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Sunday 6 October 2013

choosing a company name

choosing a company name.

when you return home ,one of the first items on your itinerary should be to choose a company name. each canadian province and territory has a govt service centre that will provide you with all the information needed to start and register a business. each govt web site will have important information that will help you

.who should use this service
.why do i need approval for my company name
.how much does it cost
.does the approval of my company name mean no one else can use it
.how long does it take
.what is the process
.what if my company name is not approved
.how long will the name be reserved for
.what are the next steps after my name is reserved.

typically the procedure for requesting a company name is a simple process. you decide on 3 choices for your company name. the name must contain
.1 a distinctive element
.2 a descriptive element
.3 a corporate designation

example  jb international distribution ltd.  jb international is the distinctive element which is the name of the company.
distribution is the descriptive element
this says what the company is or category its in
ltd  is the corporate designation
ltd is a limited company,or it can be just a sole proprietorship or a partnership,
 once you have three names ,each provincial govt web site has a name search tool. this tool is extremely helpful in determining if your name request is available. if the results indicate that the name is available,the next step involves filling in a name request form, with a payment which is very small. when the approval comes back from the govt,you can proceed with the next step. registering the name..........

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