A company name is considered “equal” or “too similar” to another company name if it is so similar that it can confuse the public and make it difficult to distinguish between the two companies. – the reasons why you want to use this word – if the organization already exists, its current activities and future plans – the details of all royal or state associations – the details of the main members and the membership numbers – if the name represents a pub, proof of place and duration of existence – proof if the word is a surname When you start registering your business, Maybe you`ve found the perfect name for your new business. But what if the perfect name also belongs to that of a dissolved company? If you plan to use the name of a dissolved company, you need to ask yourself why the company was dissolved in the first place. If you have fulfilled your duty of care, you can confirm that the company of the desired name has been dissolved, that the name is not active in any other state or protected by trademark law at the federal level, and that the company that was the original owner of the name was not the one that will put your business in a bad light by using the name. Then you should be good to use the name if you still have to opt for it. The process is the same as a brand new name that has never been registered, can be done online in most regions, and is expensive. It can also happen when partners have fallen out and can`t agree on the future direction of a business. Directors could also close a business if they find it increasingly difficult to keep finances intact. In general, there should be no impact on the creditworthiness of your business, as the credit rating system is likely to be sophisticated enough to determine the difference between the previously dissolved company and your business. Each company has a unique registration number that does not change over time and allows Companies House to distinguish between companies, even if they use a previously used company name. The credit rating system will most likely be able to identify companies on this basis, rather than simply by their company name.
Dear Jill, Thank you for your message. There`s no reason why you can`t use a trade as name for your business as a logo. On your invoices, you must have the original name of the company as well as the trade name. Sincerely, Rapid Formations Team Our incorporation packages are available for limited liability companies or guarantee and limited partnerships with prices starting at £12.99 plus VAT. The registration process is done online without the need to sign or mail documents. Your new business should start at Companies House within 3 hours and you should start trading immediately after. As long as the form has been completed correctly, your application will be published in The Gazette, the government`s official public registry. Then, if no one objects to the dissolution of your company, your company will be removed from the commercial register two months after the publication of the notice in The Gazette. If you want to start such a business in the UK, the general rule is that if the name of your desired company has not already been used here, you can register it.
If you have selected a name, enter it in the free verification of the availability of the rapid training company name before completing your application for business creation. This tool checks the Companies House database to determine if your company name is available for registration. Finally, you need to check your company name against the trademark registry to make sure it is not registered as a trademark. Hello everyone, I opened a limited liability company and I just published ten years ago that a limited liability company with the same name as mine was dissolved with a mortgage in progress, and my first question is what impact this could have on the solvency of my new business? Before registering on behalf of a dissolved company, you should look for the following areas: Transactions concluded by the previous company will not be transferred to the new company. The two companies are legally considered separate legal entities, just as they are considered separate from the people who own and operate them. Choosing a business name is an exciting part of the business creation process, but there are a few important rules and restrictions to keep in mind. Below we describe the legal requirements and restrictions that affect your choice of company name and are set out in the following legislation: The following restrictions and requirements must be met when choosing a company name: If you do not meet all these conditions, you will not be able to dissolve your company. However, you may be able to liquidate it instead. hi, I wanted to ask, I chose a trade name but this one is already registered under someone else`s company name, I would be able to add uk at the end and use it for a trade name, I am in Manchester and the registered company is in the south. Hi Rachel, I`m thinking of splitting for my current limited liability company, but for FCA registration reasons, it would be much easier for me to take the current name of the company Ltd and then change it to what I need, which I understand, is easy. We would then have to create a new company Ltd for the other part of the current business, but the current name of the company Ltd suits them better. Is it possible and easy for the newly formed Ltd company to adopt the old name as soon as I have changed it and it is therefore no longer used? Thank you Jed Dissolving a business may seem like a dramatic option, but there are a number of reasons why it can happen.
Whether the company has achieved its goals and reached the end of its natural lifespan or financial problems have increased, dissolution is a way to close it. Is it recommended to have the same company name and the same business name? I searched for the company name and the trade name and both are available. In your opinion, would you recommend using the company name as the business name, or would it be better to have a company name other than the business name? Voluntary dissolution often occurs when directors decide that the corporation has fulfilled its original purpose and no longer needs to act. If the company name is still available, you can reuse the same company name because the company has been dissolved. However, in all respects, it will be a “new” company with a new company registration number and a new name (albeit with the same name as before), and the history of the company dissolved in Companies House will not be displayed for the new company. You can only register a company whose name is the same or similar to that of an existing company if: Dear Jay, Thank you for your message. We cannot comment on trade name issues, as we are not professionals in the field. I suggest that you discuss this issue with an appropriate lawyer. Honestly, a company`s legal name is a unique identifier that allows the government and the public to recognize the parties responsible for doing business.
It can be difficult to determine the availability of a name that has actually been abandoned by a company. Each state has its own procedures for determining whether a name can be considered abandoned and whether another company can use it. Constitutional officers who use electronic registration often have difficulty registering dissolved names. Much of their research, which queries the current and proposed lists (which also include recently dissolved companies) in Companies House, is unable to distinguish the status of companies returned in their searches.
