Finding The Perfect Company Name While Setting Up A GmbH In Germany

While forming a GmbH in Germany it is of great importance to give it a cleverly picked name which can give the necessary recognition and value to the company and set it apart from the competition. But, it is also the fact that not every name can be given to a GmbH company in Germany.

The company name is the name under which the company will be publicly known to the world. Thus, a well-crafted name will give a first good impression about the company to the potential customers as well as stakeholders. The company name must be in line with the statutory provisions of the German Civil code, German Commercial Code and German Limited Liability Companies Act.

Here are some of the important Legal regulations associated with the company’s name:
  • Mandatory Appendix
The legal form of the company needs to be clearly stated in the name of the company. Thus, if you are setting up a GmbH in Germany, adding ‘GmbH’ or ‘GesellschaftmitbeschränkterHaftung’ is mandatory. Another option is to integrate the legal form of the company in the name of the company itself. It is totally at the option of the founders setting up the company.
Related image
  • Identification
The name of the company should be in a position to clearly identify the company and have a distinct character. Giving generic names or generic industry names to the company is not considered enough to identify the company and distinguishing it from the rest. For instance, giving your company name as payroll Germany, serves no purpose as no one will be able to distinguish it from the other companies dealing in the same industry. Also, homophones are not considered admissible as company’s name.
Image result for Identification
  • Misleading Information
The company’s name should not be the carrier of any sort of misleading information. This means the chosen company’s name should not provide any sort of misleading information or an inaccurate impression about the company. One must thus abstain from using certain words or group of words which are considered misleading. Any connotation in terms of using foreign names, production location, size of the factory or industry or holding, quality, activities etc. should be given a miss!
Related image
  • Abbreviations
Use of letter sequences at the time of naming a GmbH should be avoided. Also the use of name series is not considered appropriate at the time of naming a GmbH company. For instance naming a company as ABC GmbH or AB256 GmbH is not acceptable in the legal provisions of naming a GmbH in Germany. Since, the special characters cannot be communicated, thus, use of special character in the name of a GmbH is also prohibited.
Image result for Abbreviations
Closing Thoughts

Choosing a short, crisp and catchy name which is easy to remember is a must at the time of choosing name for your GmbH company. It is also important to check the availability of the name in advance to avoid the difficulties at a later stage. It is imperative to use an original name for the company in order to stand out of the competition. Always keep in mind that any sort of unlawful use of the name of the company may lead to company abuse procedure.
Location: Germany

Comments

Post a Comment

Popular posts from this blog

Features That Ensuring An Efficient Multinational Business Operation

Image
In a time, when maintaining business operations in numerous countries, has become a norm, organizations need to work harder to ensure their success. However, setting up a success multinational business comprises of various factors, including using the right strategies for company formation Germany or any other country to hiring the most competent employees. Sadly, most business organizations intending to operate on an international level are unaware of the key aspects that they need to focus on for establishing an efficient multinational business. The most important of these aspects are discussed in brief as follows.   Payroll Services : Having the right global payroll technology in place is essential to ensure the smooth operation of a business across multiple locations. It is essential to not only reduce the overall cost and time taken for payroll processing but also to reduce the risk of pay issues, errors and fraudulent practices. An efficient global payroll system also ens
Read more

Familiar With The Legal Aspects Of Setting Up A GmbH In Germany

Image
Germany is one of the few countries with a booming business culture ranging from small and medium sized businesses to large conglomerates. The German government supports the establishment of businesses of all types and sizes by both local citizens and foreign investors. Hence it is not really surprising that a large number of budding entrepreneurs find the prospect of forming a company in Germany , especially a GmbH type company, quite appealing.   A Brief Overview Of GmbH GmbH is the acronym for Gesellschaft mit beschränkter Haftung (GmbH) and is comparable to a limited liability company in other parts of the world. It offers the combined benefits of high flexibility and relatively few obligations making it a preferred choice for establishing small and medium businesses. Setting up this type of company does not make the shareholders personally responsible for the any debts of the company. A GmbH is can be set up by a single individual with a minimum capital of €25,000 and it
Read more

Challenges Faced By Organizations In Managing Human Capital Efficiently

Image
Businesses, especially the ones in their initial growth stages, have to numerous challenges. While most organizations consider cash flow, revenue growth and competition to be the major problems they need to tackle, only a few realize that it is actually the efficient management of human capital that can prove to be the biggest issue they are likely to face. This is due the fact that the process of managing human capital is generally quite complicated and often requires a lot of planning. The process is completed in multiple stages and tends to be quite expensive, tiring and time-consuming. That is why it is not uncommon for business organizations to hire the services of a professional PEO company Germany for managing human capital. Discussed below are the six key challenges faced by business organizations while managing human capita and how a PEO company can help solve them. Attract Top Talent Skill shortage has emerged as one of the biggest problems being faced by busi
Read more