The corporation may bear the last name of one or more persons formerly or currently associated with it. A corporation organized under this Act may also adopt a name which does not include the surname of any present or former shareholder, provided, if it does so, it must record such name and the name of its shareholders with the recorder of the county in which it is located or has its principal office. The corporate name shall end with the word “chartered” or “limited” or the abbreviation “Ltd.” or the words “Service Corporation” or the abbreviation “S.C.”.