How To Register Business Name As 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.
How to register business name as sole trader. You will need to get an australian business number abn before applying to register a business name. A registration fee of j 2 500 must accompany the form. It s an offence to carry on business under an unregistered business name unless you trade under your own name such as mary jones. The stress free guide to registering as a 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.
An australian business number abn or ready to apply for one. Identified your business structure. You don t need to register your 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 can register your partnership online or alternatively you can print sa400 and fill in by hand.
Instead you simply need to register as self employed with hmrc. To register as a partner fill out form sa401. The process is relatively easy to follow though some questions might arise which requires professional assistance. Register your business name. There are different rules for business partnerships and limited companies see naming your partnership and naming your limited company.
You can apply for a business name and other key business registrations through the business registration service. How to register as a sole trader getting sole trader registered is very simple. It is free to apply online for an abn with the australian business register. To register a business the following is needed to be completed. Before you register make sure you have.
Checked your business name is available. Setting out in business on your own might feel daunting but take comfort from the fact that you re in good company there are now almost five million self employed workers in the uk accounting for 15 of the total workforce. Sole traders must complete a brf1 form commonly called the super form which can be obtained at the coj or downloaded from its website. All partners need to send their own tax returns as individuals. As a sole trader you must include your name and business name if you have one on official paperwork for example invoices and letters.