Quick Answer: Is It Worth Getting A Trademark?

Do I need an LLC if I have a trademark?

When you own a small business, your name is everything.

If you’ve formed a corporation or an LLC, you have some protections against other companies in your state having the same name.

But for brand protection, you may want to register your name as a federal trademark..

Is an LLC a trademark?

There are many different types of legal entities that can own a trademark. The most common that we see, and also the simplest, are LLCs and corporations. Usually, a LLC or corporation develops a mark to identify itself as a source of goods or services.

Which One Should I Trademark? It depends. Higher value tends to lie in name recognition rather than familiarity of a logo. Since logos change more often than names, it usually makes more sense to register a standard character mark to protect the business moniker itself.

How long does a trademark last?

10 yearsA registered trademark is valid for 10 years from the date of registration, and can be renewed every 10 years. To renew a trademark the owner must pay a government renewal fee. In general, renewal requests will only be accepted six months before or after a renewal deadline.

Why should I register a trademark?

It is a good idea to register your trademark to protect yourself against an infringement suit, to add value to your company, to put your competitors and the public on notice of your rights in your own brand and to strengthen the legal protection of your mark.

What qualifies as trademark infringement?

Trademark infringement is the unauthorized use of a trademark or service mark on or in connection with goods and/or services in a manner that is likely to cause confusion, deception, or mistake about the source of the goods and/or services.

Are trademarks valuable?

Trademarks are a valuable asset. Trademarks can appreciate in value over time. The more your business reputation grows, the more valuable your brand will be. Trademarks provide value beyond your core business. … If you desire it, your trademark can lead to the acquisition of your business by a larger corporation.

Can you make money off a trademark?

Trademarks can be used to make you more money with minimal effort. … Because they don’t cost you anything to create and can be turned into a money-making machine with very little investment. Most of us have thought of a catchy name, slogan or phrase but did not know how to monetize it and use it to make money.

Should I trademark my brand?

Registering your business name for a trademark isn’t required in order for you to have trademark rights. However, a registered trademark can provide greater protection for your brand while helping you build your brand and drive business growth.

Is there an annual fee for trademarks?

With both methods, applicants will need to consider the fees for application and registration. There is no longer a fee to register your trade mark. However, if you applied before Monday 10 October 2016, you will still need to pay a registration fee when your trade mark has passed examination.

What are the advantages of a trademark?

Exclusive Rights to The Mark The main benefit of trademarks is registering your brand is exclusivity. That means you will be the ONLY ONE IN THE WHOLE COUNTRY able to sell products and/or services with that name (or even a similar name or mark).

Should I get a trademark or LLC first?

In many cases, a business will want to start the trademark application as soon as their LLC or corporation paperwork is filed. By filing for a trademark prior to launch, you can be sure that your name is protected once you begin commercial sales. However, there may be an even stronger reason to apply early.