Can you operate two businesses under one name?
The bottom line is there’s no (legal) limit to how many business ventures you can start and run. Just make sure that you properly account for your liability risks when structuring these ventures.
Can I have 2 businesses under one LLC?
Whilst it is possible to run multiple businesses under one company, it does come with its limitations. The general rule of thumb is; A separate company for each business, and. Any valuable assets kept separate from a trading business – these are generally held in a trust.
What happens if two companies have the same name?
So, your company can have the same name as another company, and vice versa, with no claims of trademark infringement. However, if your business is using a company name that’s the same as another incorporated company, there could be grounds for a legal dispute, and you may not be able to legally use the business name.
How do I run multiple businesses under one name?
1. Use One LLC to Run Both Businesses. One common approach involves having one LLC (usually named for the original/primary business)and then setting up a DBA or multiple DBAs (“Doing Business As,” also known as “fictitious name”) for the new venture(s).
Is it better to have multiple businesses under one LLC?
An Increase in Potential Risk
The advantage of an LLC is the limited liability it affords its owners. When you run two separate businesses under two separate LLCs, the assets and income of each individual company is also protected from any liability risk which might affect the other company.
Can I have another business name under my LLC?
Yes, it is possible for an LLC to operate under more than one DBA at a time. DBAs allow an LLC to use more than one business name without having to form multiple, separate legal entities.
Does my business name have to be the same as my LLC?
Unlike other business structures, the business legal name for LLCs and corporations does not have to include any of the owners’ names to be the business name. However, some states require LLCs and corporations to include “LLC” or “Corporation” in their legal name (e.g., Rockwell Technology LLC).
Can you change the name of an LLC?
To change your LLC’s name, you must file a Certificate of Amendment along with any fee required. … You must file an amendment request only for a legal name change. If you just want a new trade name, you can apply for a fictitious business name, also known as a DBA (“doing business as”).
What happens if someone trademarks your business name?
If the other business has a trademark, the current owner can infringe upon this legal protection by using the same company name. … If there is a trademark in place for his or her company and someone else created a new entity with the same name, this owner can pursue a legal claim and contact a lawyer for a legal remedy.
Can I use a company name that already exists?
If a company name already exists as a trademark, you can’t use it even if the company doesn’t operate in your state. … This search is especially important because failure to check existing trademarks could result in charges of willful infringement of a company’s trademark rights.
What if someone is using my business name?
If someone new starts using your name, contact the city or county office you registered with. It may be the new business hasn’t registered its DBA. In that case, the county can inform the company it’s violating the law.