- Are directors personally liable for company debts?
- Can two companies have same name?
- Can I use a company name that already exists?
- How do I make sure my business name isn’t taken?
- How long is too long for a business name?
- Can I put Co in my business name?
- What does a dissolved company mean UK?
- Can I use a company name that already exists UK?
- Can I use the word bank in my company name?
- Can HMRC investigate a dissolved company?
- How do I protect my business name UK?
Are directors personally liable for company debts?
Simply put, limited liability is a layer of protection placed between the company and its individual directors.
This means the directors cannot be held personally responsible if the company is unable to pay its debts..
Can two companies have same name?
A company cannot have the same name as another registered company. Any company formation or change of name application containing a company name that is the ‘same as’ or ‘too similar’ to an existing name will be rejected by Companies House. These rules exist to protect the general public from being misled or confused.
Can I use a company name that already exists?
Trademarked names are registered with the U.S. Patent and Trademark Office (USPTO) and are protected nationally. If a business name is already trademarked, you are prohibited from using it even if the company operates in a different state to yours.
How do I make sure my business name isn’t taken?
Use the USPTO’s free trademark database. To start, go to the USPTO’s Trademark Electronic Business Center at http://www.uspto.gov/main/trademarks.htm and choose “Search.” Then follow the instructions you see on the screen.
How long is too long for a business name?
Standard advice when choosing a domain name for your business is to not go for anything over 15 characters. The reasoning being that the name needs to be catchy and memorable. The standard view in psychology is that the limits of human short term memory are about 3-5 chunks of information.
Can I put Co in my business name?
Co. is company not corporation. You can do business as a d/b/a and use Co, without doing anything at all. You can register or not (if you have a good name and you want to keep it, register). … Your company can go bankrupt and your personal property is safe.
What does a dissolved company mean UK?
To dissolve a company, which is also known as ‘dissolution’ or ‘striking off’, is a way of closing down a limited company by removing its name from the official register held at Companies House. Once the name is removed from the register, the company no longer legally exists.
Can I use a company name that already exists UK?
Your name cannot be the same as another registered company’s name. If your name is too similar to another company’s name or trade mark you may have to change it if someone makes a complaint. Your name must usually end in either ‘Limited’ or ‘Ltd’.
Can I use the word bank in my company name?
Using the word bank in a company name! The words BANK, BANKS, BANKING or BANC are listed as sensitive words by Companies House. The use of any of the BANK words in a company name will suggest that the company has a specific financial status.
Can HMRC investigate a dissolved company?
Revenue can investigate dormant or dissolved companies In the event that the company has been dissolved, HMRC is entitled to apply for it to be restored to the register, which in practice they would have no hesitation in doing, if the amounts of tax outstanding make the exercise worthwhile to them.
How do I protect my business name UK?
You can register your trade mark to protect your brand, for example the name of your product or service. When you register your trade mark, you’ll be able to: take legal action against anyone who uses your brand without your permission, including counterfeiters.