How To Register Business Name Sole Trader
Once you have determined that your name is available to use and complies with all the rules the next step is to register as a sole trader.
How to register business name sole trader. All partners need to send their own tax returns as individuals. An australian business number abn or ready to apply for one. To register a business the following is needed to be completed. Before you register make sure you have. The process is relatively easy to follow though some questions might arise which requires professional assistance.
Checked your business name is available. Check the rules for sole trader business names you can register a trade mark if you want to stop people from trading under your business name. How to register as a sole trader getting sole trader registered is very simple. You can register your partnership online or alternatively you can print sa400 and fill in by hand. Identified your business structure.
It s an offence to carry on business under an unregistered business name unless you trade under your own name such as mary jones. There are many benefits of being your own boss including greater control over your work life balance. You don t have to register a business name if you use your own name. If you choose not to use your own name you will need to register a business name with the australian securities and investments commission. You are currently viewing.
If you choose this route you do not need to register your business with companies house. When filling out official paperwork for a partnership it s important to include all the partners names. Partnerships must complete a brf1 form. Instead you simply need to register as self employed with hmrc. Register your business name.
A registration fee of j 2 500 must accompany the form. The stress free guide to registering as a sole trader. If you want to trade your business under a specific name you need to register it as a business name with the australian securities investments commission asic. Apply to register a trade mark. It is free to apply online for an abn with the australian business register.