Apr 24

Trading Names, Business Names, Company Names – Basics

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Trading Names, Business Names, Company Names – Basics

A trading name was a name used by an entity or person to trade under, without it being registered as a business name.

Trading names were collected prior to 28 May 2012 by the Australian Taxation Office (ATO). They will be displayed on the Australian Business Register (ABR) until 31 October 2018.

You are still able to maintain the details of your trading name with the Australian Taxation Office for taxation purposes. However any updates will not be displayed on the ABR’s ABN lookup service.

A business name is simply a name or title under which a person or entity conducts business. You must register a business name in Australia, unless you trade under your own legal name, or fall within an exemption, for example, you trade solely in the Cocos Keeling Islands.

You must register a business name in Australia, unless you trade under your own legal name or fall within an exemption, for example; trading solely in the Cocos Keeling Islands.A company name can be used to trade under without the need to register a business name.

Company registration creates a legal entity and allows access to privileges, such as a corporate tax rate or limited liability. A company may decide to register a business name if it wants to trade or carry on a business under a name other than the company name.

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