My understanding is that GG is in limbo so the name is taken although the company is not operating. Personally, I never really liked the name but the company was set up before I really had a say in things.
Until I incorporate, I'd rather have the property (ie. Legions of Steel) be front and centre. I have a few other games in various stages of development that might see the light of day but that is me. At the point where there are multiple designers, staff and such then it makes philosophical sense to incorporate with some sort of cool name that hints at the corporate philosophy.
In the meantime, it is just me. Online I have gone by the handle of "66Scorpio", "Blawblaw" and "Eleemercenary" (in order of chronolgy and frequency of use).