The ABR display these names as trading names, but trading name records have not been updated since the national business names register commenced on 28 May 2012. Trading names do not meet the requirements of a registered business name. Business name: A business name is simply a name under which you conduct a business. You must register a business name in Australia, unless you trade under your own name, or fall within an exemption. For example, if you trade solely in the Cocos (Keeling) Islands. Registration on the Business Names Register identifies who is behind a business name. Here's what you need to consider when using a trading name. Differences between a business name and a trading name. A business name is the name you've officially registered with Companies House.
Selection of Singapore Company and Business Name: The Registrar will reject a proposed company or business name for purposes of incorporation, registration or change of name if that name is: ... If the proposed name is "AB Trading", the possible ways of checking are: AB, A B, A.B, A. A trading name is the name (or names) used by a person, partnership or company for carrying out business which is not the same as their own name or official registered name. A business may use as many trading names as it requires, but these cannot be registered as official names of the company.
The Business Names Act 1985 imposes certain legal requirements on companies adopting a business practice to use a trading as name which is not officially registered. The most obvious provision is that the trading name may not be the same as, or similar to, another company or business name in a way that might be confusing. A trading name is the name used for the business in trade and is the name by which customers know the business. It can be a completely different name from the company that owns the business. The trading name is not a legal entity on its own.
(a) any other registered business name, or the name of any corporation or limited partnership referred to in section 17(1)(b) of the Act;(b)any name reserved under any of the provisions referred to in section 17(1)(c) of the Act;(c)any business name, or name of a company, foreign company, limited liability partnership or limited partnership, referred to in section 17(2) of the Act; and Legal Names vs. Trade Names in Business. Many businesses have more than one name: a legal one and a trade name (sometimes known as a DBA name). In this post, we'll discuss what those terms mean and why a business might use them. Spencer Knight on February 1, 2018. The trade name is different from the business's legal name. Usually, it can be summed up as the informal version of the legal name, and is used frequently in advertising.
If the business name is already trademarked, you need to pick another one. 5. Finalize your business name. Once you are done with shortlisting and checking the availability of your business name online, it is time to finalize your business name. Make sure to get feedback from your family and teammates on the name you are going to finalize.
Before 2012, the ABR (Australian Business Register) permitted businesses to operate under a trading name. Since 2012, your business name is the name you trade under. Trading names no longer fulfil the legal requirements of a registered business in Australia. Also, trading names will be taken off the Australian Business Register from November 2023. Every business needs a name to differentiate itself and to make it easy for others to find the business. The first step is to choose a suitable name and submit a name application via BizFile +, ACRA's electronic filing and information retrieval system. Once the name application is approved, you can proceed to incorporate the company.