Can I start the same business as my employer?
You are obligated, by law, to further your employer’s business interests. But while you can’t compete with your employer before quitting your job, you can plan and prepare for your new business venture. It is legally acceptable, for example, to meet with colleagues to plan for a competing business.
Can you start your own business while employed?
There is absolutely nothing stopping you from starting your own business on the side of being in employment – in fact, there are many solo-entrepreneurs and sole traders that do this as a fall-back option against the risks of them losing their paid job should their employer decide to wind up the business or relocate it …
Can I do business and job together?
It is not impossible to start a business and do a job simultaneously but it requires a lot of determination resilience and hardwork. You can also look into being a silent partner in the business that way you can enjoy normal working hours and earn windfall from the business.
Can 2 businesses have the same name?
Can Two Companies Have the Same Name? Yes, however, certain requirements must be met in order for it to not constitutes trademark infringement and to determine which party is the rightful owner of the name.
What do you do if someone uses your business name?
If someone else is using the same business name, attempt to resolve the dispute by contacting the other business and negotiating a favourable outcome. If this approach is unsuccessful, you can enforce your rights by sending a cease and desist letter.
How do you stop someone from using your business name?
To be sure no one improperly uses your business’s name or branding, you need to obtain a trademark. To do so, you’ll need to file an application with the United States Patent and Trademark Office (USPTO). Filing an application does not automatically mean your trademark will be approved.
Can someone copyright my business name?
A trademark can protect your name and logo in case someone else wants to use them for their own purposes. Also, you cannot really copyright a name, since copyright protects artistic works. This is exactly why you need to have a trademark that protects your company’s intellectual property, such as your logo.
Can someone steal your business name?
If you have a unique brand name or logo, protect it. It is a simple thing for someone to snatch it out from under you and claim ownership of it. Your first step should be to register the name as a trademark. You can do this online through a number of services or hire an attorney.
How do I know if someone is using my business name?
In most states, the website of the state business filing agency includes an online entity name check tool. You can use the online tool to search business names and find out whether another business is already using the name you have chosen.
Can I get sued for my business name?
Can I Sue Someone for Using My Business Name? If you discover that another business or person is using your business name, you can file a civil lawsuit against that business or person. In the lawsuit, you must show that you have used the trademark in commerce.
Can someone sue you if your business name is similar?
Trademarking your business name gives you more protection than just registering it. Once you’ve trademarked it, you can sue anyone who infringes on it. Even a name that’s not identical can infringe if it’s close enough to confuse your customers.
Can I use a company name that already exists?
A trademarked name is protected on a national basis. If a company name already exists as a trademark, you can’t use it even if the company doesn’t operate in your state. To see if a specific company name exists and is trademarked, search for the name using the USPTO website’s electronic search system.
Can business owner sue for bad review?
If a customer posts a review that is factually inaccurate or contains accusations about your business that are untrue, you may have grounds to sue the online reviewer for defamation.
Who is liable for a corporation?
A corporation is an incorporated entity designed to limit the liability of its owners (called shareholders). Generally, shareholders are not personally liable for the debts of the corporation. Creditors can only collect on their debts by going after the assets of the corporation.
Are personal assets protected in a corporation?
One of the main advantages of incorporating is that the owners’ personal assets are protected from creditors of the corporation. Because only corporate assets need be used to pay business debts, you stand to lose only the money that you’ve invested in the corporation.
Who pays when a company is sued?
Generally, when a company being sued loses, the company will become liable for any order of damages and costs and the matter will come to an end. The company will have to pay whatever the amount is and the matter is finished.