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will_brown | 6 years ago

>Contrast this with acquiring a business name through any Department of State/Division of Corporations.

What do you mean by this?

Generally if a corporate name is registered (example: ABC, INC.) most states will not allow another “ABC” to be registered (even if ending in another suffix like “Corp” or even if another type of entity like an LLC).

I had a client in a certain state who registered their entity name as MSG HOLDINGS and wouldn’t you know I got a call from General Counsel of Madison Square Garden one day making an offer to purchase my clients entity solely for the name.

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halfmatthalfcat|6 years ago

I mean if a name is available to use, you can just use it. There's no negotiation, no price barrier, nothing.

I think most of my frustration is toward the domain squatting/reselling industry.

lunchables|6 years ago

>I mean if a name is available to use, you can just use it. There's no negotiation, no price barrier, nothing.

How is that different in domain names? If the name is available, you buy it and use it. And the "price barrier" for domain names was less than filing incorporation paperwork, in my state anyway.

>I think most of my frustration is toward the domain squatting/reselling industry.

At least with domain names you can negotiate with someone. If someone else registers a company name before you, good luck. Same situation, look up the registered members and try to talk them into giving it to you, I guess?

walshemj|6 years ago

Isn't starting a company rather expensive in the USA compared to say in the UK