Choose your business name

You can trade under your own name, or you can choose another name for your business.

This guide is also available in Welsh (Cymraeg).

Sole trader names must not:

  • include ‘limited’, ‘Ltd’, ‘limited liability partnership’, ‘LLP’, ‘public limited company’ or ‘plc’
  • be offensive
  • be too similar to another company’s trademarked name (because you may have to change it if someone makes a complaint)

You must include your name and business name (if you have one) on official paperwork, for example invoices and letters.

  1. Step 1 Check if being a sole trader is right for you

  2. Step 2 Choose your business name

  3. Step 3 Check what records you need to keep

    When you start trading you must keep records. This will help you work out your profit or loss for your tax return.

    1. Find out what business records you need to keep
  4. Step 4 Register as a sole trader

  5. Step 5 Check what taxes may apply to you

  6. Step 6 Plan for your tax bill

    You may need to pay Income Tax on your profits and may need to pay National Insurance contributions.

    1. Get an estimate of how much you will need to pay
    1. Find out more about Income Tax rates
    1. Find out more about National Insurance rates
  7. Step 7 Get help and support