When it comes to running a business, the business name is a vital part of marketing yourself. Your Employer Identification Number, or EIN, is linked with the name of the business. As you would expect, finding out that another business has the same name as yours can potentially be a problem. You are probably wondering what exactly happens if you make this discovery. It is a good idea for business owners to have a good understanding of this situation, regardless of whether it has happened or not. So, can two companies have the same name?
Rely on IRS EIN Tax ID Filing Service
If two businesses with the same name are revealed, what happens next depends on many factors. First of all, there is not a problem if the two businesses are in different geographic locations or industries and have the same business name. The key concept to remember is that the consumer should not be confused. If the two businesses offer two completely different services, there likely will not be a problem if they have the same name. Likewise, if there is the same business name in different countries, they can both share the name. If, however, two businesses have the same name, serve the same geographic demographic, and operate in the same industry, one of the businesses will have to change their name and apply for a new EIN, and the other can keep it. In this case, it is usually the business which had the name first that gets to keep it.
IRS EIN Tax ID Filing Service is a huge benefit to any business owner who wants to understand complicated government processes or is undertaking one of these processes. From LLC tax ID number to sole proprietor tax ID number, IRS EIN Tax ID Filing Service has all the information you need to make informed decisions. Additionally, our system guides business owners through government processes, explaining every step thoroughly. Take advantage of our site and the 24/7 customer support we offer to answer any questions you may have.