Choosing a name for your business can be a tough task. Not only do you need to come up with
something distinctive and original that describes your company, you also have
to make sure that the name isn’t similar to any other named corporation out
there. Each jurisdiction has its own set
of requirements for names and this can lead to a frustrating process. Sometimes your first choice just doesn’t cut
it and you have to go back to the drawing board.

If you’re set on having a named corporation, make sure you
have at least 3 possible options for your name.
Don’t put all your eggs in one basket or the outcome may be very
disappointing! Having variations of your
name submitted allows for a better chance that at least one will be approved
and you’ll avoid the back and forth paperwork, time and expense of
re-submitting names. Stay tuned for our blog post on how to choose a corporate
name, for tips on best practices when coming up with a name that suits your
business AND the legal requirements.
There are positives and negatives to choosing between a
named and numbered corporation and it is dependent upon the objectives of the
business and its shareholders. For the
best outcome, weigh your options carefully and create a plan of attack before
you begin.
For more information, visit our website at www.CorporationCentre.ca !
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