Change the name of the company, there are many things to remember. Some of you thought others have not crossed my mind. You have selected a new name and use our reliable service to change its name at Companies House, now come the important part of protecting your business and re-branding of the company.
While things to think about when you change the name of your company?
1. Trademark search
Even before you begin the process of changing the name of your company, you should conduct a search for earlier with his name. The last thing we want is to go to all the problems of changing the name of your company to find that someone else has already registered the name as a trademark. This type of situation could cause serious problems and unforeseen costs and other company takes legal measures that require that, once again, to adopt a new name for the limited liability company.
With a simple trademark search, you can be sure your name is not already being done by another person and be sure to sign up. Remember, just because a company’s name is not on the register does not mean it is not registered as a trademark. It ‘possible that all types of companies and individuals to register a trademark, making a recording mark is the best way to ensure your business is protected against future problems.
If research is becoming clear, you might think about how to register a trademark to protect its commercial use by others. There are a number of benefits for the brand that has made this process very helpful.
2. Updated legal documents
Part of managing a limited liability company complies with the law include proper maintenance of legal documents (also known as corporate compliance documents.) This is a legal requirement set by the Companies Act 2006. Failure to keep proper records for your business can be left open to a fine of up to £ 5000.
Change your name, it is necessary to ensure proper updating of such documents and records, or if you’re not already in place, make sure they were prepared to protect themselves from prosecution and penalties painful obstacles.
3. Information HM Revenue & Customs
If operating under its limited liability company is currently hiring staff to manage their business, then you will be informed immediately of the need to inform HM Revenue and Customs of the change of company name and details. Even without that staff remains aware that changes to your business manifold. Presentation of annual accounts will still be carried out annually.
You can report changes to your company directly to HMRC following the instructions on the HMRC website.
4. Changing domain name business
Change the name of your company should consider adopting a domain name. If you already have a website created for your company, you will probably find that the old web address does not match your company name. In this case, use the form on the registration of the domain name to register the new company name with a domain name more appropriate.
Of course, this does not mean you should give your old domain name. There may be good reasons to maintain, if you have clients, you should take this into account. Even on domain names are more valuable to search engines, so hang on it and redirect to your new domain name of the corporation may be useful. Alternatively, you can sell or auction the domain name. Good areas can reach a very high price.
5. Company Logo Changes
With the changes to the name of your company is also designing a new logo to match. As you know, your company logo is an important part of your business and a way for customers to easily identify and separate the competitors. A logo is part of the construction of brand recognition and success for your business deserves.
Logo design for a professional society and the economy, why not use the Gallery Society, the UKs leading company formation and start-ups to existing staff.
6. Updating the company web site
A change in company name could also mean that the company’s site needs an overhaul. Content stale, incorrect data business and marketing materials related to his former employer will not help to change the company name. A new website design to revitalize its business, the new life and modernization of the sensation. Search engines also love new content and updating of a website, so that it can help improve your ranking and improve your business.
7. Inform your bank
You must tell the merchant bank of any change in its limited liability company. Without adequate banking company will be very difficult to exploit and develop. You can find an approximate value of purchases for a bank account, business news, instead of staying current with the bank. Each bank offers different incentives, interest rates and services that are all to be taken into account to suit your business needs.
8. Updated Memorandum and Articles
With a new name (and perhaps many other changes in your company) will have a new and updated protocol and statutes. With the creation of joint details, timing and structure.
You might also consider restructuring firms to create different classes of shares and a new structure to reap the benefits offered by the company law. Most companies are registered under the “generic” and memorandum of association, as stated in the Companies Act 2006. They are ideal for many businesses and keep the simple structure of society, but canbe restrictive. With a change of company name, you can consider adjusting the structure of your business. The restructuring plans may allow employees to install the incentive schemes, foreign investment allows a variety of sources, creating a more efficient tax system or to convert the company into a type of charitable nonprofit or more specific companies (such as the right to manage the business). If you think you can benefit from the restructuring of the company, if you change the name of the company or not, contact the legal team to support banks and business consulting services.
9. Your customers
Perhaps one of the first to change his name from the company to its customers. How do you change? There are cases where companies have embarked on a rebranding has no high-profile corporate re-branding. There are several reasons for wanting to change the company name, but if you plan to stay in the same sector, which offers the same services as the market itself, then you must consider your customers. You do not want to risk losing customers loyal, respected, simply because they are not aware of any changes to the company. Similarly if you are not satisfied with the changes, the risk that competitors away. Your customers are a valuable source of information, do not underestimate its value to grow your business.
10. The use of sensitive words
The first time I led a training company that could take into account the sensitive words – words and phrases, as required by law to use a company name. In the election of a new company name also think about the choice of words. Many words are included in several appendices, and although it is impossible to understand the change of name will mean an additional effort and the satisfaction of specific criteria. Be sure to approach us if you know that the new name includes the word “sensitive and need support to do it properly registered. Our team of lawyers has the knowledge and experience to help you do it.
Top 10 things to remember to change the name of your company