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

Discussion in 'Community Discussion' started by shecky, Feb 29, 2008.

?

do you like "Inc." or "Ltd."?

  1. Inc.

    14 vote(s)
    33.3%
  2. Ltd.

    14 vote(s)
    33.3%
  3. i'd rather have a Taco.

    14 vote(s)
    33.3%
  1. shecky Guest

    shecky

    Joined:
    May 24, 2003
    Location:
    Obviously you're not a golfer.
    #1
    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?
     
  2. xUKHCx Administrator emeritus

    xUKHCx

    Joined:
    Jan 15, 2006
    Location:
    The Kop
    #2
    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.
     
  3. shecky thread starter Guest

    shecky

    Joined:
    May 24, 2003
    Location:
    Obviously you're not a golfer.
    #3
    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."
     
  4. McGiord, Feb 29, 2008
    Last edited: Jan 30, 2011

    McGiord macrumors 601

    McGiord

    Joined:
    Oct 5, 2003
    Location:
    Dark Castle
    #4
    Think what would your customers like better.
    What would better look in your advertising.
    ________
    silversurfer reviews
     
  5. Spizzo macrumors 6502

    Joined:
    Feb 1, 2004
    Location:
    Pacific NW
    #5
    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.
     
  6. xUKHCx Administrator emeritus

    xUKHCx

    Joined:
    Jan 15, 2006
    Location:
    The Kop
    #6
    Fair enough. Personally I would have a look at other companies in the industry sector, see what is most prevalent, looks good, etc.

    edit:
    And country to country ;)
     
  7. abijnk macrumors 68040

    abijnk

    Joined:
    Oct 15, 2007
    Location:
    Los Angeles, CA
    #7
    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 :eek:

    Teh Wiki: Inc. Ltd.
     
  8. Abstract macrumors Penryn

    Abstract

    Joined:
    Dec 27, 2002
    Location:
    Location Location Location
    #8
    The "Studio Name" Collective? :cool:


    For your own formal, legal business name, I'd pick Inc. It just sounds cooler, and "businessy-er" (new adjective....look it up).
     
  9. pachyderm macrumors 601

    pachyderm

    Joined:
    Jan 12, 2008
    Location:
    Smyrna, TN
    #9
    actually used "inc." for my company then katrina came along and made it a moot point....:(
     
  10. heehee macrumors 68020

    heehee

    Joined:
    Jul 31, 2006
    Location:
    Same country as Santa Claus
  11. ErikCLDR macrumors 68000

    Joined:
    Jan 14, 2007
    #11
    "Studio Name, I'd Rather Have a Taco" sounds pretty good to me.

    What is the name of your studio?

    Burrito?
     
  12. Nabooly macrumors 6502a

    Nabooly

    Joined:
    Aug 28, 2007
    #12
    Im all for the Inc.

    Sounds more professional for some reason. :)
     
  13. furcalchick macrumors 68020

    furcalchick

    Joined:
    Dec 19, 2006
    Location:
    South Florida
    #13
    i'm for ltd., since likely, it's going to be a private company.
     
  14. rockthecasbah macrumors 68020

    rockthecasbah

    Joined:
    Apr 12, 2005
    Location:
    Moorestown, NJ
    #14
    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 ;))
     
  15. adk macrumors 68000

    adk

    Joined:
    Nov 11, 2005
    Location:
    Stuck in the middle with you
    #15
    Since it sounds like you're running a small, boutique-ish type business, I think ltd. sounds more alluring and upscale.
     

Share This Page