Change of corporate name

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In this regard, we can mention some rules and laws that address this issue:

The Capital Companies Act (LSC), in its article 4, mentions that the company name must not contain generic terms that may lead to confusion in the name.
The Commercial Registry Regulations (RRM) mention the requirements for requesting a certificate of the company name.
Finally, the Trademark and Trade Names Law (LMNC) establishes the rules for using the trade name.
How to choose a good company name
Choosing the right company name should, without a doubt, be a priority, since the impact and recognition achieved with clients and potential investors largely depends on the name. For this reason, we want to share with you some basic tips that you can take into consideration when choosing your name:

Keep your name short : The best business names are usually those that are clear, concise, and easy to remember. If a short business name isn't possible, consider using a trade name.
Think ahead : Don't choose a name that limits your business activity, as you never know how much your business can expand.
Include some differentiating element : if you want to include the name of a province or community, make sure to include a unique element so that it is accepted in the Commercial Registry.
Have written consent : This applies when you want to use the name of one of the company's partners, or even when you intend to use a pseudonym.
It is not permitted to use acronyms or internet domain : Spanish laws list of south korea cell phone number clearly state that acronyms alone cannot be used as a company name.
Remember that the important thing will always be for the name to be unique and at the same time generate an impact on the client and tell them, or give them clues, about your economic activity.

Changing the company name is a relatively simple process, but it requires time, since you must inform the Commercial Registry and even your clients and suppliers of the change.

But why change the company name? This can happen for various reasons:

When your company changes its business activity, resulting in the company name being inappropriate or not reflecting the change.
It is also often changed when a company or brand image needs to be updated to make it more attractive to the public.
Changes can be made when the initial name does not demonstrate the ability to expand into new markets, so a more attractive company name is required.
When the first company name has errors due to problems in the registration process.
When a company merges with another, a change of corporate name usually occurs to adapt to the new structure.
Another common reason for switching is when you have a legal issue where another company's rights are being infringed.
If any of these cases occur, you must follow certain steps to change the company name, starting with the fact that all the partners of the company must approve the name change.