What must a business do if it wants to use the word "Company" in its name?

To use the word "Company" in a business name, the entity typically must register as a corporation. This requirement stems from the need to comply with legal definitions and implications associated with the term "Company," which generally denotes a formal business structure recognized by state law. Registering as a corporation provides the business with certain legal protections, such as limited liability for its owners, and ensures that it adheres to specific regulatory and administrative obligations.

For instance, when "Company" appears in a name, it indicates to the public that the business is organized in a particular way that typically involves a level of formality and compliance with corporate laws. This helps protect consumers and ensures transparency in business dealings. Other options, such as including "not inc." or having a certain number of partners, do not adequately address the legal framework required for using "Company" in a business's name. Holding a permit, while important for operating a business, does not directly relate to the naming conventions and requirements regarding the use of specific terms like "Company."