Quick Answer: Should You Change Your Company Name?

Why do companies keep changing their names?

When a company’s name is tarnished by wrongdoing or some other serious problem, it sometimes can’t recover, as customers abandon it.

As a result, companies will sometimes change their names to get out from under a cloud of bad press, or association with previous wrongdoing..

Does a business name matter?

It’s not. Keep your company name short and simple. … If they can’t remember the potential name a few days after your conversation, it’s the wrong name.

Can I use the word company in my business name?

Most states will not allow a business to: Similarly, a business that is incorporated or an LLC must include “Corporation,” “Incorporated,” “Limited,” or an abbreviation (e.g., Inc., LLC) as part of its name. … Use a word that implies a company is a government entity (e.g., Federal, United States, etc.).

How do you communicate with a business name change?

Creating a communications plan that includes six key steps will help your organization’s name change go off without a hitch.Begin with your employees. … Inventory your marketing materials. … Announce the name change publicly, with a multichannel approach. … Announce it again, in another way. … Flip the switch. … Go big.

How do you announce a name change?

Starting to WriteYou have to announce the name change with enthusiasm and excitement, no matter why the change is taking place, so go right out and announce it.State what your old name was and now the new one.Why is the name changing? … Reassure customers that the quality of products will continue to be the same.

Should I name my business after myself?

Don’t Name a company after yourself, unless… According to Alexandra Watkins, founder of Eat My Words, a company that creates brand names for clients, you should not name your business after yourself. … They just aren’t memorable, imaginative names.

How long does it take to change a company name?

How long will it take to change my company name? It usually takes around 3-4 working days in total to change a company name on the Companies House register.

How do I change my company name on Facebook?

How do I change my Facebook Page’s name?From your News Feed, click Pages in the left menu.Go to your Page and click Page Settings in the bottom left.Click Page Info in the left column.Click your Page’s name.Enter a new Page name and click outside page name box.Review your request and click Request Change.

How do I change the name of an S Corp?

Notify the IRS If you own a corporation, (including an S corporation) you can change your name when you file your tax return (on Form 1120), or you can write to the IRS at the address where you mailed your tax return. A corporate officer must sign the notice.

Is it bad to change your business name?

While it’s unwise to change your business name just because you’re in the mood for something new, there are times when a change is in your business’s best interest.

Should I rename my business?

You’re being legally forced to change your name This first one is a no-brainer. If another company has sent you a letter asking, or even demanding, your company change its name, it’s probably a good time to start the renaming process. It’s also a good time to make sure you don’t end up in the same situation again.

What happens if I change my company name?

What happens next? Companies House will send you a new certificate of incorporation, including the date of registration. The company itself hasn’t changed in anyway, and its registered number remains the same. Your accountant will need to update HMRC with your new company name (Corporation Tax, VAT and PAYE).

How do I come up with a catchy business name?

How to come up with a business nameUse acronyms.Create mash-ups.Get inspiration from mythology and literature.Use foreign words.Use your own name.Take a look at a map.Mix things up.Partner with another company.More items…

How do I name my small business?

10 Tips for Naming Your Startup or Small BusinessThink about what you want your business name to convey. … Brainstorm to identify name possibilities. … Keep the name short, simple, and easy to write and remember. … Avoid names that are too narrow or too literal. … Avoid decisions by a committee but do “test” your company name with others. … Avoid plain words.More items…

How do you change your business name successfully?

Here’s how to go about it.Research the new name. Start by checking the U.S. Patent and Trademark Office. … Notify your secretary of state. … Change licenses and permits. … Notify the IRS. … Apply for a new EIN. … Update your business documents. … Communicate with your customers.

Can I change my business name on Google?

To keep your business information on Google accurate and up to date, you can edit your Business Profile on Google . … You can also edit your information before you verify your business. The changes can include the name, category, address, hours, phone number and website.

How do I brand my business name?

To register a trademark, go to the U.S. Patent and Trademark Office’s Web site, www.uspto.gov. Don’t add a domain extension to your trademark to prevent others from registering the same name by adding another extension.

What is the first step to starting a business?

Conduct market research. Market research will tell you if there’s an opportunity to turn your idea into a successful business. … Write your business plan. … Fund your business. … Pick your business location. … Choose a business structure. … Choose your business name. … Register your business. … Get federal and state tax IDs.More items…