The Entrepreneur’s Corner

A business name is important. It can tell the public what you offer, it can distinguish the business from others and it can cause the business owners problems if not carefully considered.

Many new business owners spend a great deal of time thinking up their business names without clearing the name before using it and then not properly using it once they get going. A business name is the commercial name a business uses and it may not be the same as the name of the corporation or limited liability company that owns the business.

A few simple checks can help relieve a business owner from name problems in the business down the road.

The first thing a business owner should check is whether the name is available for use as a name for a business entity at the Virginia State Corporation Commission. If the chosen name is not available, keep trying until you have a name that you can use.

The exact name of the business entity, including the “Inc.” or “LLC” at the end, is the name of the entity and the name that has to be used if nothing else is done. These endings are what inform customers that they are not dealing with an individual, but a business entity when they do business with you.

Many people drop the Inc. or LLC and do not realize that by doing that, they individually are using the name and that the corporation or LLC is no longer involved in the business.

The business name should also be checked for violations of another’s trademark rights before using it. This can be easily checked online at the Patent and Trademark Office for federal trademarks and at the State Corporation Commission for state trademarks.

How does a business use just the good part of its name without the Inc. or LLC and how do multiple businesses use the same name, like in a franchise system? This is done by filing what is called a Certificate of Assumed Name – a fairly simple document that says what the business entity’s true name is, what name it wants to use in business and the address at which it will use the name.

This document gets filed at the Circuit Court in the jurisdiction where the business is located and a certified copy of that filing gets filed with the State Corporation Commission.

That way, members of the public can know that the McDonalds at a certain address is really owned by a franchisee called XYZ, LLC and not McDonalds Corporation. All of this information is available publicly, so everyone is considered to have access to it.

Jim Wilson is an attorney who works with people starting, buying, selling and financing businesses and franchises. He has almost 20 years’ experience working with small businesses in the Richmond area. You can contact him at .(JavaScript must be enabled to view this email address).
Bail Bonds Chesterfield VA

Glen Allen HS student earns playwriting residency


A play written by a Glen Allen High School junior was selected, along with seven others, to be performed professionally this summer through a nationally acclaimed Virginia high school playwriting program.

47B, a play written by 16-year-old Glen Allen High school student Dominique Dowling, was chosen by New Voices for the Theater, a playwriting competition sponsored by the School of the Performing Arts in the Richmond Community, from a pool of more than 150 plays by high school students in the state. > Read more.

Missing Eastern Henrico man found dead

Henrico Police have found the body of a missing Eastern Henrico man.

The body of 25-year-old Taj Rashad Bullock, who was last seen June 10 in Eastern Henrico, was found June 20 in a wooded area in that part of the county. > Read more.

Henrico Schools to participate in USDA summer food service


Henrico County Public Schools, through its Division of School Nutrition Services, will participate in the 2017 Summer Food Service Program administered by the US Department of Agriculture. The program provides meals to students enrolled in Henrico Schools summer programs or in those run by the Henrico County Department of Recreation and Parks.

Food service will be provided Monday through Thursday each week. (All sites will be closed Tuesday, July 4, in recognition of Independence Day.) Breakfast will be served from 7 a.m. to 9 a.m. Lunch will be served between 10 a.m. and 1 p.m., but specific lunch times will vary depending on the site. > Read more.

Henrico to offer July 20 class on treating opioid overdoses with naloxone

The Henrico County Division of Fire and Henrico Area Mental Health & Developmental Services (MH/DS) will present a free class Thursday, July 20 on how to administer naloxone to potentially save the life of someone who has overdosed on opioids.

The Revive! Opioid Overdose and Naloxone Education for Virginia class will be held from 5:30 to 7 p.m. at the MH/DS offices at 4825 S. Laburnum Ave. > Read more.

Crime Stoppers’ Crime of the Week – June 20, 2017


Police in Richmond are still looking for the person who they say robbed the FasMart at 2107 Semmes Avenue. Crime Stoppers needs the public's help identifying this suspect.

The robbery occurred at approximately 12:45 a.m. on Wednesday, May 31. The suspect entered the store pointing the weapon at the store clerk. As the suspect walked toward the counter, a second employee approached the suspect and grabbed the barrel of the weapon. > Read more.

Henrico Business Bulletin Board

June 2017
S M T W T F S
·
·
·
·
·

Calendar page

Classifieds

Place an Ad | More Classifieds

Calendar

The Henrico County Historical Society will hold its annual meeting at 2:30 p.m. at Walkerton Tavern. The speaker will be Dr. Louis H. Manarin who will present “Henricoans I Have Encountered.” Manarin, a historian and former state archivist of the Commonwealth, is the author, co-author and editor of 12 books on Virginia and North Carolina history, including “The History of Henrico County.” He has been a resident of Henrico County for over 35 years. The Henrico County Historical Society is celebrating its 42nd anniversary this year. Full text

Your weather just got better.

Henricopedia

Henrico's Top Teachers

The Plate