how to choose company a name
TRANSCRIPT
HOW TOCHOOSE ACOMPANY NAME
??
There are specific legalissues to considerbefore you move
forward.
You will need to registeryour company name
with ROC, the Registrarof Companies, Ministry
of Corporate Affairs.
It is important tonote that a company
name is not thesame as a business
name.
A company name is not the same as a business name!
A company name is a legal name and appears on all official documentsand legal papers. A business name, also known as a trading name isthe name that customers know your business by.
A company name can be the same as a business name however it ismost common that have a different legal and business name. Anexample of a legal name is ‘LawPath Operation Pty Ltd’ and anexample of a business name is ‘LawPath’. If your company name is notexactly the same as your business name then you must notify ASIC tolink the names.
You don’t have to use your business name when choosing a company.
Company NameAvailability
The first step is to check if yourproposed company name isavailable. MCA21 Name Availability can beused to confirm whether thename is available for registration
Acceptable CompanyNames
To be approved as a company name, itmust be unique and distinct from allother company names. It should not befalse, misleading, offensive, or otherwiseillegal matter.
It should not be false, misleading,offensive, or otherwise illegal matter.
What about identical orsimilar company names?
Legal disputes can result in cases ofidentical or similar company names.
It’s your responsibility to consider theproblems that a similar name could incur.
Trademark and Copyrights are alsoconsidered for the Name Approval of yourCompany.
Your Proposed Company Namewill be Approved if:
Prefix (First) word in the Company Name shouldbe distinct and unique example Expedia, Inbredia
The Name should not be misleading, obsceneor offensive to the public
The Name should be as per Ministry ofCorporate Affairs's Name Approval Guidelines.
The Name should must have a BusinessDescription in it example Travels, Apparels
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