When coming up for a business name for your LLC, it isn’t as easy as you think it would be. You have to take a lot of things into consideration before you make your final decision. If you follow the rules correctly, it can be the easiest step for you in the process. Here are a few things that you have to keep in mind when coming up with your business name for your LLC.
The necessities
It is required for your business name to include either ‘limited liability company’ or LLC. For example, McDonalds is officially known as McDonalds LLC. So, when you are thinking of a name for your business, try to consider this factor so that the name sounds and looks presentable all together. If you choose to go ahead with a business name that doesn’t include LLC or limited liability company in it, then your application for your LLC will get turned down, since you failed to comply with the rules.
What you cannot include in your name are terms that are linked to the federal and state government, such as FBI or police. You also cannot include words of certain fields such as banking or university. If your business is associated with the banking industry for example and you have someone who represents that field, then you can technically file out some paperwork to add it to your name. You can find out more about that online.
Will it be a legal name or brand name?
If you already have a legal name set up for your business, but you are looking for a brand name that’s considered as a nickname, then you need to file a DBA. However, a DBA cannot be filed in Kansas, New Mexico and South Carolina. Setting up a legal business name means that you have to set up an LLC and not a DBA. You DBA however, can be different from your legal name, since it is a nickname. Whenever you choose a name for your DBA or LLC, your name cannot be similar or the same as an existing business.
Get that domain
Once you have chosen your name for your LLC, it is not necessary, but instead highly advised for you to purchase a domain for a website with your name. It is highly recommended so that you do not have to face any complications in case someone else takes your name as a domain. Setting up a domain helps legitimize your business online, in case you want to expand your business on a virtual platform. Not only that, but you would also get a personalised email address, which makes your business look even more professional for when clients would want to contact you. This isn’t legally required, but it most certainly helps the image of your business as a whole.
Our say
It is generally important to follow the guidelines when coming up for a name for your LLC. If you are having trouble with coming up with a name or you would like to see what is available, you can always use a free name generator. By using a name generator, you can brainstorm 4-5 different ideas, as well as see which names are available and what they look like visually. You can then search it on a federal database to see if it is available there too. Getting an LLC can benefit your business in many ways, such as keeping your reputation clean and taking a work load off your shoulders.
You can also keep your personal assets and finances separate from your business, so that you can protect yourself in the long run from any lawsuits or potential damage within your company. Not only that, but you would have professional helpers and advisors who can help you every step of the way and handle your lawsuits discreetly.
