Quick Answer: Can A Company Trade Under Two Names?

Can a company trade under two names NZ?

Trading names are often used by sole traders and partnerships, but may also be used by companies.

A trading name can be any name, as long as it isn’t the same name or a confusingly similar name to another entity (more below).

It can be used in all business documents and doesn’t have “Limited“ at the end of it..

Can a sole trader trade under a business name?

You can trade under your own name, or you can choose another name for your business. You do not need to register your name. You must include your name and business name (if you have one) on official paperwork, for example invoices and letters.

How can I run two businesses under one company?

You can run two or more businesses under one LLC by either:running all the business activities under one LLC name, or.registering DBAs (“doing business as”), also known as Fictitious Names.

How much does it cost to register a trading name?

Business name – For each business name, you can pay $37 for 1 year or $87 for 3 years. See the current list of business name fees on the ASIC website.

Can I have 2 companies?

You can use your limited company to own and operate another company if you choose. This will have the advantage of separating your different business activities from the tax point of view. But you will have to run two separate companies, keep two sets of books, etc. … You can also develop the separate company for sale.

How do you structure multiple businesses under one roof?

How to Structure Multiple Businesses Under One RoofUse One LLC to Run Both Businesses. … Create Independent LLCs for Each Business. … Create an LLC Holding Company With Individual LLCs Under It.

How do I protect my business name?

Protect Your Brand Name in 5 StepsRegister your domain name. Domain names are an important part of any business brand today. … Trademark your business name and logo. … Use your brand. … Monitor your brand. … Deal with infringement immediately.

Can you have multiple businesses under one limited company?

Yes, it is possible to run two or more separate businesses under a single limited company. This involves the use of ‘trading names’ to compartmentalise the overall company into separate units, each of which can be run as a unique business.

What is the difference between a company name and a trading name?

When you register a company name at Companies House, it is protected by law so no other business can use it. Trading names do not receive this protection, which means that if someone wanted to register your trading name as a limited company, they could do so, whilst also demanding that you stop using it.

Can a sole trader have multiple business names?

Can I run multiple businesses as a sole trader by registering two different business names under the same ABN? … Yes you can run several businesses under the one ABN as a sole trader. It’s really up to you to determine which entity structure is best for you.

Does a sole trader have to have a business bank account?

As a sole trader, you are not legally required to have a business bank account. Legally, you can use your personal bank account for both business and non business transactions or you can set up a second personal bank account to use for your business.

Can a company have more than one business name?

Yes, an entity (Individual or Company) can register several business names using the same ABN. In fact, if you intend to trade under a new name, you must register it as a business name to avoid penalties.

Can I use the word foundation in my business name?

Use of the word foundation in a company name is regulated by Companies House. … Companies House also require the company to have a regular source of finance or a pool of money which is used to promote the company objects. Approval to use the word Foundation will only be granted if all of the points above are met.

Why do companies have trading names?

Incorporating a new company will prevent other businesses from registering the same, or a very similar, company name to yours. A trade mark is a sign which can distinguish your goods and services from those of your competitors. Registering a company name does not automatically protect it by trade mark law.