Suggestions for Selecting Your Company Name Prior to Incorporation
If you are preparing to incorporate your startup, choosing the correct name is 1 of the numerous essential decisions you will need to make. Your Secretary of State will not permit you to file your Articles of Incorporation if you choose a corporate name that is too comparable to one that currently exists in the state, but you also want a name that communicates what your business is and helps you develop your new brand.
Prior to you incorporate, right here are some tips for selecting a winning business name.
1. Don't appear for too much input
Many entrepreneurs turn to family, friends and even workers for help choosing a name before they type an LLC or incorporate their business, but this can be a error. Not only will you probably alienate individuals when you can only choose one name, you will also likely end up with a extremely boring and "vanilla" name that won't assist you develop your brand. If you want to get other people involved, attempt to concentrate on just a couple of important people with a mix of brains and creativity.
2. Don't try to get catchy by combining words
It's not uncommon for entrepreneurs who are pressed for time to attempt to force a catchy name by combining an adjective with a noun, for instance, or utilizing truncations like Ameri, Tech or Corp.
3. Avoid regional references
Naming your business after your state or city may appear like a fantastic idea, and it will most likely assist at first -- until you begin to develop and expand, at which point it confuses clients and hurts your business. Just appear at Kentucky Fried Chicken, for example, which became just KFC, or Minnesota Manufacturing and Mining, which transformed into just 3M.
ideas for company names
4. Think intuitive
Prior to you incorporate your company, ask your self, is your name simple to spell and pronounce, and will clients know what you do when they hear it? If your business name is as well obscure or complicated, you will merely be a mysterious company to your potential clients and you will have difficulty reaching out.
5. Incorporating an existing business?
If you are going to incorporate or form an LLC from an existing company, you may want to just add "Inc." "Corp." or "LLC" to the name to maintain your brand and avoid any confusion with customers.
6. Get your name correct the initial time...
If you do not choose your new corporation name carefully, you might be required to change it. This indicates you will need to amend your Articles of Incorporation, change the domain name, get new listings in directories, change stationary and try to navigate through the confusing mess of re-branding your business.
7. But know when it's time to alter it
This isn't to say that you shouldn't alter your company name following you incorporate. Numerous business owners eventually realize their name isn't working but hope it will magically right itself. If your name isn't operating, you will have to place the work in to get it changed.