Can LLC Names be Duplicated?
LLCs and corporations are formed on a state-by-state basis. The business name you use in a state must be unique within that state. Businesses can have identical names if they are formed in different states.
Using Personal Name for LLC
Limited liability companies can use personal names in a variety of ways when forming an LLC, provided that another local business has not taken the name and as long as your business name ends with “LLC.” You can then leverage the business name, your personal name, to brand yourself.
You’ll need to use your full legal name as the name. You can’t use a nickname or shortened name. You’ll also need to register your business with the state and get a business license. Another thing to keep in mind is that you can’t use your personal name for an LLC in states where it’s not allowed.
Using Trade Name for Business
If a business owner wants to operate under a different name other than the company’s legal name, they can use a trade name instead. A trade name does not need to include additional words or legal phrases (e.g., Corp, LLC, etc.). A business can opt to have their business name and trade name be the same.
Pros and Cons of Using Personal Name for an LLC
Pros:
- It’s easier to get approval for a business bank account
- Can provide some personal liability protection
Cons:
- Can hinder the flexibility and expansion of your company
- Can cause confusion among clients
What Happens When You Change Your Business Name?
When you change your business name, you may have to change legal documents, including contracts, loans, and your business checking account (and checks). You may have to change local business licenses and permits and you will probably need a new “doing business as” or business trade name notification with your county.