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  • #986310
    heretolearnbusiness
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    Hi Everyone,

    I was a sole trader and registered a business name under my personal ABN.

    I then incorporated a company and did all the necessary paperwork to transfer my business name from myself as a sole trader to use the business name as a Pty Ltd company.

    However, when I do business name search. The business name is registered as a company, but there is another record showing it under my personal name too.

    I thought it would automatically cancel and just be associated by itself.

    Am i supposed to log in to my personal ASIC profile online and cancel the business name? or?

    Thank you in advance for any feedback received :)

    #1157216
    James
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    It’s quite possible that it’s just a historical record. What is the business name or ABN so we can take a closer look?

    heretolearnbusiness, post: 181269 wrote:
    Hi Everyone,

    I was a sole trader and registered a business name under my personal ABN.

    I then incorporated a company and did all the necessary paperwork to transfer my business name from myself as a sole trader to use the business name as a Pty Ltd company.

    However, when I do business name search. The business name is registered as a company, but there is another record showing it under my personal name too.

    I thought it would automatically cancel and just be associated by itself.

    Am i supposed to log in to my personal ASIC profile online and cancel the business name? or?

    Thank you in advance for any feedback received :)

    #1157217
    heretolearnbusiness
    Member
    • Total posts: 5
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    Well to answer your question James, it is not a historical record, its a valid business name registered under a sole trader (me).

    I just spoke to a representative from ASIC who advised me that ASIC allows for you to have a business name as a sole trader and as a company. I asked her why I would possibly want that to which she could not assist me.

    Apparently though people do it.

    Can anyone shed some light on this?

    Otherwise I will cancel the business name as a sole trader and just have it as a company.

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