Entrepreneurship Major = I have a Dream

[sapple89]

Quick Introduction
Ever since I was a little kid, I have been fascinated with cars. As I started to grow older I no longer wanted to be an astronaut or NBA player. Instead, I knew my destiny lied in the Auto industry. Now I am currently studying to get my business degree and am in the early planning stages. (2 years early). As I attend college I plan to create and execute a well thought out business plan

My plan

My plan is to open up a collision repair shop here in San Diego, California. I'd love to call it " San Diego Motor sports as I plan to expand into the after market and accessory business. Unfortunately, I haven't started my third year in college so I don't know much about starting a business. I really love the name and am absolutely set on keeping it.

My questions
How can I patten, protect, or reserve this name so others can not steal my name?

more questions to come.....

 

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[MJ DeMarco]

Protection might not be possible since the name is generic. Don't quote me though, I'm no lawyer and you will need to seek an attorney to find out.

However, you might be able to register the name as an LLC with your state/county -- then it is yours to own. The process is pretty easy here in AZ, not sure about CA.

 

[neverfastenough]

Protection might not be possible since the name is generic. Don't quote me though, I'm no lawyer and you will need to seek an attorney to find out.

However, you might be able to register the name as an LLC with your state/county -- then it is yours to own. The process is pretty easy here in AZ, not sure about CA.

Filing an LLC in Cali is relatively simple. Just fill out a form and I believe it's a $75 application fee.

 

[sapple89]

Filing an LLC in Cali is relatively simple. Just fill out a form and I believe it's a $75 application fee.

I was under the impression an LLC requires about $1,000

 

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[neverfastenough]

I was under the impression an LLC requires about $1,000

Application fee is $70. Minimum yearly tax is $800.

The form: http://www.sos.ca.gov/business/llc/forms/llc-1.pdf


San Diego Motorsports is taken btw. California Secretary of State - California Business Search - Limited Partnership / Limited Liability Company Search Results

 

[sapple89]

I believe my name should be plausible even though its very generic. For example,
Unique Autosport is arguably the most well known company in the after market industry. How is it that they were able to reserve rights for their name?

I understand they trademarked their logo, but whats stopping someone else from starting a shop with the same name?

UNIQUE AUTOSPORTS

 

[Kung Fu Steve]

Warning: Off-topic

Why do so many suggest LLCs?

It seems to me that S-Corps are superior for a B&M business? Am I missing something?

Ok

fftopic:

 

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[TaxGuy]

welcome and from a fellow car enthusiast good luck with your idea!

For quite some time it was my dream to own a body/tuning shop but with a shop there's so much overhead and competition, best bet is to aim for the hi-end/exotic market and be the best as opposed to general tuning.

Then again as far as the potential there is a guy named "The Sheikh of Detroit" whose personal collection includes a Reventon and rivals those of the infamous oil sheikhs in the Middle East and he became successful from Corvette shops

 

[sprite]

Application fee is $70. Minimum yearly tax is $800.

The form: http://www.sos.ca.gov/business/llc/forms/llc-1.pdf


San Diego Motorsports is taken btw. California Secretary of State - California Business Search - Limited Partnership / Limited Liability Company Search Results

Is the minimum yearly tax a California thing? It does not apply to Nevada registered LLCs right?

 

[neverfastenough]

Is the minimum yearly tax a California thing?

yes

It does not apply to Nevada registered LLCs right?

I don't believe so

 

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