How,Choose,Company,Names,Prior business, insurance How to Choose Company Names
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Prior to fixing a name for the company,an entrepreneur must go through the company names index hosted byCompanies House. This would help to ensure that the proposed name isnot the same or has little semblance to any existing registeredcompany. Also, a business house is recommended to check the UKIntellectual Property Offices Trade Marks Register to ensure thatthe companys name is not identical to an already-existingtrademark. Company Names: Important Rule toRememberThere are several crucial rules thatapply to the usage of company names. The following are certain pointsto remember regarding the particular company setup:Private Limited Company:Such a company name must end with limited.In case it is registered in Wales, it must end with cyfyngedig.The permissible alternatives include ltd and cyf.However, a company limited by guarantee may apply for an exemptionfrom these rules if:The business objective is thepromotion or regulation of education, charity, commerce, art orscience, religion or anything supplementing those fields.The companys articles mentionsthat: (a) the earnings will be applied to the promotion of itsobjectives (b) payment on dividends or return on capital to membersis prohibited (c) the members are required to contribute to businessassets if it fails while the person holds office or within a year ofservice termination. Private Unlimited Company:Such a companysetup may or may not end in unlimited. There is no compulsionto do so. Public Limited Company:Such a companys name must end with plc (withor without full stops) or with its full form. If the company isregistered in Wales, it should end with cwmni cyfyngedigcyhoeddus or ccc (no rule regarding the full stop). There are more controls over companynames set out in the Company and Business Names(Miscellaneous Provisions) Regulations 2009. Companies House ensuresthese restrictions on account of the Secretary of State. It will notincorporate a company if its name:constitutes offencesuggests connection with theQueens government, a local authority, specific local authoritiesor any devolved administrationcomprises a sensitive word, phraseor expression unless one is able to offer a supportive statement byan appropriate government department There are several such rules that applyto the usage of company names. It is best to seek professional helpand allow them to guide you through the process.CompanyFormations247.co.uk.is one of the most trusted agents in the UK, offering services atvery competitive prices.
How,Choose,Company,Names,Prior