Purchasing an Existing Business:
-
Option 1: Purchase the entire business
- Negotiate for the rights to the business name
- Suitable if you want to expand an existing business
-
Option 2: License a logo through licensing companies
- Finance the purchase through a leveraged buyout
-
Understand the process of buying an existing business
- Figure out the business type and search for businesses for sale
- Do your due diligence
- Narrow down options aligning with your budget and goals
Reserving and Acquiring a Business Name:
-
Reserving a Company Name:
- Submit a confirmation statement for a dormant company for £13 per year
-
Buying a Business Name:
- Check website history
- Make an offer and negotiate price
Finding and Evaluating Old Business Names:
- Start by conducting a trademark search
- Contact publications that ran the business’s ads
- Evaluate potential purchases through due diligence
- Determine if the business aligns with your goals and budget
Considering Business Acquisitions:
- Investigate thoroughly through due diligence
- Determine if the business aligns with your goals and budget
- Evaluate financial statements and projections
Legal Protection and Branding:
- Pick a name that reflects your brand
- Ensure the name is unique by searching databases
- Consider licenses and trademarks during negotiations
Domain and Website History:
- Research the domain name you want
- Research domain and website history
- Most states allow buying names online and renewing them
Buying a Business Name and Business Plan:
- Start by searching records to find old businesses
- Evaluate financial statements and projections
- Consider licenses and trademarks during negotiations