What Is The Difference Between A Business Name And A Trading Name?

Is trading name and business name the same?

A Business Name is the name under which you undertake your business activities.

It is also often referred to as a Trading Name.

If you are a sole trader, your business name might simply be your first and last name, for example, John Smith.

A Company Name on the other hand is separate legal entity registered with ASIC..

Can 2 businesses have the same name?

Because business names are registered on a state-by-state basis, the fact that a company in another state has the same name as yours is usually not a cause for concern. However, you are right in that there could be intellectual property issues (namely, trademark) when two companies have the same name.

The legal name of a business is the official name of the person or entity that owns a business. If you are the only owner of your business, then its legal name is simply your full name. … For limited partnerships, LLCs, and corporations, the legal name of the business is the name registered with the state filing office.

Can someone use my business name?

This means that it is possible for another person to use your trademarked name, so long as it is in a different context. Note also that if it turns out that someone was already using a similar mark in Canada on product or service similar to yours before your trademark registration, your trademark can be expunged.

How do I protect my business name?

If you are using your business name as your trademark, you can also register your business name as a trademark. Registering your trademark will give you exclusive rights to it in Canada for at least 15 years (you can renew it indefinitely as long as it is still being used).

Registering your business name for a trademark isn’t required in order for you to have trademark rights. However, a registered trademark can provide greater protection for your brand while helping you build your brand and drive business growth.

Can you use the same brand name for different products?

And the answer to that is yes because when you register a trademark, you don’t get a monopoly over a word, phrase, or logo itself. … So as long as your products and services are completely different from the other registered trademarks you can safely use or even register that.

What is the difference between a business legal name and trade name?

In a nutshell: A registered or legal name is your business tax ID number, used by federal and state taxing agencies, banks, and for other legal purposes. A trade name is used for advertising or trade purposes.

Can I use Ltd in my business name?

‘Limited’ should not be used in trading names Most companies trade under their official registered name, which will usually end in ‘Limited’ or ‘Ltd’. … Business names (also known as trading names) can be any name that does not infringe another company’s trade mark and does not contain any offensive or ‘sensitive’ words.

What happens if someone trademarks your business name?

If someone uses your name, simply showing proof that you’ve trademarked the name could be enough to convince a business to choose something else. Most importantly, if you must go to court, you’ll have legal proof that you registered the name. However, you don’t have to trademark your business name to protect it.

What is a trading name for a company?

A trading name is the name (or names) used by a person, partnership or company for carrying out business, which is not the same as their own name or official registered name. A business may use as many trading names as it requires, but these cannot be registered as official names of the company.