In a registered company, the legal entity is separate from the owners. For instance, if a firm is unable to pay it's debts, your assets can not be sold to clear the bills because you are a shareholder. The liabilities for the shareholders are limited. This means that, all rules and regulations are made by the shareholders. This is different from a sole proprietorship where the owner has full responsibility. A company is either owned and operated by a single person or by many shareholders. You can own property in your company's name rather than using your own name. It's easier for a Register A Company to attract capital investments compared to partnership due to limited liabilities.
However, the establishment of a large company is difficult and also very expensive. In case you decide to quit the firm, you will leave the shares and the company's assets to the other shareholders. Sometimes, you will be allowed little or have no contribution in the firm's affairs especially if you are a minority shareholder. The process of selling shares to other shareholders is difficult compared to a company owned by a single person. Decision making is not easy and, it's only passed when voted by the majority. The cost of registration is relatively high compared to a partnership. There is ongoing costs of business name registration after every two or three years and, it's usually higher than the original registration fee in addition to other ongoing costs such as accounting fees.
Process of Registration
In order to qualify for registration, you should have a unique and recognizable logo. It should also be associated with your product. Hence, it is advisable to take time to create an exclusive symbol that can be distinguished from others. There are experts who can help you in the selection by suggesting suitable concepts. The next step is to Register Company UK Name and logo. You have to conduct a comprehensive search of trademark databases in your region. This is to find out if there are similar signs as your selected one. Alterations may be required to avoid infringement. Once you have finalized on your logo, the application must be submitted to the local trademark office for approval. In order to avoid complications and rejection, it is advisable to use an expert. If you have been issued a notice of rejection, you can still qualify if you give evidence of logo use in your business.
Avoid Trademark Infringement
Your company name must reflect your business and appeal to consumers. It is also necessary to register company name to get its patent. Get help from qualified solicitors to avoid copyrights. Copyright infringement can cause a lot of problems for your brand. Misleading names should be avoided. You can also register the name of your company as trademark. Moreover, if you intend to market products internationally, it's better to go for federal registration of company name and logo. When you register with USPTO, you can easily fight against prospective in fingers. Seeking legal help makes sense because it's not easy to register generic names.
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