« Forex Trading Signals Starting Information Why You Need a Forex Coach »
What You Need to Know Before Ordering an New Brunswick Name Search Report
Posted in Small Businesses
The report that is generated from the Canadian Nuans name search system is called a New Brunswick Nuans name search report. This program’s purpose is to compare a proposed corporation name to all of the names in its database which are the names of all companies registered as of that date in all provinces and territories Canada with a few exceptions.
You must obtain an New Brunswick Name Search for the proposed name you intend to use for your New Brunswick company at the time you incorporate in the province of New Brunswick. The New Brunswick Nuans name search report allows the New Brunswick government to determine whether your name is available prior to granting you the right to incorporate your company.
The New Brunswick government also requires that a New Brunswick Nuans Report be provided at the time of registering a New Brunswick sole proprietorship, a New Brunswick partnership and a business name on behalf of a New Brunswick company already registered in that province. The Companies Branch in New Brunswick is very careful about granting name clearances and it is therefore very important to ensure your name is very different from any other names already registered. It is advisable to do a preliminary name search before ordering a full New Brunswick Nuans report just to ensure the name is available. Having a preliminary name search performed on your proposed business name will let you know if anyone is using the name prior to your ordering a full New Brunswick Nuans name search report. The reason for this is that once you order the New Brunswick name search it is too late to check the name. If the New Brunswick Nuans report shows that your name is too close to another name your proposed name will be rejected by the government in New Brunswick and it will be necessary for you to order another New Brunswick name search. Keep in mind that the government looks at not just names registered in New Brunswick but those registered right across Canada.
It is important that a preliminary name search is performed prior to ordering your New Brunswick Nuans report because if you just ordered the report and the name is not checked it may be rejected if there are any conflicts. As part of the service, a search house will normally perform the preliminary name search before ordering your New Brunswick Nuans name search report and this will be included in the basic cost of the Nuans. Preliminary name searches are ordered as a separate cost in cases where you do not need to order a full search otherwise they are normally part of the service for a full search at no extra cost. Ensure that you pick a search house that includes the cost of the preliminary as part of the cost of the full Nuans report when ordering a New Brunswick name search. In New Brunswick all business names including sole proprietorships, partnerships, company names and business names registered against companies must be accompanied by a New Brunswick Nuans report at the time of registering.
If you are registering an New Brunswick corporation, you will be required to have a legal element in your name (explained below) but for other registrations such as sole proprietorships, business names and partnerships this will not be necessary.
Below is an explanation of how to pick a name for a corporation however the principles can be applied to business names with the exception of the legal element.
If the name you choose to register is “Ryan Carpentry Inc. , the distinctive element is the word “Ryan”, which is distinctive because it is a last name of a person. Another example of a distinctive element in a name might be “Owen Sound” as in “Owen Sound Garden Supplies Ltd.” which is distinctive because it describes a location. “Treetop Tree Cutting Services Corp.” has the distinctive word “Treetop” in it to make it stand out from other dental service companies.
The descriptive element describes the type of business. In “Capital Mining Inc.”, the descriptive element is “Mining” which describes the nature of business of the corporation. In “Pickering Legal Services Ltd.” the descriptive element is “Legal Services” which describes the type of services this business provides. “Building Supplies” is the descriptive element for “Mack Building Supplies Corp.”.
The Legal Element of Union Dental Services Corp. is the word “Corp.” which is a mandatory ending which recognizes the name as the name of a company. In Canada you can have the following endings for your company name: “Inc.”, “Incorporated”, “Ltd.”, “Limited”, “Corp.”, “Corporation” and the French equivalents of “Ltee.” “Limitee”, “Inc.” (same in English and French) or “Incorporee”, The Legal Element distinguishes your name as a company that issues shares rather than a business name or sole proprietorship which would not have a legal element.
A reputable search house will take the time to try and clear your name by performing as many preliminary name searches as are required to clear your name. Notwithstanding this, the government examiners have different points of view and different methods of clearing names which is not always evident at the time of performing a preliminary name search. Your proposed name could still be rejected even though the search house took the time to check. There is just no guarantee but performing a preliminary name search cuts down the odds that your name will be rejected by the New Brunswick government.
Resources for Canadian Business Owners provides unlimited preliminary name searchs as a free service when purchasing a New Brunswick Name Search Report and can assist with Sole Proprietorship Registrations.
Related posts:
Post a Comment