Prior to the promulgation of the Consumer Protection Act, 2008 (Act No. Therefore the CPA has prohibited the use of trading names and requires business names to be registered with the Registrar of Companies. …
Do you register a trading name?
Currently, a business is entitled to trade under a trading name without registering it.
Can I use a trading name without registering it?
A ‘trading name’ refers to an unregistered name that businesses could use before the introduction of the National Business Names Register on 28 May 2012. A trading name is not a registered business name. If you wish to continue using a trading name, you need to register it as a business name.
Can I trade under a different name to my company name?
It is possible to officially register a company name at Companies House, but then use one or more ‘trading names’ as required by yourself or your organisation. Some companies trade under different names, with the name registered at Companies House belonging to the original company.
What is a trade name example?
A trade name is the name your business is commonly known as or the name you use when advertising or doing business. A trade name is also called a DBA (doing business as) name. A good example of this is Walmart. Walmart’s legal business name is Wal-Mart Inc.
Can I run a business without registering?
It is entirely legal to operate as a sole proprietorship without registering your company. … All you need for IRS recognition is that you file your first business tax return, as required by federal law.
What are advantages of being a sole trader?
Sole traders take on all the risks of starting their own business and have the disadvantage of unlimited liability .
|Easy to set up||Can be difficult to raise finance|
|Sole trader retains all profits for him/herself||Unlimited liability|
Can you register a business name as a sole trader?
Sole Traders and Trading As Names
When you register as a Sole Trader you register your own name with HMRC and this is the name that you should be trading under (e.g. John Smith). However, you can use a ‘trading as’ name. … This allows you to put across a brand image in a way that using your own name might not.
How do I register a trade name in South Africa?
To register the trade mark you must have a business address in South Africa. If you are represented by someone with an address in the Republic of South Africa, the representative must be an admitted attorney in South Africa. Trade Mark applicants MAY NOT be represented by auditors, accountants, etc.
Can I call SARS for my tax number?
Ask your employer, or use the SARS online Query function or call our SARS Contact Centre on 0800 00 7277. Top Tip: SARS won’t provide your tax number to another person, unless the person is your tax practitioner or has Power of Attorney (POA) to conduct your tax affairs.
How many trade names can a company have?
There is no limit on the number of trade names, which may be registered by one corporation. Trade names are not “protected” from use by other companies through trade name registration. To protect your name you need to register a trademark.