A person can think of a great business in the weirdest situations or places. Those who may have thought of a business name for their idea may want to make sure that the business name is reserved for them. To do that, they should reserve that business name with Companies House so that it would be in the central register. With this, the name is protected and no other party can use it.
If another party thinks of the same business name and decides to use it, the first person who reserved the company name can protest against the other party that used the name, or any other name that is similar to the registered business name. Of course, if another person only thought of the name and did not register it with Companies House, they cannot file a complaint.
Can a business name be reserved if it is not registered?
A lot of people think that when they think of a business name, it is already theirs without any registration. Some have a business name already but have yet to set up the actual business. It is important to understand though that in the UK, a business name is reserved only if it is registered. If it has not been registered, it is open for registration by just about anybody.
Of course, a company does not happen overnight. There are tons of tasks to focus on and accomplish. Registering the company name with Companies House should be at the top of the list to make sure that this is not used by any other party. Registering the name should be done with the formation of a limited company so the name would be solely the registrant’s.
Can a non-trading company be registered while the business owner is not yet ready to start one?
Most often than not, people would come up with the best business name even if they are not yet ready to get into starting the business. They only want to make sure that the business name is reserved for them alone. The action trading and operation of the company may come later on as there are a ton of things to take care of before this happens.
The only way that a company name is reserved for an individual is if the limited company is registered. But there are non-trading formation services that can be used so the name is reserved for them. Such services are offered by some companies and they will manage the registered company for the meantime while the person who registered it takes care of all things that are needed for the business’ operations. By using this service, business owners can be well prepared when the business actually operates. The businesses that offer such a service can register the company for the person who has thought of it and may even do the annual return submissions as well as other dormant accounts if needed and they will do such for a fee.
Is it important to register the business name online?
Registering with Companies House means that the company and its name is registered only in the United Kingdom. People who are planning on bringing their business online or wanting to have a presence online should register a domain name. By purchasing a domain name, individuals can ensure that the domain name will be solely theirs.
Registering a business with Companies House helps keep that company name to the person who registered it. They can also use company formation services so another company can manage it while setting up the real business. Company Address offers a straightforward package as well as other types of company formation packages to help business owners.
published under Business Address Guides
