If you have a business, have you thought about business name registration? Here are three benefits of business name registration that you may not know about.
- Claim Business Name Ownership
When you register your business name, it’s recorded and then recognized as belonging to that person. Each of the businesses’ names only can be registered one time with a state. This means that a business name can’t be duplicated.
- You’re Protected from Any Liability Accidents
When you register your business name with your state, it also will give your company protection from legal liability. If the business has been incorporated, it means that the personal assets of the business owner can’t be gone after. The business owner can’t be held liable when it comes to accidents. Anyone who becomes injured can only sue the business and not the owner.
- The Business Name Lives Long
The name of the business will live longer than the owner. When the owner of a business dies, the name of the business doesn’t need to die too. The registered name of the business can go on in someone else’s hands or it also can be sold. This is only true when a business has registered its name.
These are three benefits of business name registration. If you are looking for a way you can protect your personal assets and help your business live on after you are gone, business name registration is the way to do it. Look into it and see what it can do for you.
