We will begin by conceiving and calling your company. It’s then time to think about the strategy for branding. Then, you’ll need to be aware of the naming guidelines to your business’s structure.
Brainstorm Business Names
Begin by thinking of at least 4 names you could think of. It is important to think of at least a couple of memorable and unique names. After that, we’ll help you ensure that your chosen names are in use.
Set a timer, and stop it when it is off. If you require more time then take the 15-minute break and begin your timer all over again. The more you can brainstorm more, the more productive.
Creative Brainstorming Techniques:
- Visualization. It may help you put your eyes shut and imagine yourself as a buyer in the kind of business you’d like to begin. What are the terms you’d be using to define the item, services, as well as the ambience? Consider adjectives you could use to describe that type of atmosphere.
- Word-association. Start by writing some random words. Write down words that connect the two words you wrote down to the mission of your business product, service, or. This exercise is designed to uncover ideas that have been buried.
- The Free Writer. Keep your pen on the paper until the timer is set. Don’t restrict your thoughts and don’t think about whether they’re good or not. Just keep writing.
- Make it personal. Use familiar experiences that relate to important memories, and the ways to help others feel the same by using the use of language. You can also make use of your name, your last name or the name of a mentor or the name of another person who is important to you.
- Rhymes. One popular form of word play that can assist you in locating the perfect business name is rhymes. Find words with similar sounds which are related to your business and combine them. For example, if you’re opening a laundry business you could name the place “Spinnin’ Linen.”
- Acronyms. An easy method of naming your business is to come up with a common business name , but making use of an acronym. An example of this is TRUIC -The Really Useful Information Company — where it explains the mission of the business.
- Synonyms. The most imaginative names originate from synonyms which can help be used to describe your company making use of more unique, similar words. One way to do this is to conduct an Google search on terms that refer to or describe your company. For example, if setting up a business as a makeup artist, you might consider words that refer to beauty. Some synonyms include stunning, beautiful and stunning.
- Mind Map. Begin with a circle that contains the words “my company Name.” Draw an outline of the main circle for each new concept. A web of thoughts will emerge as you brainstorm.
12 Questions to Ask Before Making A Choice About the Brand Name
Once you’ve come to a name now is the time to consider the most important aspects to consider when the name of a company.
12 Essential questions to ask yourself
- Does my name sound simple?
- What does the name sound like when I say it loud?
- Is the acronym easy to spell and pronounce? does the acronym appear nice?
- Is my company’s name shorter or longer?
- Did I put a geographical area within my title? Most of the time, you shouldn’t.
- What are the other opinions on the subject?
- How does the name stack up to other brands in the market?
- Does my name communicate my business’s mission?
- Did I keep my eye out for the latest trends?
- Does my name include mysterious words?
- Does my name sound too specific or literal?
- Does my name stick out?
Choose Your Branding Strategy
The next important decision to take is whether your business’ legal name will be the brand name, or if your brand is separate from the legally-registered name.
The majority of business owners prefer using the company’s legal name to brand their business.
There are Three Major Marketing Strategies:
1. The legal name of the business is also the name of its brand. If you’re creating an LLC or a corporation then you must be able to register your legal name when you file your documents for formation.
2. The business is registered under a legal name which is distinct from the brand’s name. If you decide to use another brand name, then you’ll require the form of a DBA (if permitted in the state you are in). To find out more, go to our step-by-step DBA instruction on Startupsavant.com.
You might want to consider using the DBA DBA to brand or rebrand Your Business
The majority of states permit the setting up of an DBA (doing business under the name). A DBA permits you to use a name that is different than the name that your company is legally registered under.
If you aren’t happy with your name first time around or when things change and make your name outdated it is possible to make the DBA trademark and then legally run your business under a different name.
DBA for The Business Structure of Your Organization
Business owners who are formal such as LLCs and Corporations may choose to set up different brands or change the name of their company by using the help of a DBA. The majority of sole proprietors and general partnerships require to file the DBA to establish an identity that is different from their name. Learn more about how to file the DBA for your specific state by reading our How to Filing an DBA Guide.
Second Step: Read Naming Rules for Your Business Structure
The choice of a business model for your business is a crucial step since various business structures have distinct name rules.
Business structures may vary from both formal and informaland is the method by which your business is organized and managed, as well as how it is taxed. The following are the rules for naming your business structure:
- Common formal business structures for businesses
- Limited Liability Companies
- C Corporations
- Business structures that are informal and common
- Sole Proprietorships
Limited Liability Company (LLC)
The formation of an LLC is the most efficient method to structure your business in order to safeguard the personal wealth of your employees in the event your company is sued.
To determine your state’s LLC name rules choose your state in the drop-down above.
General LLC Naming Rules
- Your name should include the word “limited liability company” as well as one or more abbreviations (LLC or L.L.C. ).
- Your name should not include words that might cause confusion for your LLC as a federal organization (FBI, Treasury, State Department and so on. ).
- The words that are restricted (e.g. Bank Attorney, University, etc.)) might require additional paperwork and a licensed person, for example, an attorney or doctor, to join your LLC.
The C Corporation (C Corp) is a separate legal entity separate from its owners. It has a basic operating structure that includes officers, shareholders, directors and employees. A business structure created by C Corp is a way to safeguard your personal assets.
For the state’s corporation name rules choose your state in the drop-down above.
Common Corporation Naming Rules:
- Your name must include the words “corporation,” “company,” “incorporated,” “limited” or an abbreviation of any of these words.
- Your business name should be distinct from all existing businesses in your state.
- Your name should not contain words that may cause confusion between your business and an agency of the government (FBI, Treasury, State Department and so on. ).
The sole proprietorship is the most simple type of business that is available in the United States. Sole proprietorships are a non-traditional business structure and doesn’t offer protection for personal assets.
Sole Proprietorship Naming Rules:
The company must run under the name of the proprietor. If you wish to use a different title in a sole-proprietorship the proprietor must submit an DBA (doing business under), also known as an assumed name, fictitious name or business name.
Partnerships that are general in nature are like sole proprietorships. The main difference is that a general partnership is made up of at least two people. The general partnership a formal business arrangement that does not offer personal protection of assets.
The General Partnership Name Rules
General partnerships must contain the names of the partners. Like sole proprietorships, for owners of partnerships, they need to be able to file the form DBA (doing trade under the name of) to make use of the name of a different company.
The term “S Corporation” refers to an S Corporation (S Corp) is a tax-efficient structure that is not a business entity. It is possible to call your business”S Corp “S corp” however it’s really an LLC or a corporation.
If your company has been taxed under the name of an S Corp, you should adhere to the state’s naming rules for an LLC or a corporation. LLC according to the structure of your business.
Step 3: Determine the availability of your business name. in use
The last step to name your company is to ensure that it’s distinctive on both the federal and state levels and also that it’s accessible as domain names.
Check out our specific state business name search guides to learn how to determine whether your business’s name is distinctive.
Federal Trademark Search
Then, a simple search of the U.S. Trademark Electronic Search System will reveal if someone else has registered your name. Once you have a good idea of whether the name is already registered and you are able to submit a trademark application for your business , however the cost can be excessive for a newly founded or fledgling company.
No matter if you’ll be registering, it’s important to be aware of whether your name has already been registered.