How To Register A Business Name Uk Sole Trader
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.
How to register a business name uk sole trader. There are different rules for business partnerships and limited companies see naming your partnership and naming your limited company. A comprehensive check of current business names. 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. About 76 of all uk businesses are sole traders. If you intend to trade as a sole trader you must notify hmrc.
You must notify hmrc within 3 months or face a fine. You are currently viewing. Apply to register a trade mark. You are registering as self employed and each year you must complete a self assessment tax return. The register is operated by national business register a name approved by the secretary of state for trade and industry.
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. The stress free guide to registering as a sole trader. Keep records of your business s sales and expenses. There are many benefits of being your own boss including greater control over your work life balance. How do you 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. Send a self assessment tax return every year. To register as a partner fill out form sa401. Instead you simply need to register as self employed with hmrc. You must notify hrmc.
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 trade under your own name or you can choose another name for your business. You don t need to register your name. This guide covers the registration requirements of sole traders. You can register your partnership online or alternatively you can print sa400 and fill in by hand.