Choosing the right name for your LLC is an important decision. It needs to reflect who you are and what you do, but it also has to be unique enough to stand out in a crowded marketplace. Follow these tips to pick the perfect LLC name for your business.
Brainstorm Ideas for Your LLC Name.
Before you can choose the perfect LLC name, you need to brainstorm possible choices. Write down a list of words that have something to do with your business, such as the products or services you offer. Once you’ve written down these words, combine them into names that sound good and have meaning. You might even be able to find an existing LLC name that you like and simply adjust it slightly to make it yours.
Make Sure Your Desired LLC Name Is Available.
Before you settle on an LLC name, make sure it’s available. It can be frustrating to go through the process of picking the perfect name only to find out it’s already taken. To ensure that your desired LLC name is available, do a quick search on your state’s Secretary of State website or ask them directly if necessary. This way, you won’t have to worry about wasting time and energy only to find out your desired LLC name was unavailable.
Research the Similarity of Your Desired LLC Name to OtherBusinesses.
It’s important to research the similarity of your desired LLC name to other businesses in order to protect your business from potential legal conflicts. If you try and register a name that is similar enough to an existing company, there’s usually a good chance it will be rejected. So, take the time to go over the registered trademarks for entities shopping for similar products or services in order to avoid any conflict down the line.
Review Possible Regulatory and Other Restrictions on Naming an LLC.
Every state has statues, regulations, and requirements that could place restrictions on the name you choose for your LLC. These restrictions range from prohibited words to specific phrases or character combinations. Additionally, some states may require LLCs doing business in their jurisdiction to use a certain phrase within their names (e.g., ‘limited liability company’ or ‘LLC’). Therefore, be sure to check all applicable laws in the relevant state before settling on any particular name.
Monitor Whether Any Other Business Uses a SufficientlySimilar Position as Your Desired LLC Name
Monitor trademark and service mark databases to ensure your planned LLC name does not overlap with a competitors’ marks. Ensure the name you choose is unique enough to avoid inadvertently disclosing someone else’s confidential information or copying one of their trademarks. Furthermore, check state records to ascertain whether any other entity has already registered the desired name in that particular jurisdiction.