How to change sole trader name

Legally change your name by Deed Poll today. Guaranteed service. Full customer support. Can I change my name for a sole trader? How to choose a sole trader business name?

Change of name or address You must tell HM Revenue and Customs (HMRC) if you change your name , business name or your personal or trading address.

Letting Others Know of the Name Change 1. Make a list of all business associates and contacts. Once you change your trading name , you need to let your business. Contact your business associates. You can call anyone you have a contract with, so that they can begin updating your. Tell HMRC about changes to your business - a change of name , address, legal structure or business activity.

The remaining partner must re-register for Self Assessment as a sole trader. Work as Self employed or sole trader, but keep the company. Yes, it would help to have separate e-mail addresses unless the two businesses have very similar names.

By adding an extra footer in Outlook, you can choose which one to use for each message that you send out. In your account settings on. Complete all of the paperwork provided by your trading account firm completely and correctly. Include the copy of your change of name. Your account provider may allow you to scan your forms and e-mail them.

Check your account after you send the forms and make sure that your new name is listed correctly on the account. Important considerations for choosing a sole trader business name. Choose a sole trader business name that is memorable. Local businesses: consider incorporating the area into your business name. Check that your sole trader business name is available.

Examples of creative business names – get inspired. Naming your business as a sole trader You can trade under your own name , or you can choose another name for your business. You don’t need to register your name.

I think you do not need to change anything. As a rule of thumb, we recommend you change from sole trader to limited company once your profits reach more than £30a year. From then on, it’s likely that the savings you make on taxes will outweigh the costs of running a limited company.

You must include your name and business name (if you have one) on official paperwork, for example invoices and letters. Changing your business structure from a sole trader to a company provides an opportunity for you to seek investment and limit your personal liability.

It also changes your reporting, tax and legal obligations. Learn how changing your business structure will affect your operations and how to do it. A limited company’s director can change the company name without shareholder approval. In this case, you need to fill in the form NMand ensure the change is processed legally.

You can opt to change your company’s name by passing a special resolution. At least of your company’s members must be in favour of the change. Let HMRC know you’re not a sole trader anymore. You’ll still need to file a Self Assessment for the previous tax year as a sole trader. Register your company with HMRC.

It costs £and should be processed within hours. Sole traders A sole trader is an individual trading on his or her own account. An operator’s licence granted to a sole trader cannot be transferred to any other legal entity. It is not uncommon for a sole trader to use a trading name, however, a trading name is not a legal entity in the eyes of the law. If a sole trader at the other end of the country is using it, there may not be a problem.

After running the company as a sole trader under the name Style Of Fabrics Manchester for many years, its founder Nadeem Malik decided to transform it into a limited company earlier this year. I believe that all invoices are in their trading name , as opposed to necessarily a sole trader name. Sole Traders and Trading As Names. However, you can use a ‘trading as’ name. So you could be “John Smith trading as Slapdash Decorators”.

After months of trading as a sole trader , the company can then simply be struck off by filing the form 652a at Companies House. NB - the above should work in most cases. As a sole trader , you can call yourself just about whatever you like (subject to copyright etc). Let your bank know and your accountant if you have one.

There is a cost for this of £100.