Featured image from Pixabay
In recent years, there has been an increase in business growth in both Nevada and Texas. Big and small businesses are constantly popping up and flooding the market with new ideas, products, and services. These states are extremely business-friendly. In fact, Nevada alone recorded 283,333 small businesses in 2020.
RELATED ARTICLE: STEVE WOZNIAK’S WORDS OF WISDOM FOR NEW AGE ENTREPRENEURS
With so many businesses operating in the market, it can be difficult to stand out. One way in which you can initially grab consumers’ attention is through your name. Your business name signifies who you are and what your goals and aims are. With a good and unique business name, you can turn heads and become much more noticeable in the competitive landscape.
Image Copyright: TRUiC
Business Name Requirements in Nevada and Texas
Each state has certain requirements you must meet when coming up with a new business name. While there are similarities between naming regulations in Nevada and Texas, certain differences do apply.
Digital Naming Tools
Utilizing a business name generator to create a new name is a useful way to speed up the naming process. TRUiC, for example, has an advanced AI tool that is free to use. There are steps that you need to take, however, to ensure the tool works at its peak. One of these steps is selecting the industry that is related to your business. Not only will this generate better name ideas, but it will also help your customers find your business more easily if they just search your general industry.
Afterward, you will need to select the city or county where your business is situated. This will ensure customers will be able to easily find you when they search for your business if they search by general area.
Naming Rules in Nevada and Texas
From this point on, you will need to follow the specific rules set respectively by Nevada and Texas.
For both states, you need to ensure that your name includes “limited liability company.” The abbreviations LLC or L.L.C. are also acceptable. The name should also not be confused with certain government agencies, such as the FBI. To avoid this, do not include any words that sound the same or look similar to government agencies’ names. If you want to add words such as “university, doctor, lawyer,” these might require more paperwork. You might also need a licensed individual to be part of your LLC to justify the use of such words.
In Nevada, further rules apply. Your business name must not be similar to another Nevada LLC corporation, limited liability partnership (LLP), limited partnership (LP), or limited liability limited partnership (LLLP). Your new business name must be separable from any existing business name in Nevada for those reasons.
Businesses in both Nevada and Texas follow a set guide when it comes to naming rules for corporations. Similarities do apply, but each state has a unique set of rules that you must carefully examine.
Nevada Naming Rules
If a corporate name is using a person’s name or initials, there must be a corporate ending. Examples of corporate endings are “Incorporated,” “Inc.,” “Limited,” and so on. The name needs to be discernible and should not have any similarities with existing businesses in the state.
You will need to get approval from certain boards and commissions if you use specific words in your names. Below is a list of examples:
- Nevada State Board of Accounting: accountant, accountancy
- Nevada Commissioner of Financial Institutions: bank, debt collection
- State Commissioner of Insurance: adjuster, insurance
- Commissioner of Mortgage: financial
- State Board of Architecture, Interior Design and Residential Design: architect
- The Administrator of the Real Estate Division of the Department of Business and Industry: community
- Ombudsman: common interest
Texas Naming Rules
In Texas, your name must contain “company,” “corporation,” “incorporated,” or “limited.” You may also use abbreviations. As in Nevada, the name must not have links to other established business names; uniqueness is key.
Furthermore, the name cannot have any implications that the corporation is tied to unlawful practices. For example, it cannot include the words “lotto” or “lottery.” Neither can the name imply that it was created for the sake of war veterans’ needs and interests.
Certain words are completely off-limits. These are listed below:
- World War
RELATED ARTICLE: START AND GROW AN ONLINE BUSINESS: 5 TIPS
Final Thoughts on Forming Your Business Name
After all you have taken all of these rules into consideration, you will be able to generate a name. Then see if it is available and form your business in Nevada or Texas. You can add to the ever-growing environment and stand out in the crowd with a new name that will set your business forward in the market.
RELATED ARTICLE: IS YOUR APPEARANCE HONESTLY GOOD FOR YOUR BUSINESS?