It depends. Keep your short name simple so that it’s easy to promote and so that customers can remember it. You can use a different name to conduct business. Learn more about the custom names policies. You can legally use a variant of an existing business name only when there's a very low chance that potential customers could get the two brands confused, but you may still end up in court proving your case. Hi, I want to start my own small business in Canada, but I am a little confused on the business vs operating name bit 1. The business number is a nine-digit number the Canada Revenue Agency (CRA) assigns your business or nonprofit as a tax ID. Can Two Businesses Have the Same Name? Payment of taxes on business income. If you operate under a registered business name, bill your clients and customers in the business's name. Your limited liability company (LLC) is doing well and you … If so, you will need to examine and compare the industries of your respective businesses. Address. You need a Business Number (BN) if you are a Sole Proprietor or in a Partnership and you require … For example: If you get into a car accident that is caused by another driver, there may be more than 1 person to sue. Create at least two winning business names (three is even better) as your next step is to register the business, and you may find that your first choice has already been taken. The amount of liability each partner has depends greatly on which kind of partnership is created. As is often the case in legal matters, the answer here is "maybe." For example, Apple is a company with many brands such as iPad, iPhone, iPod, and Mac. Business number. This step establishes the structure of your corporation. Since .com domains are still sometimes the first things people check, there is often confusion about whether the US company is his business. On May 14, 2003, a trestle collapsed under the weight of a freight train near McBride, British Columbia, killing both crew members. Once it’s approved, you have the right to use it across Canada. So if your federally incorporated business is named XYZ Inc., your company can do business in any province or territory as XYZ Inc., even if there are other companies … Learn more about short URLs for reviews. name is likely to mislead the public, is the same as, deceptively similar to, or distinguishable in the record from the name of an existing business entity, or whether a proposed name will require consent from an existing business entity of record for use of a proposed name. Now, the name I like is the same as the name of a business in England, I am in Scotland. It's situation that comes up quite frequently among entrepreneurs. Think of a business name as a lot like a personal name, in that the first or oldest John Smith cannot claim exclu These tips can help prevent your name from being stolen, as well as what to do if damage has been done. You’ll need to prepare a bit, but your customers will be sure to recognize you wherever you do business. Can Two Companies Have the Same Name? I can be heard on WHPY … You can use your business name with your city or local area, for example, 'Jessie's Fish Shack Weymouth'. Thanks. Any references would be appreciated. Get a word name. If you have a short name, you’ll get a short URL to request reviews from your customers. And, although all partners share the same risks in a business operation, they may or may not equally share the business's profits, losses, or liability. In general, common law jurisdictions have loose procedures for a name change while civil law jurisdictions are more restrictive. Can two companies in the same state have similar names? When choosing a corporate word name, make sure it’s distinctive. If I register a business name (eg SuperBiz) can I market and operate that business under different names (MyLittleBiz, CrapBiz, etc...)? Although Canada’s two major legal systems differ in certain respects for contract law, the practical solutions they provide are very similar when not identical. When you are preparing to file a small claims case, you need to find out exactly who the defendant (the person or business you are suing) is so you can name him or her correctly on your claim. A Business … … Global recognition . Morris Images Morris Images Photography Elite Entertainment Elite DJ's Unlimited In most cases, if someone is already using a name, you cannot legally use it. Many companies have many brands. Name change generally refers to the legal act by a person of adopting a new name different from their current name.. Viewed 17k times 2. However, after having a look around (online) I have noticed that there are … The CRA uses the BN as a standard identifier for your business. But once your company is fully operational, there's no guarantee some other business won't use the same name. This means that it distinguishes you from other businesses. Flexibility. Business licence. Conditions For a contract to be valid and therefore legally binding, five conditions must be met. Protect Your Name. With a word name, you have the legal right to use it across Canada once Corporations Canada approved your name. 3 min read. The procedures and ease of a name change vary between jurisdictions. And as such the debts, credits, assets, and liability fall to that single individual. So, it should come as no surprise that different people will want to choose the same business name. Numbered Corporation - registration should take 1-2 business days. 2. Rather you need to assume the identifiers of database objects must be unique within the containing schema unless specified otherwise . Online Registration. I am looking at starting my own business (working from home and I am the only employee) and have been thinking of names for my business. Find out if the name is taken. The fee for registration is $40.