Protect a Trading Name
January 17th, 2009 . by ClivetI am a sole trader and only wish to register and protect my trading name. I have carried out a name check at Companies House and it is free to use.
Could you please advise me of the steps to take to protect my name without having to go through all the costly procedures of setting up a limited company?
My profession is as a management consultancy business, so if someone was to register a limited company using my name it would not be totally disastrous as it would put my personal reputation at stake.
Even though the company would be dormant, as it is registered in my name would the financial exposure liability be limited to the assets, even though there are none? You see I am also planning to take out Professional Liability insurance as protection, and hence the question that I have now raised. If the Limited Company even though dormant can protect my personal assets against courts from seizing them in the event of trading problems, then this would be great news and save me the annual expense of paying insurance premiums which are not cheap.