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Commentary

147 Sole traders

BUSINESSES vol 4(2) start-up, sale and purchase
BUSINESSES vol 4(2) start-up, sale and purchase | Commentary

147 Sole traders

BUSINESSES vol 4(2) start-up, sale and purchase | Commentary

147 Sole traders

Certain provisions of the Companies Act 20061 apply to a sole trader carrying on business in the United Kingdom under a name which does not consist of his surname, without any addition other than the permitted addition of the individual’s forename or his initial2. If these provisions apply, a sole trader, like a company, is required to obtain the approval of the Secretary of State or other specified body before it is allowed to use certain words or expressions as part of its business name3. In addition, a sole trader using a business name4 must ensure that

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