Quick Answer: Can I Buy A Company Name That Has Been Dissolved?

Can HMRC restore a dissolved company?

Revenue can investigate dormant or dissolved companies In the event that the company has been dissolved, HMRC is entitled to apply for it to be restored to the register, which in practice they would have no hesitation in doing, if the amounts of tax outstanding make the exercise worthwhile to them..

Does dissolving a company affect your credit rating?

A limited company is completely separate. Therefore, entering liquidation will not appear on your personal credit file. However, a defaulted personal guarantee will mark against your report.

How do I protect my business name?

How to Register a Trademark for a Company NameTo register a trademark, go to the U.S. Patent and Trademark Office’s Web site, www.uspto.gov.Don’t add a domain extension to your trademark to prevent others from registering the same name by adding another extension.

Can I use a company name if it has been dissolved?

As a general rule, Corporations Canada will not accept “Canada” or any other term as a replacement for “(2010)” in a successor situation unless the successor corporation is related to the existing corporation which has undertaken to dissolve or to change its name in which case we are really dealing with regulation 21 …

How long does it take for a company to be dissolved?

The dissolution process takes a few months longer than the two years from the date an annual report was last filed (or from the date of incorporation if you never filed an annual report to begin with). But you can expect to lose your company by about the 2-1/2 year mark.

What happens when a Ltd company is dissolved?

If a limited company has been struck off or dissolved, it is removed from the Register at Companies House and its cash and assets transfer to The Crown. In order get these assets back you will usually need to go through a process known as company restoration.

Can you resurrect a dissolved company?

Administrative restoration is a procedure for restoring your company if the business was forcibly dissolved e.g. struck off for not filing accounts on time. It’s possible to apply for administrative restoration by contacting Companies House and completing the administrative restoration form.

Does a company name matter?

Takeaway: Keep it short and simple. It’s not. Keep your company name short and simple. … If they can’t remember the potential name a few days after your conversation, it’s the wrong name.

Can I name my company anything?

Generally, as long as no one else in your state is using that business name, you can call your company whatever you like. Names are doled out on a first-come, first-served basis. … That said, you can run into trademark issues if your business and another’s fall within the same category or are substantially similar.

What does it mean when your company is dissolved?

To dissolve a company, which is also known as ‘dissolution’ or ‘striking off’, is a way of closing down a limited company by removing its name from the official register held at Companies House. Once the name is removed from the register, the company no longer legally exists.

Can you trade under a dissolved company?

In legal terms, when a company is dissolved, it ceases to exist. It cannot still be trading – although a person may trade (misleadingly) using its name. … Assuming that you entered into the contract with your customer before the company was dissolved, then the company was never your customer.

What happens to directors when a company is dissolved?

Once a company goes into liquidation, creditors holding personal guarantees will pursue the directors to pay the outstanding company debt. The creditors that will almost always have a personal guarantee include, a financing bank, a landlord, and any major suppliers.

What is the difference between dissolving and liquidating a company?

Liquidate means a formal closing down by a liquidator when there are still assets and liabilities to be dealt with. Dissolving a company is where the business is struck off the register at Companies House because it is now inactive.

Can 2 companies have the same name?

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. However, you are right in that there could be intellectual property issues (namely, trademark) when two companies have the same name.

Can I buy a dissolved company?

Buy a dissolved company’s assets You may be able to claim or buy an asset belonging to a dissolved company by asking the body representing the Crown. … you want to buy other assets of the company like shares, trade marks or copyrights. you’re a shareholder trying to get cash held by the company.