>Contrast this with acquiring a business name through any Department of State/Division of Corporations.
What do you mean by this?
Generally if a corporate name is registered (example: ABC, INC.) most states will not allow another “ABC” to be registered (even if ending in another suffix like “Corp” or even if another type of entity like an LLC).
I had a client in a certain state who registered their entity name as MSG HOLDINGS and wouldn’t you know I got a call from General Counsel of Madison Square Garden one day making an offer to purchase my clients entity solely for the name.
What do you mean by this?
Generally if a corporate name is registered (example: ABC, INC.) most states will not allow another “ABC” to be registered (even if ending in another suffix like “Corp” or even if another type of entity like an LLC).
I had a client in a certain state who registered their entity name as MSG HOLDINGS and wouldn’t you know I got a call from General Counsel of Madison Square Garden one day making an offer to purchase my clients entity solely for the name.