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Jul 23, 2024 · The official name of your company is likely to be your business’s ‘company name’, whereas the name you use operationally is your ‘trading name’. This article will outline the differences between the two so that you can effectively achieve your business aims.
- Table of Contents
- What Is A Company Name?
- What Is A Trading Name?
- What Is A Trademark?
- Company Name vs Trading Name: The Benefits
- Are There Any Restrictions on Using A Trading Name?
- Company Name, Trading Name Or Trademark?
When you register your business with Companies House, you are creating a limited company. Having a registered company name will demonstrate to both investors and potential customers that you are a legitimate operator. Under the terms of the Companies Act 2006, in order for a company to be accepted and registered with Companies House, it must abide ...
When you register a company name with Companies House, it means that no other company can register this exact name. But it doesn’t automatically protect you by trade mark law. Trading names do not have the same level of protection. To stop other companies trading under your business name, you’ll need to register a trademark. The definition of a tra...
A trademark is a legal symbol, typically a name, logo or slogan that distinguishes a company’s products or services from others. It serves as a form of intellectual property protection, meaning that it cannot be used by competitors. If you’re registering a company simply to protect the name, with no intention to trade, a trade mark could be a bette...
Despite the risks and potential restrictions, using a trading name is frequently favoured by many UK companies. There are a number of potential advantages to this approach: 1. Save time and money.Using multiple trading names under one company can reduce your admin, such as filing confirmation statements and annual accounts. This is because you woul...
As explained earlier, trading names do not have the same level of protectionas a registered company name. Here’s the main restrictionsaround using a trading name vs a company name: 1. If someone wanted to register your trading name as a limited company, then they would be able to do so. They could even prevent you from using it! 1. If you select a ...
Choosing a name for your business is not as easy as one might think – it takes some consideration. Your company name is the official name under which your business is registered, representing its legal identity. While a trading name acts as an aliasthat can be used for commercial purposes, it isn’t a legal title. Trademarks, however, go beyond iden...
Nov 16, 2023 · The main differences between a company name and a trading name are as follows: A company name is the official, legally registered name of the company, whereas a trading name is a secondary name used on a day-to-day basis for the-or-a-business that is run under the company.
Feb 12, 2019 · A trade mark is a sign which can distinguish your goods and services from those of your competitors. Registering a company name does not automatically protect it by trade mark law. Similarly,...
Sep 14, 2023 · Why do limited companies use trading names? There are several scenarios where a business owner may choose to use a trading name rather than the official company name: Multiple services. If a business grows and starts providing new services, the original company name may become outdated and potentially confusing.
Nov 15, 2022 · Companies sometimes use a different name to their official Companies House registration, or use the prefix “T/A” (trading as) in front of their name. It might sound unnecessarily complicated, but lots of businesses do this for perfectly legitimate reasons so we thought we’d explain what it all means.
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What if a company is using a trading name?
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Mar 6, 2024 · A trade name, also referred to as doing business as (DBA) name, is your business nickname for how your customers see your brand. If you want to trade under a different name from your company name, ensure you register a trade name for your business.
