Company Name or Legal Entity Name
Company Name or Legal Entity Name: First Step in Creating Your Business in Barcelona
When starting a business, one of the first and most important steps is to choose the company name or legal entity name. This name will legally identify your company and will be essential for all future procedures. At AGL Consultores, a legal advisory firm in Barcelona, we help you choose and correctly register your company name to ensure it complies with legal regulations. In this article, we explain how to choose the legal entity name of your company and the necessary steps for its registration.
- What is the Legal Entity Name?
The legal entity name is the official and legal name under which a company is registered in the Mercantile Registry, and under which all its commercial operations are carried out. This name must meet certain legal requirements to avoid conflicts or confusion, and it is essential that it be unique across Spain.
At AGL Consultores, a legal advisory firm in Barcelona, we guide you through the entire process of choosing and registering the name to ensure everything is in order from the beginning. - Differences between Legal Entity Name and Trade Name
Entrepreneurs often confuse the legal entity name with the trade name. However, both serve different functions:
- Legal entity name: This is the name officially registered with the Mercantile Registry and must be unique.
- Trade name: This is the name the company uses publicly, and it may differ from the legal entity name. It is more marketing-oriented.
If you’re unsure which name to choose in each case, AGL Consultores, a legal advisory firm in Barcelona, can advise you on the best strategies to ensure your company complies with all legal requirements and stands out in the market.
- Legal Requirements for the Legal Entity Name
In Spain, there are specific requirements for registering a legal entity name:
- It must be unique: No other company can have the same name.
- It must not be misleading: The name must not cause confusion about the company’s nature or activity.
- It must comply with regulations: The use of names protected by copyright or infringing trademarks is not allowed.
At AGL Consultores, we help you verify that your chosen name meets all legal requirements before proceeding with registration.
- How to Choose a Legal Entity Name
Choosing a legal entity name can seem like a complex process, but at AGL Consultores, a legal advisory firm in Barcelona, we are here to simplify it. Here are some tips that may help:
- Originality and clarity: Choose a name that is unique but also clearly represents your company’s activity.
- Long-term vision: Ensure the name allows for future expansion or diversification of your business.
- Consult the Mercantile Registry: Check the availability of the name before making a final decision.
- What If the Name Already Exists?
If the name you want is already registered, don’t worry. At AGL Consultores, a legal advisory firm in Barcelona, we offer alternatives to modify the name to meet regulations without losing your essence. Some solutions include:
- Adding terms that differentiate your activity or geographic location.
- Using abbreviations or initials to make the name unique.
- The Legal Entity Name Registration Process
Registering the legal entity name requires following a series of legal steps:
- Preliminary consultation: Verify availability with the Mercantile Registry.
- Request for negative certification: Once verified, request the negative certification, which confirms your name is unique.
- Name reservation: This certificate allows you to reserve the name for six months to establish the company.
When requesting a legal entity name with the Mercantile Registry, you can submit five possible names for the same cost, ensuring the options are distinct to increase the likelihood of approval.
Conclusion: Choosing the legal entity name is one of the most important steps in creating a company. At AGL Consultores, a legal advisory firm in Barcelona, we accompany you through this process, ensuring that the name you choose complies with regulations and accurately reflects your business. Don’t leave this crucial decision to chance.
If you need more information or personalized advice on how to choose and register your company’s legal entity name, contact AGL Consultores, a legal advisory firm in Barcelona, and our experts will be happy to assist you throughout the process. Click here to request more information!