Business Name Explained!
When planning to start a business, one of the crucial things that you must begin in the registration process is to reserve a Business Name. This will prevent another entrepreneur from taking the business name of your choice.
Business name reservation is useful if:
- You are thinking of starting your own business in the future
- You do not want to lose your proposed company name to someone else
- You are trading under a business name as a sole trader or partnership
- You need a non-trading or dormant company but would like to secure your name.
Please note that when the business name has been reserved, it doesn’t mean you have trademark rights over it. That has to be done separately with KIPI!
Who Can Secure
Anyone can secure the company name on your behalf but during the registration process of the company, the owner will be required to fill & sign the documents.
How You Can Start?
You will be required to write a letter to Company Registry to request for name search for the availability of your company names that you will suggest.
As usual, Dealpoa has made this process easy by providing you with a free template in which you can download and customize it for the name search request to the Company Registry, near Sheria House in Harambee Avenue.
Frequently Asked Questions
How Long Does It Takes?
It usually takes 3 days for the result to be ready.
How Much Does It Costs?
Company Registry usually charges Ksh. 100 per company name search.
How Long Can Company Name Be Reserved?
Company name can be reserved for 30 days and thereafter it will be subjected to renewal at the same cost of Ksh. 100 per company name
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