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Rules for Studio/Dev Team Names

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I just had a small question regarding suffixes for the name of a dev team (inc., co., LLC, etc). What exactly are the rules for adding those to the name of dev team? Are there certain requirements that need to be fulfilled to legally be able to use a certain suffix? Would a person be able to name their studio X Ltd. or Y Inc. solely for aesthetic reasons or would the suffix need to be warranted in order to use it legally? Sorry for the amateurish question and I apologize if I haven't followed some of the guidelines. The FAQ linked in the, "Before You Post," thread no longer exists, so I'm kinda' going in blind. Thanks in advance!

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