you conduct a business. … A company is a separate legal entity registered with ASIC.

Is entity name the same as business name?

A Business Name is the name under which you undertake your business activities. It is also often referred to as a Trading Name. If you are a sole trader, your business name might simply be your first and last name, for example, John Smith. A Company Name on the other hand is separate legal entity registered with ASIC.

So, do you need to incorporate “LLC” in your logo? In short, the answer is no. In fact, none of your branding/marketing needs to include “LLC,” “Inc.” or “Ltd.” If it is included, this may look amateur. … Logos are an extension of a company’s trade name, so marketing departments don’t need to include legal designation.

How do I choose a name for my LLC?

How to Choose an LLC NameMake It Legal. The most important thing when you’re choosing an LLC name is to make sure it’s legal. … Make It Memorable. You want your LLC name to be something people can remember. … Make It Meaningful. … Make It Original. … Make It Distinctive. … Make It Domain Name Ready. … Make It Social Media Friendly.