Restrictions on Indiana Business Name & Business Purpose NOTE: Make sure to search variations of spelling, plurals and misspellings as the state may reject a name that is too similar (then you have to start all over again, wasting valuable time). Make sure your company name choice is available by searching the Indiana Business Entity Database.TIP: search misspellings, plurals, variations of spelling, sound-alikes and other versions of your chosen name to be sure it’s not already registered. There’s an art to trademark searches (trademark specialists will charge you handsomely to do a thorough search) but in our experience if you can use Google at a fairly advanced level you can reasonably clear a name yourself. This will be a very good indicator if your name will have any conflicts. Do a trademark search with the US Patent and Trademark Office (USPTO).This should cover many cases where a company name is being used but not officially trademarked (see next tip). NOTE: If you intend to operate nationally or even internationally it will be even more important that your name be unique. Search Google, Bing and DuckDuckGo as a “first sweep” for any potential conflicts, especially in your state or local jurisdiction. Search the web for your proposed name.Here are some of our tips on business identity including logo and trademarks. Make sure you’ve covered the basics: unique, easy to understand/pronounce (practice saying it out loud: “Thanks for calling XYZ”) and can survive over time (“DVD World” is not timely).In Step 3 we’ll show you how to search for the name in Indiana, but we highly recommend you do the following before searching Indiana state databases: Has largely replaced the DBA and Corporation in popularity recently as it provides liability protection but with much less complexity (and taxation) than a Corporation.Ĭhoosing a business name is easier said than done – many legal and business problems can arise from picking the wrong name (you can always change it later but the less times you have to do that the better). An LLC or “Limited Liability Company” is a newer type of business that is both a separate entity but provides very easy management (doesn’t require directors or officers) and taxation.Some professions are required to choose what is known as a “Professional Corporation” or PC (doctors, lawyers, architects, etc.). More complex than a DBA but the entity of choice for large companies and startups that intend to raise funding. A Corporation is a separate entity (provides liability protection to the owners) that has a structure that includes shareholders, directors and officers.A DBA or “Doing Business As” (also known as a “Fictitious Business Name” or FBN) is not really a separate structure, but just a different name that an individual or partners use as their business name.Click here to learn more about business entities. There are 3 basic options: a DBA, a Corporation or an LLC. Starting a Business in Indiana Step 1: Decide on a Business Structure ![]() The Kauffman Index of Growth Entrepreneurship recently ranked Indianapolis 10th among the 40 largest metro areas in the US, and the state’s low cost of living and talented workforce are a benefit to Indiana startups. Next to steel production and auto manufacturing, pharmaceuticals and medical devices, electrical and transportation equipment, chemical products, rubber, petroleum and coal products, and factory machinery are all products that are produced in the Hoosier State.Īmong the largest corporations in Indiana are Cummins, Anthem, Eli Lilly and Company, Berry Global, Steak ‘n Shake and Zimmer Biomet. A driving force behind the Hoosier State’s economy is manufacturing and steel production, being the largest steel producer in the nation for over 45 years. The state of Indiana reported a total gross state product of $359 billion in 2017.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |