While the SSN is required to obtain an EIN, it isn’t required to form a new corporation or LLC (at least, in the states where I have done so). So, yes, someone can form a new entity using your name and address.
What can you do if someone opens a business in your name?
If someone uses your name, simply showing proof that you’ve trademarked the name could be enough to convince a business to choose something else. Most importantly, if you must go to court, you’ll have legal proof that you registered the name. However, you don’t have to trademark your business name to protect it.
Can you start a business without using your name?
If you start a company without registering it, you will be regarded as a sole trader, even if you do not intend to be one. … In most states, businesses are required to register or obtain a business license before they can operate legally, but this procedure is different from organizing or incorporating a company.
Can two 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.
Do small businesses have credit scores?
Business credit scores range from 0 to 100. Major business credit reporting agencies Dun & Bradstreet, Experian, and Equifax produce business credit scores and reports. FICO scores for small businesses are known as “FICO SBSS.” If you try to compare business credit to personal credit, you’re likely to get frustrated.
Can you start an LLC without a name?
It is possible to own a LLC, and not have your name disclosed publicly.
Can you run a business without an LLC?
You don’t need an LLC to start a business, but, for many businesses the benefits of an LLC far outweigh the cost and hassle of setting one up. … You can also get those things by forming a corporation or other type of business entity. It’s also perfectly legal to open a business without setting up any formal structure.
Can you have similar business names?
A business name generally can be protected as a trademark under federal and state trademark law. … As a general rule, if someone in a similar field to yours is already using a particular business or organization name, you should not use it, nor should you use a name that would be confusingly similar.
Do I really need to trademark my logo?
Since trademarks are used to identify a company or brand, it makes the most sense to file for trademark protection on the brand name, logo or image. … So, if you are investing in a brand image, you should seek a trademark registration to protect it. But, your image may also qualify for copyright protection as well.