Should I Name My Business After Myself?

Should I name my LLC after myself?

An LLC that uses a personal name is no different than any other LLC.

But because an LLC that uses your name might be confused with you personally, it’s especially important to always use the initials LLC after your company 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.

What is the downside to an LLC?

Profits subject to social security and medicare taxes. In some circumstances, owners of an LLC may end up paying more taxes than owners of a corporation. Salaries and profits of an LLC are subject to self-employment taxes, currently equal to a combined 15.3%.

How do I get a catchy business name?

You can use the keywords in your business name Here are a few other naming options to consider:Include the names of the company founders.Use a single word.Change, add, or remove letters from keywords.Combine two or more words.Use a metaphor.Create an acronym.

Can I name my business anything?

Generally, as long as no one else in your state is using that business name, you can call your company whatever you like. Names are doled out on a first-come, first-served basis. … That said, you can run into trademark issues if your business and another’s fall within the same category or are substantially similar.

Should I put Consulting in my business name?

Using your name as a business name makes sense if you are the brand. If your consulting business is very personal, and buyers are reaching out to and buying from you because they see you as the expert, then it’s a good idea to name your firm after yourself.

Do I need an LLC if self employed?

You don’t have to have a formal company, such as a partnership, S corporation or limited liability company, to be self-employed.

How do I choose a name for my business?

Here are 12 helpful suggestions on how to come up with a winning name for your business:Avoid hard-to-spell names. … Don’t pick a name that could be limiting as your business grows. … Conduct a thorough Internet search. … Get the .com domain name. … Use a name that conveys some meaning. … Conduct a trademark search.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…

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.

How do owners of an LLC get paid?

As the owner of a single-member LLC, you don’t get paid a salary or wages. Instead, you pay yourself by taking money out of the LLC’s profits as needed. That’s called an owner’s draw. You can simply write yourself a check or transfer the money from your LLC’s bank account to your personal bank account.

Should I get an LLC for my small business?

If you have a business – either a sole proprietorship or partnership – you should seriously consider setting it up within an LLC. It will provide you with similar legal protections to a corporation, but enable you to run your company as a small business.

What is a good LLC name?

LLCs. An LLC’s legal name usually has to include words like Limited Liability Company, Limited Company; or abbreviations like L.L.C., LLC, L.C., LC, or Ltd.

What do consultants call themselves?

Simple answer: If your client asks you to do something, you’re not a consultant. If they ask you what they should do, you’re a consultant. You can always call yourself consultant, because the definition of a consultant is not that strict: A person who provides expert advice professionally.