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How to choose a business name

What’s in a name? If you’re starting a business, a lot. Your business name can help make or break your new venture – which means you’ll want to choose wisely.

Updated
4 min. read
When it comes to starting a business, the right name can be everything. Having a strong company name gives your startup a strategic advantage. It can help build you a recognizable and trusted brand, stand out from the competition and get found by potential customers. Take the time to carefully research your business name to make sure it’s not already in use, and then register it. Here’s what you need to know about choosing a great business name.

1. What makes a great business name

When creating a name for your new business, keep in mind:
  • It’s best to use memorable and short words that are easy to spell.
  • Consider search keywords. How are people searching for your goods or services online? Incorporate some of these words into your business name so that potential customers can easily find you online.
  • Describe what your business does. Avoid generic words that don’t communicate what you do or who you serve. For example, “Toronto Premier Bridal Photography” is more descriptive than “Superior Photography Services”.
  • Research website domain names alongside business names, so your website URL can match your business name.
  • Use a geographic reference in your name. For example, “Vancouver Pro Plumbers” tells customers where the business operates and makes it easier for them to find you online.
  • Try to come up with a few good back-up names in case your first choice is taken.
  • Get feedback on your preferred business name from friends, family, customers and other business owners.
“Choosing a business name is an exciting process. You get to begin building your brand and watch your business idea come to life.”

2. How to check if your business name is available

Before you settle on a name, you need to make sure you can register it as your own. Here are a few ways to check to see if your business name is available.

3. Go ahead and register your business name

Once you decide on a name that’s available, you’ll need to register your business with the right government agencies in Canada, which can differ by province. This will protect your new name from being used by other businesses. Your location and business structure will determine where you need to register your business name. Here are some things to consider and next steps.

  1. If you’re a sole proprietor working under your legal name, you don’t have to register your business. However, if you add anything to your legal name such as “Mary Smith Business Advisors”, you typically need to register your business.
  2. If you plan to incorporate your business, you’ll need to register your business name with your local province.
  3. The process to register your business name varies by province according to the Government of Canada. Here’s where you can get started:

Once you register your entity name, your province will prevent anyone else from operating with that name, protecting your unique brand. As an added layer of protection, consider trademarking your business name and the names of your unique products or services.

A trademark can protect your business name on a national level. It prevents similar businesses around the country from using your chosen name. To get started, you can file a trademark application with the Canadian Intellectual Property Office.
If your business name does not match your corporation name, you may need to register a Doing Business As name. A Doing Business As (DBA) allows you to conduct business under an operating name that’s different than your legal business name. DBA requirements vary by location and business type, so check with your local government office for more information.

4. How to choose and register a domain name

After securing your business name, you’ll want to register a domain name for your business website. Create a domain name that’s similar to your company name to keep your brand consistent and make it easy for customers to find you.

A domain name can be just as important as a business name. Customers will probably first learn about your business online, making your domain name the gateway to your business. Consider these suggestions when choosing a domain name:

  • Incorporate keywords in your domain name to improve your website ranking with search engines such as Google.
  • Avoid using a long domain name – keep it short and simple so it’s easy for people to remember.
  • Avoid hyphens and numbers.
  • Do your homework to make sure the domain name is not copyrighted, trademarked or in use by another company.

A domain name extension can be dot com, dot net, dot info, dot biz or any other recognized suffix. Spend the money to register the most popular extensions associated with your new domain name to prevent a competitor from misdirecting online traffic. For example, you may want to buy dot biz in addition to your dot com name.

Once you’ve decided on a name, find an accredited registrar service to secure your business domain name.

5. The bottom line

Choosing a business name is an exciting process. You get to begin building your brand and watch your business idea come to life. And then you can start thinking about next steps financing your business.

The right name can be a major competitive advantage for your business. Try to pick a name that’s unique, descriptive, and will continue to fit your business for years to come.

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