How to register a business name – a complete guide

Starting a business is not a simple task, as of the same way naming a business also not an easier one. Choosing a name for your concern is more important than anything since it’s going to give a brand value of your company. Naming your business for the sake of website creation is not going to have any vale try to have an attractive name for your business, think of “Nike”, “Google” and many others they are unique right. Choosing a name for your company should be unique in the market, so the customers will easily remember your brand name. 

Value of business name: Now you will be planning to start your business on a small scale when the time goes you will be planning to extend your business to some other segments too. At that time you will eventually know the value of your business name. These names will create an identity for your brand and ensures the value of your product. It is a symbol that helps the audience to recognize your products through your brand and hence drives more customers to your business.

Uniqueness: The business name should be unique, you can’t even name your business withe name which was used by others. It has a strong influence on reducing your brand value, if any mistake happens on that particular brand name, you will be directly affected by that, so choosing a unique is the most needed one.

Tips for easily naming your business:

• The name that you choose should be easy to remember and also should be easy to pronounce.
• It should really reflect the mission of your business model.
• Does choose a brand name which is already existing or sounds like an already available one.
• Also, check the domain is available for that brand name in order to have an online appearance.

Some guidelines for naming your company:

According to the companies act of 2013 and also the companies incorporation rules 2014, there was some guidance provided on how to name your brand:

The name should be relevant to your business, if you are dealing with financial one, the name should be also relevant to the financial things.

Fewer sets of names should need the approval of government bodies, in order to handle the legal issues if any.

If a company is established as a Nidhi, then it can include Nidhi limited at its end.

The name should reflect the business objective properly,

If you wish you can change your business name after 3 years.

If your business name includes the word such as Insurance, Bank and Mutual Fund need to get regulatory compliance from the regulatory bodies like SEBI, IRDA, and RBI. 

Limitations:

• Don’t choose a generic name.
• It should not violate the emblems, trademarks, or any offensive words.
• It shouldn’t imply foreign names or government.
• The name can’t be used if it is similar to the LLP name.
• The proposed business name is identical to the company name dissolved as the liquidation results.