When a business is being
planned, the selection of a business name is an important initial step. The
name should represent the product or brand, must have a proper registration,
and be protected. For online business it should have an available website and domain
name.
Tips for help in
selection of a business name are:
Important points for
business name selection
The business name
ideally should symbolize the product, brand, and the business ideology of the
owner. The name should also be appealing, exclusive, and for the option of
online business and advertisement, it must have an available website and domain
name.
Trademark search
Prior to the selection
of a business name, an online search should be made with the U.S. Patent and
Trademark Office to see whether the name is previously trademarked or not.
There are high penalties for trademark violations.
Will the business be
Incorporated?
If there are plans for
incorporating the business, filing office of the state should be contacted to
see whether the name is already being used or not. A same name can be used if
the products and/or services are different, or if the business is being
operated in a different locality or region.
Is the name suitable for
the Web?
For obtaining a website
address the business should be exclusive and unclaimed, should include keywords
denoting the type of business or the products or services.
Availability of an
unclaimed domain name should also be checked by online search before claiming
it.
Presence on the Social
Media
The business name should
also have its page on various social media websites like, Facebook, Twitter,
Pinterest, etc. The name must be distinct and not claimed by someone
else.
Business Name
Registration
The process of business
name registration is quite different from incorporation and protection for the
trademark. The business must be registered with the state government as “Doing
Business As (DBA)” or a trade name. It is a process of informing the state
government that the business name is different from owner’s
name/partnership/corporation.
Business name
registration is not required when the business name is the same as owner’s
name.
Trademark protection
The name of a business
is precious and needs proper protection. A trademark provides protection for
the business name as well as signs, logos, slogans, or symbols representing the
business or its products and services. Application for a trademark can be filed
with the requisite information and a nominal fee.
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