There is no reason not to register. Failure to register your business name exposes your company to unnecessary risk:
- Trademark dispute litigation costs $50,000-100,000.00 just to get to trial.
- The U.S. Small Business Administration estimates that over 30,000 small business owners are currently involved in trademark dispute litigation. But that is the tip of the iceberg: The vast majority of business owners choose not to fight and change their name. Over 175,000 owners per year are faced with the choice.
- For those that choose to change their name, it costs on average $17,500.00 to replace all printed material and signage.
- The average small business owner spends $38,950.00 advertising their business name and product or service. After a forced name change the average business revenue drops 12-25% and much of their adverting investment is lost.
The fact is that majority of small businesses don’t survive a name dispute, whether they fight or not. "Once a small business has sued, they have already lost,"
- The U.S. Small Business Administration's Office of Advocacy
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