This is an important issue and great that you are investigating it before taking steps. There are many factors to consider. What is your "end game" with the dance studio? Do you just want a dance studio? Do you want to have a dance studio, and maybe branch into additional products and services related to dance? Do you want to be able to sell the business? Based on your answer, your LLC name will be impacted.
You do not want to name your LLC dance studio, if you think you will do any other business than just dance studio. Also, if you think you want to sell the business, you may not want to use your names, or if you think one member may not be in for the long haul, you may not want to use that name. Tax authorities have been known to look at the name of the LLC such as "Smith & Jones, LLC" to indicate tax liability, even is "Smith" or "Jones" are no longer part of the business and the governing documents say otherwise.
Also, you cannot use names such as bank, trust, trustee. California law requires the name include LLC, Ltd., Limited Liability Company, or L.L.C. You cannot use any other similar name or reserved name. You can search availability on line.
You can choose a more general name and then obtain a Fictitious business name for the Dance Studio. So you could name it Orbit, LLC. Then have a d/b/a Sunshine Dance Studio. If there's a need to expand, get another d/b/a, "Sunshine Fitness". and then if you develop a product, d/b/a. "Sunshine Sport Drink".
The best advice is to speak with an attorney to develop your business plan, and end game. Work from there to develop a marketing plan that would include the best name for your goals.
This is an important issue and great that you are investigating it before taking steps. There are many factors to consider. What is your "end game" with the dance studio? Do you just want a dance studio? Do you want to have a dance studio, and maybe branch into additional products and services related to dance? Do you want to be able to sell the business? Based on your answer, your LLC name will be impacted.
You do not want to name your LLC dance studio, if you think you will do any other business than just dance studio. Also, if you think you want to sell the business, you may not want to use your names, or if you think one member may not be in for the long haul, you may not want to use that name. Tax authorities have been known to look at the name of the LLC such as "Smith & Jones, LLC" to indicate tax liability, even is "Smith" or "Jones" are no longer part of the business and the governing documents say otherwise.
Also, you cannot use names such as bank, trust, trustee. California law requires the name include LLC, Ltd., Limited Liability Company, or L.L.C. You cannot use any other similar name or reserved name. You can search availability on line.
You can choose a more general name and then obtain a Fictitious business name for the Dance Studio. So you could name it Orbit, LLC. Then have a d/b/a Sunshine Dance Studio. If there's a need to expand, get another d/b/a, "Sunshine Fitness". and then if you develop a product, d/b/a. "Sunshine Sport Drink".
The best advice is to speak with an attorney to develop your business plan, and end game. Work from there to develop a marketing plan that would include the best name for your goals.
This is an important issue and great that you are investigating it before taking steps. There are many factors to consider. What is your "end game" with the dance studio? Do you just want a dance studio? Do you want to have a dance studio, and maybe branch into additional products and services related to dance? Do you want to be able to sell the business? Based on your answer, your LLC name will be impacted.
You do not want to name your LLC dance studio, if you think you will do any other business than just dance studio. Also, if you think you want to sell the business, you may not want to use your names, or if you think one member may not be in for the long haul, you may not want to use that name. Tax authorities have been known to look at the name of the LLC such as "Smith & Jones, LLC" to indicate tax liability, even is "Smith" or "Jones" are no longer part of the business and the governing documents say otherwise.
Also, you cannot use names such as bank, trust, trustee. California law requires the name include LLC, Ltd., Limited Liability Company, or L.L.C. You cannot use any other similar name or reserved name. You can search availability on line.
You can choose a more general name and then obtain a Fictitious business name for the Dance Studio. So you could name it Orbit, LLC. Then have a d/b/a Sunshine Dance Studio. If there's a need to expand, get another d/b/a, "Sunshine Fitness". and then if you develop a product, d/b/a. "Sunshine Sport Drink".
The best advice is to speak with an attorney to develop your business plan, and end game. Work from there to develop a marketing plan that would include the best name for your goals.
This is an important issue and great that you are investigating it before taking steps. There are many factors to consider. What is your "end game" with the dance studio? Do you just want a dance studio? Do you want to have a dance studio, and maybe branch into additional products and services related to dance? Do you want to be able to sell the business? Based on your answer, your LLC name will be impacted.
You do not want to name your LLC dance studio, if you think you will do any other business than just dance studio. Also, if you think you want to sell the business, you may not want to use your names, or if you think one member may not be in for the long haul, you may not want to use that name. Tax authorities have been known to look at the name of the LLC such as "Smith & Jones, LLC" to indicate tax liability, even is "Smith" or "Jones" are no longer part of the business and the governing documents say otherwise.
Also, you cannot use names such as bank, trust, trustee. California law requires the name include LLC, Ltd., Limited Liability Company, or L.L.C. You cannot use any other similar name or reserved name. You can search availability on line.
You can choose a more general name and then obtain a Fictitious business name for the Dance Studio. So you could name it Orbit, LLC. Then have a d/b/a Sunshine Dance Studio. If there's a need to expand, get another d/b/a, "Sunshine Fitness". and then if you develop a product, d/b/a. "Sunshine Sport Drink".
The best advice is to speak with an attorney to develop your business plan, and end game. Work from there to develop a marketing plan that would include the best name for your goals.