How To Register A Business Name For Sole Proprietorship

Here you will learn everything about sole proprietorship business registration in the uae.

How to register a business name for sole proprietorship. Sole proprietor business can register online with the federal board of revenue fbr. You can register your sole proprietorship firm as an sme small and medium enterprise as per the provisions mentioned in the msme act. Sole proprietorship registration can be done within the same day. Registration under the msmed micro small and medium enterprises development act it is required in case of micro small and medium enterprises. The sole proprietorship isn t a formal legal entity so there is nothing to apply for or register.

To register as a sole proprietor or partnership you may need to. For this type of business registration you just have to apply ntn online with an exact business name. Form 1 registration of a sole proprietorship general partnership used to register a business name for a sole proprietorship one owner or the firm name of a general partnership more than one owner. Registration of the sole proprietorship and obtaining the business registration certificate can be completed within 1 day provided all the documents are found to be in order and there no objections against the chosen business name. Form 2 registration of a business name for a corporation.

Registration under the shop and establishment act it is required by the local laws prevailing in the area where sole proprietorship is located. The business registration certificate must be conspicuously displayed on the office premises at all times. Generally speaking a sole proprietor who includes his or her last name in the business name such as o toole s classic cars does not need to file an fbn statement. How to register as a sole proprietor. Guide is for registering as a sole proprietor only single person business for a company you have to follow the later guide choose the business name you must choose the business name and make a visiting card letterhead and stamp for that business name.

Registering a sole proprietorship or partnership. A company or a corporate body cannot own a sole proprietorship. Register with your province or territory. Read more about the differences between the four business entities. Get a federal business number and tax accounts.

The owner of such a business is a sole proprietor. Apply for any permits and licences your business may need. Of the four primary business entities sole proprietorship partnership corporation llc the sole proprietorship is the easiest one to form. Register your business with the provinces and territories where you plan to do business. But it is not enough to include only initials and a nickname or part of a name.