How Do You Come Up with a Company Name?

If you close your limited company, you will no longer be able to conduct business under that name. All of your company’s assets will be sold off, and any debts will be paid off. The company will then be dissolved and removed from the Register of Companies. Even if you didn’t do any business last year, you still have to file a federal tax return. The way the company is taxed affects tax filing requirements. A partnership or corporation may be taxed as an entity for tax purposes.

How do I come up with a catchy business name? Use acronyms. A lot of major companies use acronyms instead of their full names — it’s easier to remember. Create mash-ups. Draw inspiration from mythology and literature. Creativity in naming can set the tone for the innovation and craftsmanship your business represents. To come up with a creative name: Think Outside the Box: Merge unrelated words or concepts for a unique twist. Inspire Imagination: Choose names that evoke imagery or emotion.

To create an unforgettable business name, keep it succinct. Your name should roll quickly off the tongue. Consider using acronyms instead of full names. They’re easier to remember. Fit your company name into your mission statement to see if it aligns with your brand and image. When writing a company name, uppercase the first letter, even if it begins with a lowercase character. For example, "The Coca-Cola Company" is correct. Instead, the brand name you select should strike a balance between being strategic, creative, and technical.

We hope that our tips will help you find the perfect name for your brand. Good luck! If you have spent a lot of time deciding on your perfect company name, you do not want your application to be rejected. So, we strongly recommend that you make sure your name is within the recommended guidelines to avoid disappointment.

How do I pick up a company name? Choosing a business name is not that simple, and you may wreck your brains over choosing one, only to find out that ACRA did not approve its registration. What you should know is that there are some considerations you should keep in mind when choosing the most suitable name, and we will cover them in the guide below. When you set out to name your brand, you should always start with a naming brief — even if it’s an informal one — that defines the strategy behind the company, product, or service being named.