How To Register A Business Name As A Sole Trader

There are many benefits of being your own boss including greater control over your work life balance.

How to register a business name as a sole trader. You can register your partnership online or alternatively you can print sa400 and fill in by hand. As a sole trader you must include your name and business name if you have one on official paperwork for example invoices and letters. You can take on staff being a sole trader means you re responsible for the business not that you have to work alone. Once you ve looked at the pros and cons to register as a sole trader you ll have to. To set up as a sole trader you need to tell hmrc that you pay tax through self assessment.

The first thing would be to notify ird inland revenue department that you ve become a sole trader since you ll be using your ird number for paying income tax and goods and services tax for this you will also need registration. Instead you simply need to register as self employed with hmrc. Register as a sole trader. Partnerships must complete a brf1 form. 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.

Decide whether you want to register a business name this is only needed if you re using a name other than your personal name. Sole traders register for gst for earning over nz 60000 a year. An australian business number abn or ready to apply for one. Sole traders must complete a brf1 form commonly called the super form which can be obtained at the coj or downloaded from its website. A registration fee of j 2 500 must accompany the form.

Register as a sole trader. You can trade under your own name or you can choose another name for your business. Identified your business structure. The stress free guide to registering as a sole trader. If you choose this route you do not need to register your business with companies house.

You can apply for a business name and other key business registrations through the business registration service. Check your proposed business name doesn t infringe on existing trademarks. Register your business name. Sole traders must register with hm revenue and customs hmrc and follow certain rules on running and naming their business. Before you register make sure you have.