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Selling a "company"?

  • 20-08-2014 3:38pm
    #1
    chopper6
    Banned (with Prison Access) Posts: 3,214 ✭✭✭


    Myself and the GF had an idea for a brewing business a while back so we registered the company name with the companies office etc.

    As far as I know the name was and still is unique and may be of some interest to a brewer elsewhere.

    Is it possible to sell the name despite the business never having operated?


Comments

  • #2
    Pro Hoc Vice
    Closed Accounts Posts: 6,087 ✭✭✭Pro Hoc Vice


    Have you registered the name as a trademark or any other IP protection. Registering a company gives little or no IP protection.


  • #3
    irish_goat
    Moderators, Recreation & Hobbies Moderators Posts: 5,840 Mod ✭✭✭✭irish_goat


    Without meaning to sound harsh, people who start up breweries often have very little cash to waste on buying a name. I'd say you'd have next to no hope of selling it.


  • #4
    Mikros
    Registered Users, Registered Users 2 Posts: 505 ✭✭✭Mikros


    No - registration of a business name is no protection against duplication. Not saying you couldn't sell it if you found a willing buyer, but you don't "own" the business name as such.


  • #5
    Valetta
    Closed Accounts Posts: 2,611 ✭✭✭Valetta


    No-one else will be able to register a company with the same name.

    If the company has never traded, you can sell it and the new owner will be able to keep the name, so the price would effectively for the name.


  • #6
    Pro Hoc Vice
    Closed Accounts Posts: 6,087 ✭✭✭Pro Hoc Vice


    Valetta wrote: »
    No-one else will be able to register a company with the same name.

    If the company has never traded, you can sell it and the new owner will be able to keep the name, so the price would effectively for the name.

    But there is nothing stoping me setting up a ltd. and having a registered trademark that's the same as the op's company.

    Diageo is the company one of its brands is guinness.


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  • #7
    goz83
    Registered Users, Registered Users 2 Posts: 8,035 ✭✭✭goz83


    And anyone can use a trading name, so nothing that special about simply registering the name.


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