How much should I sell my business name?

The basic cost to trademark a business name ranges from $225 to $600 per trademark class. This is the cost to submit your trademark application to the USPTO. The easiest and least expensive way to register your trademark is online, through the USPTO’s Trademark Electronic Application System (TEAS).

How do I sell my business name?

Names can be transferred simply by composing a bill of sale, assigning it and then recording the transaction with the U.S. Patent and Trademark Office and with any applicable state.

Can a brand name be sold?

Trademarks don’t operate like other types of property. A trademark is inseparable from the goodwill embodied in the mark. Coca-Cola can’t sell its brand name or logo to another company without also selling the reputation of the product itself. A business can sell its equipment, contracts, customer list, you name it.

Can you sell a business and keep the name?

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Selling a business name is necessary when transferring or selling your company to another party. While owners do have the option of maintaining ownership of the name of the business, if it has been decided that the business name will be transferred, then there are many things that need to be considered.

How do you trademark a name?

Registering a trademark for a company name is pretty straightforward. Many businesses can file an application online in less than 90 minutes, without a lawyer’s help. The simplest way to register is on the U.S. Patent and Trademark Office’s Web site,

Can I sell trademark?

The trademark owner can sell it to any legal entity or individual via the process of trademark assignment. By doing so, the owner can allocate the right of his/her trademark to a person or entity. The process of trademark assignment is governed according to the provisions of the trademark act, 1999.

How do I find an old company name?

Contacting the Company You’ll have to locate the owner of the other business to buy its name, which can prove challenging if the business is very old. Try conducting a trademark search at the U.S. Patent and Trademark Office website to see if an owner has registered the name of the business.

Can I sell company products?

You can buy and resell any companies product. However, some companies will offer you a commission for selling their products. The best way to make money selling products is through affiliate marketing, direct sales, whole sale, and drop shipping. You just have to figure out how you’re going to sell the products.

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Do I need to trademark my business name and logo?

Summary. Registering your business name for a trademark isn’t required in order for you to have trademark rights. However, a registered trademark can provide greater protection for your brand while helping you build your brand and drive business growth.

Can I give my business to someone else?

Can a business be transferred to another person? Yes, a business can be transferred to another person, by sale, reapportionment of multiowner businesses or lease-purchase. A business owner can also transfer a business to a person through gradual cash gifts or by bequeathing the business.

How do I verify a business name with the IRS?

Contact the Internal Revenue Service to apply for an Employer Identification Number (EIN). As part of that process, you’ll provide the name you want to use. The IRS representative who processes your application will check their records to be sure your chosen business name is available.

Can you use the Nike logo for personal use?

As long as you do not sell or give away the item. As long as you put it on the article of clothing yourself, and wear it yourself for personal use, and not portray yourself as a corporate spokesman or representative, you can wear any logo you want.

Can I buy an abandoned trademark?

If you want rights to an abandoned trademark, the best action is to obtain a federal registration with the USPTO. You can do this by filing an online application on the USPTO’s website, which includes your contact information, a drawing of your mark, a description of the associated goods or services and a filing fee.

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Can I use an old business name?

If you have done your due diligence, you can confirm that the company of the name you want has been dissolved, the name is not active in any other states or trademarked federally, and the company who was the original holder of the name was not one that is going to paint your company in a bad light by using the name, …

How do you value a small business based on revenue?

Small business valuation often involves finding the absolute lowest price someone would pay for the business, known as the “floor,” often the liquidation value of the business’ assets, and then determining a ceiling that someone might pay, such as a multiple of current revenues.

How do you value a small business based on profit?

That is, find the average of similar public companies’ market cap divided by their profit, to get the average profit multiple for similar companies. Then, use that number to multiply it to the profit of the company you’re valuing.