Business names and LLC's

[William Weston]

Hello everyone a seriously dumb and simple questions. 

1. How did everyone determine the name for their business

2. Did you already have your business set and LLC before making your first deal?

Thanks in advance!

[Stuart Udis]

This is something I posted a while ago. If you ultimately decide to proceed with an LLC or any entity for that matter (particularly an entity that is a deed holder), the name you select can have unintended consequences:

The entity name matters for bank paperwork, claims that are brought, lien filings, deed recordings etc. Save yourself the hassle and avoid these common pitfalls no matter how much you like the name or "professional" you believe the entities may appear. Here's a few tips:

1. When selecting your name, don't include a Comma. No Comma's No Drama

2. Avoid ordering your LLC's sequentially or naming your LLC's similarly.