The CPA requires all business names (trading names) that were being used by companies to be registered with the Registrar of Companies, allowing multiple names to be registered for a single company.
How many trading names can a company have in South Africa?
It is possible to officially register a company name at the CIPC, while the organisation uses one or more ‘trading names’ specifically if there are more than one sub-division or branch of the company.
Can a company have 2 trading names?
Companies were formerly able to trade under multiple names by registering trading names, however this system has since been abolished. Companies can now register multiple business names under their ABN. This means that similar to a sole trader, you can register multiple names to trade under.
Can a Pty Ltd trade as another name?
So anyone or any company or CC can call themselves “ABC (Pty) Ltd trading as XYZ” and that’s the way it’s usually done, the registered name very small and the trade name very prominent. Note that the registered name must be given correctly and also note that the XYZ does not, and may not, have (Pty) Ltd after it.
Can a company own multiple business names?
Similar to a sole trader, a company can operate multiple businesses with different business names. … If you own and run multiple separate businesses, you should consider setting up a holding company. Here, the holding company would own all the businesses’ assets and intellectual property.
Do you need to register a trading name in South Africa?
Prior to the promulgation of the Consumer Protection Act, 2008 (Act No. Therefore the CPA has prohibited the use of trading names and requires business names to be registered with the Registrar of Companies. …
How many trading as names can a company have?
A company may only have one registered name, but can have multiple trading names, as required.
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.
Can two businesses run under one name?
The answer is yes–it is possible and permissible to operate multiple businesses under one LLC. Many entrepreneurs who opt to do this use what is called a “Fictitious Name Statement” or a “DBA” (also known as a “Doing Business As”) to operate an additional business under a different name.
Can I use the same ABN for 2 businesses?
You can conduct any number of businesses/activities under the same ABN provided they all operate under the same business structure. If your second or subsequent business operates under a different structure, you need to apply for separate ABNs for each new business structure.
What is the difference between a company name and a trading name?
A business can opt to have their business name and trade name be the same. A trade name may also be called a doing business as (DBA) name. It’s the name the public sees. … If you want to operate under a different name than your legal business name, register a trade name for your company.
What is a trade name example?
A trade name is the name your business is commonly known as or the name you use when advertising or doing business. A trade name is also called a DBA (doing business as) name. A good example of this is Walmart. Walmart’s legal business name is Wal-Mart Inc.
Can I trade under my own name?
By having a sole-trader or partnership ABN operation you are permitted to trade under your personal legal name/s. If you would like the ability to conduct your business under an unrelated name, such as ‘ABC Plumbing’ or ‘Joe’s Cafe’, then this is required to be registered as a business name.
Can I run a business without registering?
It is entirely legal to operate as a sole proprietorship without registering your company. … All you need for IRS recognition is that you file your first business tax return, as required by federal law.