The name of a sole proprietorship can be called factory, store, department, center, studio, etc. According to Article 6 of the Measures for the Registration and Management of Sole Proprietorships, the name of a sole proprietorship shall comply with the relevant provisions on name registration management and shall be consistent with its form of responsibility and the business it engages in. The words "limited", "limited liability" or "company" may not be used in the name of a sole proprietorship.
With the rapid development of my country's social economy, some people, after working part-time and accumulating a certain amount of wealth, are more inclined to work for themselves and personally invest in running enterprises. There are also relevant legal provisions for the name of a sole proprietorship, and it is not decided based on one's own personal wishes. So below, the author will introduce to you what are the regulations for the name of a sole proprietorship? For your reference.
1. The meaning of a sole proprietorship A sole proprietorship is an enterprise that is funded and operated by an individual, is owned and controlled by an individual, bears the operating risks and enjoys all operating profits. A sole proprietorship that operates as a sole proprietorship has unlimited financial liability, and the borrower can seize the owner's personal property in the event of bankruptcy.
II. Provisions on the name of a sole proprietorship 1. The enterprise shall enjoy the right to name from the date of its establishment. According to Article 11 of my country's Sole Proprietorship Law, the name of a sole proprietorship shall be consistent with its form of responsibility and the business it engages in. 2. Because the property of a sole proprietorship is owned by the investor personally, the investor shall bear unlimited liability for the debts of the enterprise with his personal property. When the company's assets are insufficient to pay off the company's debts as they mature, investors must use all of their personal property to pay off the debts. Therefore, the "Registration and Management Measures for Sole Proprietorships" stipulates that a sole proprietorship cannot use the words "limited" or "limited liability" in its name, nor can it be called a "company". This differentiates a sole proprietorship from a company, partnership or other sole proprietorship name. An enterprise shall indicate its organizational form in its name based on its organizational structure or form of responsibilities. 3. The name of a sole proprietorship must be consistent with the business it is engaged in. The name of the enterprise can be the name of the natural person investor. An enterprise shall indicate its industry or business characteristics in its name according to the categories it is responsible for and in accordance with the national industry classification standards. The industry description in the name of the enterprise shall be a term that reflects the national economic industry to which the enterprise's economic activities belong or the characteristics of the enterprise's operations. The content expressed in industry terms in the company name should be consistent with the business scope of the company. 4. Enterprises can use the name of the country (region) or the place name of the administrative division above the county level after the font size in the name. 5. Enterprises are only allowed to use one name, and names that have not been approved and registered are not allowed to be used. When an enterprise applies for registration, the enterprise name shall be approved by the competent authority for registration of the enterprise name. The company's official seal and the name used in the bank account should match the approved and registered name. The enterprise name can only be used after approval and registration, and it enjoys exclusive rights within the prescribed scope. 6. Enterprise names that belong to provincial-level administrative divisions should first undergo preliminary review by the local city or county industrial and commercial bureaus and provide clear review opinions before being stamped with a special enterprise name seal. Application materials: "Application Form for Pre-approval of Enterprise Name" signed by all investors (including the power of attorney and a copy of the ID card of the designated representative or the same authorized agent). 7. Instructions for filling in materials: The submitted documents and certificates should be submitted in addition to their copies (the copies should be signed by the submitter with the words "consistent with the originals" and the name of the submitter should be left). Processing time limit: period: 10 days; commitment period: the same day. Processing procedures: Accept → Complete. Charging basis and standard: None. The above are the regulations on the name of a sole proprietorship. In practice, when handling a sole proprietorship, it is very necessary to understand the regulations on the name of a sole proprietorship when registering. There are relevant legal provisions on the name of a sole proprietorship. At the same time, the name of the company is also related to the image of the company. A good name gives people different feelings and cannot be chosen randomly.