What Does Trading As Mean In South Africa?

What does it mean if a company is trading as?

A trading as name is a name chosen by a business that is different from their registered company name.

Unlike the.

registered company name, the trading as name, or trading style as it is sometimes known, is never officially.

registered with Companies House..

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.

What is the purpose of a trade name?

A company typically uses a trade name to conduct business using a simpler name rather than using their formal and often lengthier name. Trade names are also used when a preferred name cannot be registered, often because it may already be registered or is too similar to a name that is already registered.

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.

How do you protect a trading name?

Protecting trading names and brandsUse your trading name and brands. The best way to protect a name or brand is by using it. … Register your intellectual property. Consider protecting your names and brands by registering them. … Monitor for infringers. … Deal with infringers. … Plan a strategy. … Turn the dispute to advantage. … Squatters.

How can I make sure my business name is not taken?

First check with your county clerk’s office to see whether your desired name is already on the list of fictitious or assumed business names in your county. (In a few states, there is just one statewide fictitious name database — if that’s the case in your state, your county clerk will tell you.)

How do I protect my business name?

How to Register a Trademark for a Company NameTo register a trademark, go to the U.S. Patent and Trademark Office’s Web site, www.uspto.gov.Don’t add a domain extension to your trademark to prevent others from registering the same name by adding another extension.

Can day trading be a business?

Day traders, according to the IRS, are not investors. To qualify as a day trader, you have to approach buying and selling stocks and securities as a business. Day traders are taxed differently from investors, and if it makes financial sense, they can set up a day trading LLC or S corporation.

What is a trade name example?

A trade name is generally considered the name a business uses for advertising and sales purposes. A trade name is sometimes referred to as a “fictitious” or “doing business as (DBA)” title. For example, “McDonald’s” may be the trade name, but the legal name is “McDonald’s Corporation.” A trademark is a brand name.

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.

What is the difference between a trade name and a DBA?

A company name is the actual name of the business, while a trade name or DBA is a way of doing business under a particular name filed in a state or county. A trade name can be registered by any type of business such as LLCs, corporations, and nonprofits. A DBA is an alias and is not an actual business entity.

Can a Pty Ltd trade as another name?

Currently, a business is entitled to trade under a trading name without registering it. For example, ABC (Pty) Ltd. can trade under the name “Light Lime Media”. … That is why many entities register their trading names as trade marks in terms of the Trade Marks Act, 1993.

What is a trading status?

Trading Status means authorisation by the Market Operator for a CGS Depository Interest, a Warrant or AQUA Product to be traded on the Market.

How much does it cost to register a Pty Ltd in South Africa?

You may apply for between 1 and 4 names during each application process. Each name reservation application costs R50. A company registration may vary between R125 and R475 (R125 for a private company, R475 for a non-profit company registered without members).

What is a trade name of a drug?

A drug sold by a drug company under a specific name or trademark and that is protected by a patent. Brand name drugs may be available by prescription or over the counter.

Can a sole trader have a trading 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.

What Cannot be trademarked UK?

Your trade mark cannot: be offensive, for example contain swear words or pornographic images. describe the goods or services it will relate to, for example the word ‘cotton’ cannot be a trade mark for a cotton textile company. be misleading, for example use the word ‘organic’ for goods that are not organic.

Do you have 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. …

Can a company use a trading name?

A trading name is the name (or names) used by a person, partnership or company for carrying out business, which is not the same as their own name or official registered name. A business may use as many trading names as it requires, but these cannot be registered as official names of the company.

Does a trading name have to be registered?

A trading name is not a registered business name. If you wish to continue using a trading name, you need to register it as a business name.