Sometimes there are some terms that we don't know exactly what they refer to. And yet they give us important information, or they are valuable. That is what happens with the company name.
If you do not know what is the company name, The types that exist, what it is used for or how you should request it, today we are going to give you all the information you need to understand it perfectly.
What is the company name
The definition of company name is very easy to understand since it refers to the name by which a company is known. It is characterized by being unique, that is, no two companies can bear the same name.
Types of company name
Now that you know what the company name is, you should know that, depending on the type of society you have, it will change in one way or another.
In other words, and in a practical way, you should know that:
- A Public Limited Company has a company name with suffix SA or SA.
- A Limited Company would be SL or SL.
- The New Company Limited Company will have a company name such as SLNE or SLNE.
- A Limited Labor Company will be SLL or SLL.
- The Sociedad Anónima Laboral uses SAL or SAL.
- The Collective Society, SC or SC.
- A Simple Limited Partnership uses S.Com or SCom.
- The Cooperative Society, S. Coop.
- A joint stock company will have any name, but ending with Spa.
- A limited liability company will use the name of the partners and the word "Limited".
- In the case of a de facto company, the Companies Register is registered with the name of the partners, always starting with the paternal surname, then the maternal name, and then their name. For example, in one case it would be: "García Ruiz, Manuel and others." But it must always be in one's name.
What uses does it have
The main use of the corporate name of a company is to identify this business from other businesses. Namely, differentiate between companies, even when they are incorporated under the same type of company and work in the same sector. In this way, facing carry out official transactions and documents, there will be no problem because, having different social reasons, these will not be confused according to the business they have.
It is also a way to distinguish companies and not all have the same name. What they can have the same as other companies are the products they sell. For example, two clothing stores will each have a different business name, but they can sell the same clothing.
Can a natural person have it?
Can a natural person have a business name? It is one of the questions you could ask yourself, but it actually has a very quick and simple answer: no.
The company name is a term that is only used for legal persons, not for the physical ones since they have their ID, their name and their surnames. In a way, the company name itself would be all those data.
How are company names registered?
The business name is a term that must appear in the documents of a company, so it is a procedure that you need to do as soon as possible. To do this, you have to go to the Mercantile Registry where, after filling in some documents, it will check that there is no other company that has the same company name or company name (or name), because it is something that the law prohibits from happening.
Once done, you will have a certifying that no other company has the same name that you want to give yours, and from that moment on you can use it to refer to your business.
Sometimes, in order to speed things up, you can check the available company names online, in case you prefer a name that is more immediate, without having to wait for verification. Keep in mind that the period to reserve a company name or company name is 6 months (Actually, the paper they give you is valid for 3 months, extendable for another 3). At that time, you must establish the company since, otherwise, it will once again be free for other people (hence there is such a bag of available denominations).
Company name and brand
Another of the great doubts about the company name is whether it is the same as a brand. But really it's not so. In fact, many companies have a totally different reason or company name than the trademark. In fact, the clearest example is Coca-Cola. Many consider that the company name and the brand have the same name, but what if we tell you that the real name of the Coca-Cola company is "Compañía de Servicios de Bebcantes SL"? In fact, they make not only that drink, but also Aquarius, Fanta, as well as many other products (not just drinks).
In this case, the difference is clear. The brand is actually the name that a company uses to market its products, and it may or may not coincide with the reason. In fact, in most cases, they are not the same.
More examples that we can give you are:
- Movistar. Actually the company is "Telefónica Móviles España SAU"
- Actimel (or Font Vella, Lanjarón…). The company that encompasses them is "Danone SA".
- Prisa Group. It may seem like that is its reason, but in reality it is the brand that encompasses many more companies. And the name of the company name is "Promotora de Informaciones SA".
Company name and name
You may have heard the same thing referred to when it comes to business name and company name. In fact, many get it confused, when in fact they are two different terms.
For you to understand, the difference that exists is in the name that the company acquires. Namely, a company name is only used when speaking of an imaginary name; For its part, the reason is used in companies that use the name and surname of one person or several as their legal name.
In other words, companies like Planeta Nowe, or RBA, are imaginary names, and therefore social denominations; For their part, Arcoya, or García and Sons, being "real and legal" names, have the condition of being social reasons.