A short instructional video explaining how to choose a name for a new corporation. The speaker emphasizes that every corporate name needs a descriptive element (e.g., holdings, active business) plus a legal element (e.g., Corp., Inc., Ltd.), and that the choice between styles is largely personal/aesthetic.
Chapters
So you're setting up a new corporation for yourself, your business, your real estate investments, whatever that is, and you're confused at how to name it, whether it should be a numbered company, whether it should include Corp. Corporation Inc. Incorporated limited limited what does any of that mean, and what are the differences? So let me simplify this for everybody. It's really a matter of personal preference. The legal entity just needs to have a descriptive factor. You have to pick one, but you essentially choose the one, aesthetically that feels the best for you. It has to have a descriptive factor, whether it's holdings, whether it's the active business that you're involved in. It's got to have a descriptive factor and then a legal element at the end. Again, choose which one fits you.