Sole traders must complete a BRF1 form (commonly called the Super Form) which can be obtained at the COJ or downloaded from its website. A registration fee of J$2,500 must accompany the form. A sole trader business is a type of business that is owned and operated by one person, though he may have employees. The owner of the business name - the individual(s) or company which has/have registered the name is the person to be contacted or sued. She is happy to operate her business as a sole trader under her legal name. Updating sole trader, partnership or trust details As a sole trader, partnership or trust, MyNZBN is where you take control of your business information. Clinton M. Sandvick worked … Sole trader names must not: include ‘limited’, ‘Ltd’, ‘limited liability partnership’, ‘ LLP ’, ‘public limited company’ or ‘plc’. be offensive.

Local Chemist Shop 3. Top synonyms for sole trader (other words for sole trader) are proprietorship, sole proprietorship and sole business. Any business which has only one owner is sole trading concern. A registration fee of J$2,500 must accompany the form. Business names for sole traders, partnerships and limited partnerships. Your responsibilities Sole Trader synonyms. A sole proprietorship can have more than one DBA and can have DBAs in more than one state, provided the names are properly registered before use. If you're a sole trader, you are: the only owner of the business; legally responsible for all aspects of the business, including debts. Businesses are currently required to register for VAT when their turnover reaches £85,000. Therefore, in the eyes of the government, all of the business’ profits are classed as the business owner’s (sole trader’s) personal income. Any business which has only one owner is sole trading concern. Registration allows the public to determine the responsible party behind the use of the name. If I was to start as a Sole Trader I understand that if I want to trade under another name I must use "My Name" trading as "Trading Name". This article was co-authored by Clinton M. Sandvick, JD, PhD. Chris Nguyen and Josh Bright have a building business together, operating as a partnership. A sole trader business doesn’t have any legal identity separate to its owner, leading many to say that as a sole trader you are the business.In this article, we look at what a sole trader is, how to get started and your ongoing responsibilities. The owner of such business is called sole trader. Sole Trader synonyms. Top synonyms for sole trader (other words for sole trader) are proprietorship, sole proprietorship and sole business.