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Join Date: Nov 2010
Location: Melbourne, Australia
Thanked 2 Times in 2 Posts
| | Re: Change of Sole Trader to Pty Ltd
Originally Posted by Couple It
Why not keep the company you already have?
I'm assuming you have your business name registered, and that is how you trade? Then simply transfer ownership of your business name from your ABN to the company's ABN and be "company name" trading as .....
My company name doesn't appear on any of my branding, stationery or website, so it really doesn't matter what your company name is...or does it?
Reason is that my existing company is named after a specific activity, ie pet grooming. It would sound odd if I intend to do wholesaling/distribution of, let's say, electronic products, especially when signing contracts with overseas supplies (pet grooming business selling electronics). I think we should be signing off as the existing pty ltd rather than the trading name with overseas companies (I may be wrong with this). That is why I am tempted to set up a new company using a general name (ABC Pty Ltd) to factor in different product categories I may sell in the future.