Friday 6 April 2018

How to Keep a Company Name Safe

I decided, I would become a merchant. The strategy for a successful business with catering services is in my head. Just a little more money to save and I'm ready for registration. Does this sound familiar to you? If so, passi & pagel mississauga will help you turn this idea of yours into reality.
By law, the company is one of the markers of the trader, with which he is individualized and distinguished from the other "players" in the market and two traders cannot have the same company name. Therefore, as a future trader, the Trade Register gives you the opportunity to keep a company before you are registered. For this purpose, you can apply under Model D1. For this service, you will pay a fee in advance.
 Important! If you want to make sure you will not pay the fee in vain before we start the retention procedure, you can check whether the name you have chosen is not already occupied. For this purpose, you can make a free reference here.

Applications are considered in the order they were received. That is, the first time is first in law. If I have any doubts that someone else intends to register under the same company, it is better to hurry.

If the application is correct, the official inserts the information into the list of reserved companies. If something is wrong, you will be given instructions to remove the irregularities.

Once this has successfully been executed, you can get a certificate of a firm, that is, to have a document certifying your rights.
List of saved businesses

Access to the list of saved businesses is free through the site of the registry. The list consists of consignments of the reserved companies. For each registered business, the following information is provided:

    company - the name under which you will perform commercial activity;
    writing the company in a foreign language (optional);
    deletion of the preservation - I can only ask for myself as an interested person;
    interested party - details about me: name / company / name and PIN / PIN / UIC / BULSTAT code, in what quality to the trader or the branch of a foreign trader to be registered I submit the application (partner, manager, sole proprietor and etc.);
    date of entry - automatically filled in;
    end date of expiry of the right to protection.

Does it matter when you will register as a reseller with a reseller?

Yes! The action of the preserved company is limited to 6 months. If within this period you file an application for entry and successfully enroll as a trader or receive a denial and appeal, you can be calm - the time is extended until the appeal is closed. If you decide not to appeal and submit a new application for registration, the time limit is extended until the registration is complete.

Important! You cannot transfer to another person the right to the reserved company. If you have reached a deal with someone, then you have to wait for the 6-month deadline, after which you lose the right to it. Thereafter, the person must immediately file an application to keep the same company on his own behalf.
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