How To Register Business Name For Sole Trader
You can trade under your own name or you can choose another name for your business.
How to register business name for sole trader. A business name helps your customers to make an emotional connection to your business and brand. However making sure you follow the right path to sole trader registration is very important. If that s the case then you don t need to register with companies house. Choose a sole trader business name that is memorable. Are you a sole trader.
Charlotte nand owns an accounting business and operates as a sole trader. In this article we ll cover the key points of how to register your business as a sole trader including. Chris nguyen and josh bright have a building business together operating as a partnership. To register a business the following is needed to be completed. In business there are many reasons why you might choose to set up as a sole trader.
The benefits of sole trader registration how to register as a sole trader choosing a business name the. However sole trader. Examples of when you don t need to register a business name. If you haven t decided on a business name yet read our tips on how to. A business name is the name your business operates under.
You want a name that is catchy and original sets you apart from the crowd is memorable available to use and encapsulates your brand identity or proposition. Registering only as a business name company name or domain name doesn t give you the same type of exclusive rights tax requirements sole traders declare their business income or loss as part of their personal income tax return and are taxed at the same rate as an individual. You don t need to register your name. Instead you should register with hmrc to let them know they should expect an annual self assessment tax return from you. Sole traders must complete a brf1 form commonly called the super form which can be obtained at the coj or downloaded.
Her legal name is charlotte nand. 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. Apply to register a trade mark. As a sole trader you must include your name and business name if you have one on official paperwork for example invoices and letters. It s possible to trade under your own name or to choose an alternative name for your sole trader business.