- When should you get a LLC?
- What does LLC stand for at the end of a business name?
- What are some examples of LLC companies?
- Is an LLC really necessary?
- Should I name my LLC after myself?
- How a logo should look like?
- Can you trademark without an LLC?
- Does your LLC name matter?
- What should a logo say about your business?
- Can I abbreviate my LLC name?
- Do I need to include LLC in my logo?
- Does an LLC really protect you?
- Should I copyright my business name?
- What is the downside to an LLC?
- What if your LLC makes no money?
- What should I name my LLC company?
- Is it better to trademark a name or logo?
- Should an artist trademark their name?
- Should I get a trademark or LLC first?
- What makes a bad logo?
- How do I know if my logo is unique?
When should you get a LLC?
Your business is most likely to benefit from being an LLC if either of these is true: You have co-owners or employees.
Without an LLC or other business entity, your personal assets are at risk if your business is sued for something a co-owner or employee does..
What does LLC stand for at the end of a business name?
limited liability companyThe U.S. Small Business Administration (SBA) provides some good information about what an LLC means: “A limited liability company is a hybrid type of legal structure that provides the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership.
What are some examples of LLC companies?
LLCs, or limited liability companies, have many advantages when running a business, which is why they’re a popular business entity. Here are some examples of famous LLCs….There are many other famous LLCs, including the following:Blackberry.Pepsi-Cola.Sony.Nike.Hertz Rent-a-Car.eBay.IBM.
Is an LLC really necessary?
You don’t need an LLC to start a business, but, for many businesses the benefits of an LLC far outweigh the cost and hassle of setting one up. by Jane Haskins, Esq. An LLC, or limited liability company, provides personal liability protection and a formal business structure.
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.
How a logo should look like?
A good logo is distinctive, appropriate, practical, graphic and simple in form, and it conveys the owner’s intended message. … A logo should be able to be printed at any size and, in most cases, be effective without color. A great logo essentially boils down to two things: great concept and great execution.
Can you trademark without an LLC?
No, you don’t need an LLC to register a trademark. Think of a trademark like a car – you can own it personally, or you can co-own it with someone else, or it can be owned by a business entity, such as an LLC or corporation.
Does your LLC name matter?
The legal name of your LLC or corporation must be distinguishable from the names of other entities on record with the state filing office. Otherwise, the state may refuse to file the documents to form your LLC or corporation.
What should a logo say about your business?
What are the key points about my business that my logo should convey? Your logo — from the color to the shape — should provide an immediate sense of what your company is all about. “When people look at it, they should get a feel for your brand personality and your distinctive point of view,” Wheeler says.
Can I abbreviate my LLC name?
You can use LLC abbreviation instead of long form of “Limited Liability Company” but just after your company name you need to put the LLC word as it indicates you are legally incorporated as an LLC…
Do I need to include LLC in my logo?
So, do you need to incorporate “LLC” in your logo? In short, the answer is no. In fact, none of your branding/marketing needs to include “LLC,” “Inc.” or “Ltd.” If it is included, this may look amateur. … Logos are an extension of a company’s trade name, so marketing departments don’t need to include legal designation.
Does an LLC really protect you?
Personal Liability for Actions by LLC Co-Owners and Employees. In all states, having an LLC will protect owners from personal liability for any wrongdoing committed by the co-owners or employees of an LLC during the course of business. … But the LLC owners would not be personally liable for that debt.
Should I copyright my business name?
If you are using your business name as your trademark, you can also register your business name as a trademark. Registering your trademark will give you exclusive rights to it in Canada for at least 15 years (you can renew it indefinitely as long as it is still being used).
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%.
What if your LLC makes no money?
But even though an inactive LLC has no income or expenses for a year, it might still be required to file a federal income tax return. … An LLC may be disregarded as an entity for tax purposes, or it may be taxed as a partnership or a corporation.
What should I name my LLC company?
Typically, your business’s name must end with the words “Limited Liability Company,” company,” or “Limited.” Or you can use abbreviations like “LLC,” “L.L.C.,” or “Ltd.” Usually, you can even opt to abbreviate the words “Limited” and “Company” as “Ltd.” and “Co.” (Most people just stick with “LLC”.)
Is it better to trademark a name or logo?
Which One Should I Trademark? It depends. Higher value tends to lie in name recognition rather than familiarity of a logo. Since logos change more often than names, it usually makes more sense to register a standard character mark to protect the business moniker itself.
Should an artist trademark their name?
To prevent others from using your name for any reason, including merchandise, you should register it as a trademark. … If you are a single artist, then you will own the trademark. However, if you are a collective or group of people, you will have to ensure that each band member has shared ownership of the name.
Should I get a trademark or LLC first?
In many cases, a business will want to start the trademark application as soon as their LLC or corporation paperwork is filed. By filing for a trademark prior to launch, you can be sure that your name is protected once you begin commercial sales. However, there may be an even stronger reason to apply early.
What makes a bad logo?
What Makes A Bad Logo? Logos should be crisp and memorable. They should represent the brand in all ways and should be easy to recognize. By comparison this means bad logos could have many unpleasant qualities: confusion, murkiness, over-complexity and/or poor recognition.
How do I know if my logo is unique?
The Four Steps To Peace: Finding Out If My Logo Is Already TakenStep #1: Search Your Industry For Similar Logos. … Step #2: Do a Reverse Image Search of Your New Logo on Google. … Step #3: Search The US Patent Office For Similar Logos. … Step #4: Consult an Attorney To See If Your Logo Is Already Taken.