Do you have to register a trading name in South Africa?

Do you have to register a trading name?

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.

How do I register a trading name with CIPC?

Step 1: Visit the CIPC website, and click on On-line transacting and then on E-Services. Step 2: Click on Login. Step 2: Click on Login. Step 3: Click on Transact on the CIPC E-Services home page.

Can a company trade without being registered?

Sole traders do not have to be registered at Companies House. You only need to do this if you are setting up a limited company or Limited Liability Partnership (LLP). To operate as a sole trader, you just need to register with HMRC for Self Assessment.

How do I register a company as a trader in South Africa?

You can register your company online on the Companies and Intellectual Property Commission (CIPC) website, or on the website, a platform created by the CIPC that offers company registration and related services. You can also register your company via a bank, including Nedbank and First National Bank.

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Can a sole trader have a trading name?

You can trade under your own name, or you can choose another name for your business. You do not need to register your name. You must include your name and business name (if you have one) on official paperwork, for example invoices and letters.

Is a trading name a legal entity?

Trading names are not protected by law

When you register a company name at Companies House, it is protected by law so no other business can use it.

What is trade name example?

A trade name is generally considered the name a business uses for advertising and sales purposes. A trade name is sometimes referred to as a “fictitious” or “doing business as (DBA)” title. For example, “McDonald’s” may be the trade name, but the legal name is “McDonald’s Corporation.”

What happens if a company is not registered?

If the company is not registered it ceases to exist in the eyes of law. A firm is governed by the Indian Partnership Act, 1932. A company is governed by the Companies Act, 2013. A firm shall have a minimum of 2 partners and a maximum in the commerce industry to be 20 and in the banking industry to be 10.

Can someone use my business name?

Anyone can snatch up a business name and use it for their own business. There’s no one uniform database or agency that ensures only one business is using a specific business name. … If you’ve ever wondered “How do I protect my business name from being used by someone else?” take heart.

What is the difference between a trading name and a business name?

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.

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How much does it cost to register a private company in South Africa?

A company registration may vary between R125 and R475 (R125 for a private company, R475 for a non-profit company registered without members).

What business can I start with r1000 in South Africa?

She then wrote a book about it, to help others who’d like to do the same.

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