Both are identification measures for the parties involvedĭifferences between vendor name and company name Definition. Similarities between vendor name and company name Company names are however important when it comes to branding or registering a trademark. It also carries legal liabilities such as the ability to sue, own property and be sued. According to the law, a company name should be distinct from others, and should not contain any offensive or misleading phrases. The company name is evidenced on the certificate of registration, which displays the company’s full name, registered office, and date of registration. This is a title which incorporates and recognizes a business legally. A vendor name can be easily changed with a simple procedure and does not require a special resolution. Vendors may supply goods and services to other businesses, consumers or the government. A vendor name can be a registered business name or the vendor’s name. This is a name used to describe a company or individual offering a product or service for reselling to the next link in the supply chain. While many may not differentiate vendor name from the company name, the two have differences. Various elements contribute to the efficiency and profitability including branding, company structure, sales, and marketing strategies as well as product suppliers. Starting and successfully running a business is not a drive in the park.
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