My partner and I are trying to decide on a business name. Please let me know which of the following you like best. Also, feel free to suggest other names.
You don’t really invest in blank space (right?), so what business would Blank Space Investments really be in?
Maybe you will get more meaningful feedback if you tell us more about your investment strategy. What will your business do?
Hey Guys,
How about L&S Investment Group
Many people like to associate there name with their company. My advice is to not do this if you want to seek some solid bank financing in your corp name down the road that is NPG money. Banks prefer real business names. ONe of the odd ball things you here about in underwritting.
Many people like to associate there name with their company. My advice is to not do this if you want to seek some solid bank financing in your corp name down the road that is NPG money. Banks prefer real business names. ONe of the odd ball things you here about in underwritting.
I remember first time I went to apply for business credit using 2 of my companies started same time. One was a holding company and did not really associate with my name and the other was my property management company which was my (last name) property mgmt LLC. The bank denied that line even though it had more activity and income.
What kind of company names do banks like?
L&S Property Investments sounds like LESS Property Investments. And S&L Property Investments sounds like Savings and Loan Property Investments.
Back to the drawing board?
Furnishedowner
I think we are leaning toward BB&M Investment Group. We feel it has an established, classy ring to it. Feel free to share your thoughts
The best names sound like old jewish names. I know it sounds odd but look at Wallstreet and the names for investment firms.
Recently some business associates and myself launched a new company and we wanted it to sound somewhat prestigious so we named it Salomons Rothschild. Sounds like an old time Wallstreet investment bank but neither name associates with any of us.
But its good to have names tailored to your business concept as well. We can not be successful with the name Trump… (LOL)
Now BB&M is nice really. But with the name you give it, I move it more for construction…but that is fine. Hey even LG (Electronics) changed what the LG standed for in the 90’s…
I think you should look at two names…
One advertises to sellers - What it is that you do and why it is their best interest.
One advertises to main stream business professional. ie lenders accountants attorneys etc. The word “Capital” in the name works very well.
None of the examples have a Top of Mind awaredness… And always think to the future…
Anks everyone. I definitely see your points on the names I presented. I will think about some additional names.
Another thing to keep in mind if you plan to build a website and use email, pay the $20 a month and have a custom email address. Do not use a free email from yahoo or google. business sounds more legit with personal email address. Many people will feel more comfortable with your company that way.
BTW. what are your investing goals, someone on here may throw out a good business name for you.
Business goals: We are looking to flip single family properties for quick cash turn around and purchase 2-5 families for long term cash flow.
Also understand the definition of “Blind” advertising Try and use a name that allows you to say what you do within the name… It cuts down on 25% of advertising cost in the newspapers…
Great piece of advise Michael. Thanks.
One of the main reasons to incorporate is to protect you in the case of a lawsuit. A corporation does this by establishing that the company is separate from you. If you name the company John Smith company and you are John Smith and you go to court and say that you John Smith is different from John Smith company…you see where I am going? It does not automatically pierce the corporate veil, but it doesn’t help.
I name my companies after Star Trek Characters. Not Kirk or Spock. That would sound weird, but after the people that tend to be episodic specific. They sound exotic and thoughtful.
Thank you. I think we are going with Boston Brick & Mortar Property Investments, or BB&M Property Investments for short.
try and tell people a little bit more about your business in your name.
Rehab business - HomeReco, We buy USED Homes
Online MLS offer sender - MLSGorilla
Also see if your name is available in a domain name.
One of the biggest mistakes I made when getting started was worrying too much about my image. Everyone thinks RE investors are shady anyway.
Focus on money making activities. Everything else can wait.
A good rule of thumb. Ready, fire, aim. You can alway add a DBA in the future if you come up with a name you like better.
Just go make some money.
I like L&S Property Investments