Can I start a business that already exists?

The short answer to what to do if your startup idea already exists is, don’t be discouraged, you can still build a successful startup. Competition is a good sign. The point is, building a startup will always come with challenges with or without direct competition.

Is every idea taken?

The truth is, no matter what you come up with, your idea will almost always be taken. But, many times, that’s actually a good thing. One of my least favorite phrases in the world is “that’s already been done.” Of course, it’s already been done.

Can I call my company the same name as another?

You can use as many business/trading names as you like, but you should avoid using one that is the same as the registered name of a company in the same industry. This could be viewed as ‘passing off’, which would mean you were taking advantage of a company’s goodwill and trust.

Can a company in another state have the same business name?

Opinions expressed by Entrepreneur contributors are their own. Because business names are registered on a state-by-state basis, the fact that a company in another state has the same name as yours is usually not a cause for concern.

Can a business name be too similar to a competitor’s name?

In general, trademarks are in place to prevent a business from using a business name that is likely to be confused with a competing business. If you choose a name for your business that is a little too similar to the name of a competing business, that business may accuse you of infringing on its trademark rights.

Can a local company register a trademark in another country?

But if the company is just a local company, it should not stop you from registering your trademark in your country. Keep business at full speed while staff recharge. Hire in-demand talent to keep projects moving.

Should I register a fictitious business name?

Many small businesses often register a fictitious business name without ever registering it as a trademark or putting it online. If you find a name that is the same as, or very similar to, the business name you have chosen, you should think twice about using it. 3. Databases Containing Names of Corporations, LLCs and Limited Partnerships