How To Register A Business Name For Sole Proprietorship
Apply for any permits and licences your business may need.
How to register a business name for sole proprietorship. Registering a sole proprietorship or partnership. Registration under the shop and establishment act it is required by the local laws prevailing in the area where sole proprietorship is located. A business owned and operated by one person is a sole proprietorship or a sole establishment. Sole proprietor business can register online with the federal board of revenue fbr. A company or a corporate body cannot own a sole proprietorship.
Does your sole proprietorship need to register an fbn. Register your business with the provinces and territories where you plan to do business. The business registration certificate must be conspicuously displayed on the office premises at all times. Guide is for registering as a sole proprietor only single person business for a company you have to follow the later guide choose the business name you must choose the business name and make a visiting card letterhead and stamp for that business name. You can register your sole proprietorship firm as an sme small and medium enterprise as per the provisions mentioned in the msme act.
You file applications online as well. For this type of business registration you just have to apply ntn online with an exact business name. Here you will learn everything about sole proprietorship business registration in the uae. Register with your province or territory. Get a federal business number and tax accounts.
Registration under the msmed micro small and medium enterprises development act it is required in case of micro small and medium enterprises. To register as a sole proprietor or partnership you may need to. Don t forget to select business activity e during the registration of ntn. Form 1 registration of a sole proprietorship general partnership used to register a business name for a sole proprietorship one owner or the firm name of a general partnership more than one owner. Generally speaking a sole proprietor who includes his or her last name in the business name such as o toole s classic cars does not need to file an fbn statement.
But it is not enough to include only initials and a nickname or part of a name. Form 2 registration of a business name for a corporation. The sole proprietorship isn t a formal legal entity so there is nothing to apply for or register. For example a business called j r s classic cars would likely have to file a fictitious name statement indicating that it really is john o toole s business. Of the four primary business entities sole proprietorship partnership corporation llc the sole proprietorship is the easiest one to form.