Risks
By
choosing not to register your business name with "UK
Business Registry Limited" you risk another business
registering the same name as that which you trade under.
If you
copy the name of an existing business, legal action may be
taken against you which may result in a court injunction to
stop you trading, possible legal costs and even damages. Ultimately
it could result in you being forced to close your business
and re-start in a new name which does comply with the "Business
Names Act 1985" and does not conflict with any other
trading business, unnecessary costs such as the reproduction
of stationery, packaging and leaflets would also be incurred.
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