Registering a Business Name and Not Using It: What You Need to Know

Can I register a business name and not use it?
When you register a company name at Companies House, it is protected by law so no other business can use it. Trading names do not receive this protection, which means that if someone wanted to register your trading name as a limited company, they could do so, whilst also demanding that you stop using it.

One of the initial actions you might do when beginning a business is to register a business name. But what happens if you reserve a company name but finally decide not to use it? Can you accomplish that? You can register a business name even if you don’t intend to utilize it, to put it succinctly. There are several things to remember, though.

How to Buy a Company Name

Let’s first talk about how to buy a business name before getting into the technicalities of registering a business name and not utilizing it. You may check the availability of a business name online at the Secretary of State’s website in the majority of states, including Oregon. If the name is available, you can submit a registration form and pay a fee to reserve it for a specific period of time (often 120 days), as long as the name is still available.

Does Oregon Require a Seller’s Permit?

The Oregon Department of Revenue may require you to obtain a seller’s permit if you intend to sell products or services in Oregon. Businesses that offer taxable services or tangible personal property must have this license. You might not require a seller’s permit if all you offer are non-taxable services. To find out whether you require a permit, it is advisable to contact the Oregon Department of Revenue.

Does Oregon Require the Registration of a Sole Proprietorship?

Oregon does not require sole proprietorships to register with the state. Nevertheless, depending on the type of your firm, you might need to acquire particular licenses or licences. For instance, you might want additional permits or licenses if you intend to run a home-based business or sell food goods. In order to make sure that you are in compliance with all state and local laws, it is best to conduct research on the specific needs for your firm. How to Form a Business Corporation in Oregon

You must submit articles of incorporation to the Oregon Secretary of State’s office if you choose to incorporate your firm there. A business license from the Oregon Business Registry will also be required. According to the nature of your firm, you might also require additional licenses or permits.

In conclusion, it is feasible to register a business name and not use it, but it’s crucial to remember the particular requirements for your firm. A seller’s permit may also be required if you intend to offer goods or services in Oregon. Although sole proprietorships are exempt from state registration requirements, depending on the type of your business, you might need to apply for specific licenses or permits. If you choose to incorporate your business in Oregon, you will also need to apply for a business license and file articles of organization. Always do your homework and make sure you are abiding by all local, state, and federal regulations.

FAQ
How do you check if the business name is taken?

If a business name is already in use, there are a few ways to find out. The Secretary of State’s or Department of Revenue’s business name databases in the state where you intend to register your business can be searched as one option. To find out if the name has already been registered, you may also perform a trademark search on the website of the United States Patent and Trademark Office. To determine if another company in your sector or region is using the same name, you may also conduct a quick online search.

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