How To Register A Business Name Uk Sole Trader

You don t need to register your name.

How to register a business name uk sole trader. Registering as a sole trader is the most common way to start a business in the uk. You can register your partnership online or alternatively you can print sa400 and fill in by hand. You must notify hrmc. A comprehensive check of current business names. If you intend to trade as a sole trader you must notify hmrc.

Instead you simply need to register as self employed with hmrc. You must notify hmrc within 3 months or face a fine. The benefits of membership of the national business register. Apply to register a trade mark. 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.

When filling out official paperwork for a partnership it s important to include all the partners names. 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. Send a self assessment tax return every year. You can trade under your own name or you can choose another name for your business. Keep records of your business s sales and expenses.

Registering as an overseas company in the uk. As a sole trader you must include your name and business name if you have one on official paperwork for example invoices and letters. Pay income tax on your profits and class 2 and class 4 national insurance use hmrc s calculator to help you budget for this. The stress free guide to registering as a sole trader. 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. There are different rules for business partnerships and limited companies see naming your partnership and naming your limited company. You are currently viewing. 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. There are many benefits of being your own boss including greater control over your work life balance.