Advantages of registering trademark with an LLP startup: you can take advantage of an elegant use of the limited liability partnership structure by using it to protect your business name and trademark. If you want to know more, Coddan can help, call us or drop an e-mail, if you are interesting about LLP incorporation with the trademark registration. You may be a sole trader and not want to form a limited company with UK trademark registration with its stringent tax filing regulations. But if you don't register your business name then a competitor is free to take it and trade off your reputation or, worse, damage yours.
But with an LLP, which can be set up with the help of nominee members to protect your identity, your trademark and name is protected and the filing requirements are largely similar to that of a sole trader. As the LLP is governed under a hybrid of company and partnership law, it is much more flexible and less demanding than a full limited company incorporation with the UK trade mark registration.
An LLP offers other advantages, too. Like a limited company it protects individual members' personal assets. It is also suitable for overseas clients who wish to organise all their business through the LLP and then draw profits in a highly tax efficient way and it also protects global partnerships from claims arising in other territories.
So if you have a great name, your business has heritage, you have a clever logo or even a great slogan, you can protect all of them with an LLP and the help of Coddan Ltd.
There are many reasons to register a trademark. It could be to protect your LLP's identity, logo or even a clever slogan that encapsulates your product or service. In addition, if you have spent time, effort and money to build up your business and establish your good name, you do not want a competitor stealing your concept and taking profits that should rightfully be yours.
Not only that, a trademark is a commodity in itself and can be sold later on, or licensed for use by others who wish to capitalise on its fame. We can help with the whole LLP registration process, including doing the search to make sure there is no identical or similar trademark already registered - a critical part of the process and something you should do before investing in your trademark at all.
The registration process can take a while, as much as six months if there are no objections and even a year if there are problems. It is important, then, to get the application right to avoid the frustration of rejection, as you also will not receive a refund if that is the case and you will be back to square one with your application.
We can advise and help you get accepted first time by helping you propose the right combination of words and pictures, if it is a logo, and making sure you have the right number of distinctive elements to get past the review board.
Did you know, for instance, that a slogan would not count as a trademark if the registration authority sees it as just a description of your services, contains a phrase that is customary in your trade, is not distinctive, is considered misleading in any way or looks like another firm's trademark? We know all of this, so can save you some costly mistakes.
We can also deal with queries and objections on your behalf, presenting evidence to the examiner if they have outstanding questions about your application. Many applications fall at this hurdle simply because they do not deal with the process correctly, with years of experience in the field Coddan can take this off your hands and keep your application on track.