Services means?

when a business has the tag 'Services' added (abc Services, xyz Services) what exactly does that term mean? is this old fashioned? we don't see many such names in the Fortune 1000 Companies, do we? is it only meant for 'services' offerered in small scale or by small businesses? any thought?

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25112Asked: 2015-06-17

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Paul MacDonaldDirector, Information SystemsCommented: 2015-06-17

Company names are arbitrary and are simply used to brand the business. Names and suffixes (Ltd, Inc, Unltd, etc) mean little. It's like calling a garbage man a sanitation engineer.

LVL 107

JohnBusiness Consultant (Owner)Commented: 2015-06-17

You would have to provide a context. There are as many meanings for "Services" as there are people.

Consulting Services means I provide business consulting to clients.
Cleaning Services may mean Molly Maid cleaning homes.
Church Services may mean worship services.
Financial Services may mean Banks or Brokerage services.

You might wish to supply some examples so we can help better.

LVL 90

David Johnson, CD, MVPOwnerCommented: 2015-06-17

if you create a tangible product then you are not a 'service' otherwise you are.. I tend to disagree with one expert as the term "ltd" has a very specific legal meaning.. (a) the company is for legal matters considered a person and (b) the liability is limited to the assets of the company and not also its owners.

A single .company rarely makes it to the fortune 1000 but a service company may be owned by a fortune 1000 company as one of its many holdings. Fortune 1000 also usually refers to publicly traded companies. There are some non-traded limited companies and privately owned companies that are larger than some Fortune 1000 companies.

LVL 5

25112Author Commented: 2015-06-18

good points.

John, you could have a company called 'John Services', and the person may not know if it is Consulting or Cleaning or Church, Financial etc, right? There are business that have not description to their names other than 'Services' added to their names, right?

David,
>>A single .company rarely makes it to the fortune 1000 but a service company may be owned by a fortune 1000 company as one of its many holdings.
could you give a prominent example for this that will be easy to identify, please?

LVL 107

JohnBusiness Consultant (Owner)Commented: 2015-06-18

I have a company of my own, but I do not have Services in the name. I could but I do not. My colleague uses Solutions instead of Services. But we both provide Services. You cannot tell from my company name precisely what I do and I keep the range of service provided on the back of my card.

There are no rules or standards about the word Services and no one can imply anything from the term. It is a generic word.

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LVL 5

25112Author Commented: 2015-06-19

just needed that confirmation!thx

LVL 107

JohnBusiness Consultant (Owner)Commented: 2015-06-19

@25112 - Thanks and I was happy to help.