I'm currently considering some options in my life - specifically, starting an IT contracting/consulting business on my own. I figure if I've got this much passion for my job, and I put all my heart and soul into it, I may as well do it for my own benefit...
anyway, we're trying to work out business naming. I want to do things right straight from the start, and with a long term view, so sole trader won't cut it, as if it works, I want to be in a position later to hire others, so I recognise needs to be either a trust or a company structure.
A business name does not have to be a trading name, but the trading name has to be available in the state (or states) where we wish to trade under that name ?
Ie, I could could the Business itself, Direct IT Pty Ltd
and then a trading name of TheCamel Solutions in Victoria where I live
THen, later on, hire a contracter on NSW, and find that TheCamel Solutions is not available, am I correct in this regard ?
this is a good example to use actually.. cause DirectIT Is in use, but we don't really want to use it...however I can see it as an Entity name, and a Trading name..
an entity name is the actual name of the business, and the trading name is the name it trades under.. but they CAN be one and the same ?
anyway, we're trying to work out business naming. I want to do things right straight from the start, and with a long term view, so sole trader won't cut it, as if it works, I want to be in a position later to hire others, so I recognise needs to be either a trust or a company structure.
A business name does not have to be a trading name, but the trading name has to be available in the state (or states) where we wish to trade under that name ?
Ie, I could could the Business itself, Direct IT Pty Ltd
and then a trading name of TheCamel Solutions in Victoria where I live
THen, later on, hire a contracter on NSW, and find that TheCamel Solutions is not available, am I correct in this regard ?
this is a good example to use actually.. cause DirectIT Is in use, but we don't really want to use it...however I can see it as an Entity name, and a Trading name..
an entity name is the actual name of the business, and the trading name is the name it trades under.. but they CAN be one and the same ?