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Author Topic: Owning a business in your name, could either make or mare your reputation. ‎  (Read 62 times)
Cryptomultiplier (OP)
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Today at 07:42:04 PM
 #1


‎I was just thinking how much I have had to input my house address in most of my documents and bills and what concerns me, as to the reason why I brought up this post is because all my documents bear a singular name in the person of the owner of the street who happens to be the landlord and while he has built his own reputation over the years, using his name on my address makes him even the more popular in a good way because his real estate property is registered with his full names as the business name. 

‎I am sure I am not the only one who has had to use his name as a reference to address needed during most documentations or included in bills we pay, because using his name somehow promotes his name both in a good way from those using it for meaningful documents and also in a bad way for those who commit crime and have to make reference to the address because that's required by law enforcement in that aspect.

‎I don't know if I expressed myself clearly,  but the question I just wanted to ask is this; is it a good practice to register and own a business in your real name mostly when you know others both good and bad can make reference to the name, or it is not adviced to do so because it could destroy your reputation Incase something bad happens?

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Today at 08:00:38 PM
 #2

There is no problem in registering a business with your name. If people like tenants use the name in some places, that does not mean the name of the person will become not reputable anymoreb if the tenant do something wrong in the society. Only what can affect that name is if the man itself do something wrong in the society that the public highly against and that can send him to prison or something like that, and even if the business is not in his name, anything bad that happened like that can affect him badly.

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Today at 08:43:05 PM
 #3

‎I don't know if I expressed myself clearly,  but the question I just wanted to ask is this; is it a good practice to register and own a business in your real name mostly when you know others both good and bad can make reference to the name, or it is not adviced to do so because it could destroy your reputation Incase something bad happens?

I have other concerns but first, have you thought about the tax since you plan to use another person name for the business? Do you also plan to open a bank account with person name? I hope you don't plan to use your personal accounts for business account, these things will conflict with your business even if the owner of the name doesn't have problem with you using the name. Do you plan on staying there forever or it's for meantime, I don't think this is right for you.

What if one day the owner of the name want you to stop using his name for business you are doing. There are lots of unforeseen circumstances that may come out of this which may not be healthy for your business. If you are building your business because of the landlord reputation, an address should be okay, you can change an address later and it wouldn't affect your business even if something comes up later whether good or bad.

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Today at 08:45:01 PM
 #4

‎I don't know if I expressed myself clearly,  but the question I just wanted to ask is this; is it a good practice to register and own a business in your real name mostly when you know others both good and bad can make reference to the name, or it is not adviced to do so because it could destroy your reputation Incase something bad happens?

Who doesn't register their business with their real name? Of course, you will have to register your business with the real name in your National Identification card. If someone commits a crime using your business address, is that supposed to be your concern? Your only business is to provide the details of the person if it's someone that you know but if it's someone you don't know then the security agents will do the work of looking for the person. Of course, a lot of people do impersonate other people's business name and addresses so you shouldn't use because you are afraid that someone might use your name or your business name and decide to fake your real name when registering your business.

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Today at 08:48:20 PM
 #5


‎I don't know if I expressed myself clearly,  but the question I just wanted to ask is this; is it a good practice to register and own a business in your real name mostly when you know others both good and bad can make reference to the name, or it is not adviced to do so because it could destroy your reputation Incase something bad happens?

Mate I understand you well and you express yourself clearly, but for me, I don't think opening your business in your name is the right thing to do, considering future legal issues or companies bankruptcy issues, depending on the kind of business you own.
Your landlord was interested in owning the street in his name, that is why he use his real name to make the process of making the street naming fast and easy, since he already build and own estate in the vicinity, i know he will have other companies and business which are not in his direct name.

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Today at 09:00:40 PM
 #6

‎I don't know if I expressed myself clearly,  but the question I just wanted to ask is this; is it a good practice to register and own a business in your real name mostly when you know others both good and bad can make reference to the name, or it is not adviced to do so because it could destroy your reputation Incase something bad happens?
It depends on the business and place you are owning. Although another company that you own can also own the same place, and that landlord can start that company and name it and make it famous, but probably did not, even if he knew he could, because he might have already made his name famous or his parents might be in the same business, so the name could be their family name, etc.

But you said the name is his, so he is making himself famous. But what I did not understand is how he is making himself famous just because you have to use his name somewhere?

He is just a landlord, and if I ever have to rent a place, I will first look at the history of the place, to whom it was given before, ask these questions. But bro, I have rented many places and it does not matter who rented it before, but it is better to know because sometimes there come issues with electricity bills that you have to clear upfront.

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Today at 09:12:36 PM
 #7

‎I don't know if I expressed myself clearly,  but the question I just wanted to ask is this; is it a good practice to register and own a business in your real name mostly when you know others both good and bad can make reference to the name, or it is not adviced to do so because it could destroy your reputation Incase something bad happens?
It won't, so long as your reputation is clean and the property or the building or the real estate are gotten through legitimate means, then whoever uses your name as a tenant for illegal business won't gets the owner tamed. A scammer who rents a room from a reputable business owner may gets caught by the agency and then the owner of the building won't be summoned.

The owner of the building is not responsible for the behavior of his tenants, what he does is business, whatever the tenants does in his building is non of his business, that's the rule of the law.

The owner of the estate I only caught when the source of funds in building the estate isn't legitimate.

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Today at 09:30:46 PM
 #8

Using a personal name to build a business is a bad idea in my opinion, the exact reason that I can explain is that when something bad happens, not only the business is destroyed but also personal privacy, that's why many businesses use brands, there are many benefits that we get by using brands, it's not difficult to sell ownership & it's very easy for people to recognize it

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