Why is PayPal so appealing to so many businesses?
For many young businesses PayPal is a great a way to get started. PayPal allows merchants to accept credit cards for the goods and services their companies sell. Beyond just accepting credit cards PayPal offers other services that make it easier for a small business to operate. PayPal makes it possible for merchants to send invoices to clients and swipe credit cards on a mobile device. Paypal also allows clients to send/manage invoices and set-up a shopping cart on a company website.
Paypal is very appealing to customers, especially to customers of newer websites, because it gives them a sense of security when conducting a transaction with a business about which they know very little. PayPal offers a fraud protection money back guarantee if the transaction does not work out. This gives customers peace of mind and lets them comfortably do busy with relatively unknown vendors. Customers are also happy that they do not need to give out their credit card information.
PayPal accounts are relatively easy for merchants to set up. They require that the business sign up with PayPal, provide a tax ID number and business contact information. It is easier to set-up a PayPal account using a US or European bank account. To find out more about the setting up a US bank account click here.
In the process of company formation, are there any words that cannot be used by in a company name?
There are some words that cannot be used at all and some which require approval from the state in which the company is being formed. States may prohibit the use of names that include profanity, illegal activity and words in a foreign language (unless translation is provided.) Many states prohibit filing corporations with names that are already trademarked or that are deceptively close to corporations already in existence (i.e. Koka Kola or Pepci would be not allowed).
Some states require that in order for certain words to be used that the company receive approval from a licensing office within the state. Words like “bank”, “insurance”, “doctor” and “dentist” are almost universally restricted. In those cases the Secretary of State office will make sure the person registering the company is licensed to engage in that profession within the state by requiring approval from the appropriate state agency to be submitted with the company formation documents.