How To Register A Business Name As A Sole Trader
Check your proposed business name doesn t infringe on existing trademarks.
How to register a business name as a sole trader. Registering as an overseas company in the uk. You can trade under your own name or you can choose another name for your business. Sole traders must complete a brf1 form commonly called the super form which can be obtained at the coj or downloaded from its website. Register as a sole trader. Register your business name.
You can take on staff being a sole trader means you re responsible for the business not that you have to work alone. Sole traders register for gst for earning over nz 60000 a year. 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. Identified your business structure. To register a business the following is needed to be completed.
Before you register make sure you have. If you re a sole trader you run your own business as an individual and you re self employed. 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. You can apply for a business name and other key business registrations through the business registration service. The stress free guide to registering as a sole trader.
Decide whether you want to register a business name this is only needed if you re using a name other than your personal name. Checked your business name is available. A registration fee of j 2 500 must accompany the form. To set up as a sole trader you need to tell hmrc that you pay tax through self assessment. When filling out official paperwork for a partnership it s important to include all the partners names.
You can register your partnership online or alternatively you can print sa400 and fill in by hand. There are many benefits of being your own boss including greater control over your work life balance. Register for self assessment. To register as a partner fill out form sa401. Once you ve looked at the pros and cons to register as a sole trader you ll have to.