What is the difference between registering a business name, and a company?
A service name is the title in which your business runs under. It is sometimes described as a trading name (nevertheless this is now an old term). If your business does not operate under its own business name (e.g. Bill Smith Pty Ltd) or your own name (e.g. Costs Smith), you will require to register an organization name On the other hand, signing up a business with ASIC makes your company a separate legal entity. A company is called for to include the legal terms or acronyms 'Pty' or 'Ltd' at the end of the name What is a business name. A firm name as previously discussed is a different legal entity that is signed up with ASIC. This is the name that shows up on all certifications or legal documents and can be various to your business name. A firm can choose to trade under a name that is different from its legitimately signed up name. As an example, Safe Plumbing Solutions Pty Ltd could be the company of a company. However, it could trade and be recognized under its b