"Inc" vs. "Ltd." for business name - preference?

[shecky]

my partner and i are incorporating our design studio next week and i was curious as to the collective opinion on names. as we are becoming an S-Corp our lawyer and accountant told us we need to choose either:

Studio Name, Inc.

or

Studio Name, Ltd.

we are leaning towards Ltd. as Inc. is apparently (and i quote my accountant here) "old-fashioned."

do you have a preference?

 

[xUKHCx]

Isn't there a fundamental difference between the suffixes where INC represents a company that is incorporated. I thought these were defined rather than chosen. Although I literally know nothing about this sort of thing.

 

[shecky]

we were told that by incorporating as a partnership-based S-Corp (i forget the exact terminology) it is totally up to us. i should note that we will only refer to the studio as "Studio Name, Ltd." when legally required, it will mostly be just "Studio Name."

 

[McGiord]

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[Spizzo]

Isn't there a fundamental difference between the suffixes where INC represents a company that is incorporated. I thought these were defined rather than chosen. Although I literally know nothing about this sort of thing.

It varies from state to state (in the US) as to which suffixes you can use. I believe ltd. is a derivative of LLC.

And to answer your question, it would depend on the the name of the company, at least for me.

 

[xUKHCx]

we were told that by incorporating as a partnership-based S-Corp (i forget the exact terminology) it is totally up to us. i should note that we will only refer to the studio as "Studio Name, Ltd." when legally required, it will mostly be just "Studio Name."

Fair enough. Personally I would have a look at other companies in the industry sector, see what is most prevalent, looks good, etc.

edit:

It varies from state to state as to which suffixes you can use.

And country to country

 

[abijnk]

Isn't there a fundamental difference between the suffixes where INC represents a company that is incorporated. I thought these were defined rather than chosen. Although I literally know nothing about this sort of thing.

I thought so too... Are you in the UK? I am assuming so in posting the wiki links since companies with limited liability are usually tagged with LLC in the US. If not, then I don't know what Ltd. means, sorry

Teh Wiki: Inc. Ltd.

 

[Abstract]

my partner and i are incorporating our design studio next week and i was curious as to the collective opinion on names. as we are becoming an S-Corp our lawyer and accountant told us we need to choose either:

Studio Name, Inc.

or

Studio Name, Ltd.

we are leaning towards Ltd. as Inc. is apparently (and i quote my accountant here) "old-fashioned."

do you have a preference?

The "Studio Name" Collective?


For your own formal, legal business name, I'd pick Inc. It just sounds cooler, and "businessy-er" (new adjective....look it up).

 

[pachyderm]

actually used "inc." for my company then katrina came along and made it a moot point....

 

[heehee]

I like Inc. better, but I dont know why.

 

[ErikCLDR]

"Studio Name, I'd Rather Have a Taco" sounds pretty good to me.

What is the name of your studio?

Burrito?

 

[Nabooly]

Im all for the Inc.

Sounds more professional for some reason.

 

[furcalchick]

i'm for ltd., since likely, it's going to be a private company.

 

[rockthecasbah]

I'm a fan of Ltd. but Inc. is totally fine by me too... hard to say when you don't have the full proposed name in front of you (for obvious reasons )

 

[adk]

Since it sounds like you're running a small, boutique-ish type business, I think ltd. sounds more alluring and upscale.