How To Register A Business Name Uk Sole Trader

Instead you simply need to register as self employed with hmrc.

How to register a business name uk sole trader. Apply to register a trade mark. This guide covers the registration requirements of sole traders. 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. 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. A comprehensive check of current business names.

You don t need to register your name. Members of the national business register obtain seven vital benefits. As a sole trader you must include your name and business name if you have one on official paperwork for example invoices and letters. There are different rules for business partnerships and limited companies see naming your partnership and naming your limited company. About 76 of all uk businesses are sole traders.

Registering as a sole trader is the most common way to start a business in the uk. The stress free guide to registering as a sole trader. To register as a partner fill out form sa401. When filling out official paperwork for a partnership it s important to include all the partners names. You are currently viewing.

Sole trader business are most commonly used by very small business with a low turnover low risk and a single owner. How do you register as a sole trader. The register is operated by national business register a name approved by the secretary of state for trade and industry. You are registering as self employed and each year you must complete a self assessment tax return. 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.

To set up as a sole trader you need to register for register for self assessment and file a tax return every year. You can register your partnership online or alternatively you can print sa400 and fill in by hand. You can trade under your own name or you can choose another name for your business. If you intend to trade as a sole trader you must notify hmrc. Keep records of your business s sales and expenses.