Home – New Forums Starting your journey New product existing sole trader business

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  • #975949
    Webedge
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    Currently run my own Web business (Webedge, Sole trader) but looking to sell a product online (totally unrelated to web design).

    The new product will have its own name and website etc.

    My question is what compliance issues around Tax/business type/ABN do I need to sort out? Can I just run the new entity under my current business trading name? (eg Webedge trading as xxxxxxx ?)

    #1077636
    Webedge
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    Found my answer for anyone else in the same boat:

    FROM ABR Website:

    How do I add additional business trading names to my ABN?

    Providing that the second or subsequent business is conducted under the same business structure (e.g. same partners) you can use the existing ABN.

    To add additional business trading names to your ABN you need to notify the ABR of your Change of registration details .

    #1077637
    SamanthaE
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    I think that you still have to register your new business name with the relevant authority in your state (e.g. office of fair trading in NSW).

    I am sure that the accountants here will confirm (or tell me that I am way off base) :)

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