Friday, May 16, 2008

Elements of a Corporate Name

A corporate name should consist of 3 elements:

1)-a distinctive element;
2)-a descriptive element and;
3)-a legal element.

The distinctive element can be a dictionary word or a word thought of by the user in order to produce a unique name and distinguish it from others. It can consist of initials, a made-up word, a last name etc.

The descriptive element is a word or words that describe the type or nature of the business.

The legal element is mandatory and identifies the name as a corporation. You must use one of the following:

i) Limited, Ltd. or;
ii) Corporation, Corp., or;
iii) Incorporated, Inc.

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