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Free impartial start-up advice From pcg.org.uk, the association supporting freelance contractors |
Choosing a suitable name for your limited company
Posted Jul 10, 2008
When setting up a limited company for your IT contracting business, one of the first things you need to do is choose a suitable name for your enterprise.
It is worth spending time considering the name, since not only will this be the first thing potential customers (agents, or direct clients) see, but it will also be with you for the duration of your venture.
You will also need to abide by the various rules and restrictions imposed by company law when making your choice.
For example, your new company may initially be involved in providing IT contracting services, but further down the line you may want to branch out into other areas, so try not to restrict your name to something which may either date or which may not reflect the nature of your business in the future.
Depending on the nature of your new business, you may want to present potential customers with a traditional sounding name (for example if you are providing professional services), or a technology or modern focused name if you are in the high-tech sector. Also be careful if your business is selling overseas since your business name may not go down so well in translation if you're not careful!
If you are going down the Limited Company route, you will need to register your new name with Companies House (or use an agent to do this for you).
The Companies House website contains detailed information on naming conventions to ensure your name passes various tests for suitability. For example, all Ltd company names must end in 'limited', 'plc' or 'ltd'. The name must not be offensive or too similar to an existing name.
You may also consider doing some trademark research in case your proposed company name has already been registered as a trademark.
Finally, if like many other IT contractors, you are seeking an Internet presence for your company, you should research currently available domain names which match your proposed company name. You will save yourself a lot of stress and costs further down the line if you research both simultaneously. You can read more about choosing a business domain name at our sister site, Bytestart.
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