registered business name Tag

Riba Business Lawyers Most people think that businesses have to register a business name.  They are not correct.  You can always trade using your own name or your company name and it is not necessary to separately register a business name. Of course there are some rules that must be followed if you chose to do this. Firstly you must trade using your full name.  In the case of company this means using all of the name of the company and this includes the end part of that name.  For example a company called The Groovy Herb Pty Ltd must in all documentation signage etc. include the whole of that name which means writing "Pty Ltd" on everything.

You cannot own a business name!

Before you even commence business you must understand the difference between each of these very different business tools  - Business Names, Trade Marks and Company Names. Anyone considering the sale of their business  should also consider these things carefully. If trade marks, domain names, business names and business structures are not all in order, then seek legal advice as early as possible.  We have seen business sales fall over because intellectual property including the business name is not registered. The registration of the name is a process, nothing more, and that process does not guarantee exclusivity. The business owner having registered the business name has no legal right to prevent others from using that name, nor does completing the registration process provide any entitlement to compensation if the name is used by someone else without authority.

So what do you own after registration of your business name?  It may surprise you that, you own nothing.