How To Register A Business Name For Sole Proprietorship

How to register as a sole proprietor.

How to register a business name for sole proprietorship. You can register your sole proprietorship firm as an sme small and medium enterprise as per the provisions mentioned in the msme act. Here you will learn everything about sole proprietorship business registration in the uae. Don t forget to select business activity e during the registration of ntn. For this type of business registration you just have to apply ntn online with an exact business name. The owner of such a business is a sole proprietor.

Get a federal business number and tax accounts. Generally speaking a sole proprietor who includes his or her last name in the business name such as o toole s classic cars does not need to file an fbn statement. Register with your province or territory. But it is not enough to include only initials and a nickname or part of a name. To register as a sole proprietor or partnership you may need to.

You file applications online as well. Register your business with the provinces and territories where you plan to do business. For example a business called j r s classic cars would likely have to file a fictitious name statement indicating that it really is john o toole s business. Sole proprietorship registration can be done within the same day. Read more about the differences between the four business entities.

Registering a sole proprietorship or partnership. Registration of the sole proprietorship and obtaining the business registration certificate can be completed within 1 day provided all the documents are found to be in order and there no objections against the chosen business name. Sole proprietor business can register online with the federal board of revenue fbr. A company or a corporate body cannot own a sole proprietorship. The business registration certificate must be conspicuously displayed on the office premises at all times.

Of the four primary business entities sole proprietorship partnership corporation llc the sole proprietorship is the easiest one to form. Does your sole proprietorship need to register an fbn. Apply for any permits and licences your business may need. A business owned and operated by one person is a sole proprietorship or a sole establishment. Form 1 registration of a sole proprietorship general partnership used to register a business name for a sole proprietorship one owner or the firm name of a general partnership more than one owner.