When selecting a company name, there are several important restrictions to consider to ensure compliance with regulatory standards.
- A company name must not be identical to an existing name, and certain characters are the only ones permitted in a company's name.
- Additionally, some terms are restricted and cannot be used without the approval of a government minister.
- Words that could mislead people about a company's activities, such as implying associations with the government, the Royal Family, or ex-servicemen's organizations, are not allowed.
- It's also crucial to be aware of existing trademarks or names that could impact your chosen name, as this could lead to legal challenges.
To avoid these issues, it's advisable to conduct a thorough search for existing company names and trademarks before deciding on a name.