Business name

teddyboy

I'm starting a business. e.g Goldman advice

In this business no money will be exchanged. I will be doing pro bono work for different people to gain experience.

I was told I didn't need to register my business name or any legal stuff with revenue

234

Good for you.

BTW: if you do have a question, rather than just a statement, then make sure it's not a request for legal advice.

Ken.

teddyboy wrote: »

I'm starting a business. e.g Goldman advice

In this business no money will be exchanged. I will be doing pro bono work for different people to gain experience.

I was told I didn't need to register my business name or any legal stuff with revenue

Have a look at this page and follow some of the links
http://www.citizensinformation.ie/en/employment/types_of_employment/self_employment/setting_up_a_business_in_ireland.html

Maybe get in contact with the small firms association for advice.
http://www.sfa.ie/Sectors/SFA/SFA.nsf/vPages/Home?OpenDocument

Pat Mustard

Link

Registration of a business name is obligatory if any individual or partnership (whether composed of individuals or bodies corporate or any combination of both) or any body corporate carries on business under a name other than their own true names. Its purpose is to make public the identities of those individual(s), partnerships or corporate bodies being the legal entity behind the business name.Specifically registration of a business name is required if:

• an individual uses a business name which differs in any way from his/her true surname. It makes no difference whether the individuals first name or initials are added. So registration is required if, for example, Mr. John Murphy traded as Murphy Builders but not if he traded as Murphy or John Murphy);
• a firm uses a business name which differs in any way from the true names of all partners who are individuals and the corporate names of all partners which are bodies corporate;
• a company uses a business name which differs in any way from its full corporate name;
• a person having a place of business in the State carries on the business of publishing a newspaper.

Peregrinus

You say you will be running a business. Even if they are not paying you, people are entitled to know who they are doing business with, so (unless you run the business using your own name) you do need to register your business name.

As an individual, you may have an obligation to file a tax return anyway, depending on your circumstances. If you derive no income from your business, obviously there'll be no business income to report in your tax return. And, of course, any expenses you incur in connection with your business will not be tax deductible.

Clearly, the turnover of your business will not be such as will require you to register for VAT.

And you mustn't forget non-revenue-related regulatory requirements. If you're running your business from your home, this may require planning permission for a change of use. It doesn't matter that the business generates no revenue; the planning authority may be concerned that it generates, e.g., traffic to your house. If you drive your own car in connection with your business, you may need to tell your insurer so that it knows your use of the car is no longer purely personal. And the business itself may be subject to professional or other regulation; you need appropriate professional qualifications and registration to practice as a lawyer, accountant, doctor, etc; it makes no difference that you are practising pro bono.

And, whether it's a legal requirement for your particular business or not, you would be wise to take out public liablity insurance. If you are negligent or incompentent in the practice of your business and a client suffers loss as a result they can sue you, and it won't necessarily be a defence to say that they didn't pay a fee for your service.

Basically, your default assumption should be that you will need to do everything that you would have to do if you were running the same business for reward, and then identify the obligations for which this is not true, rather than the other way around.

teddyboy

The Mustard wrote: »

Link

So can you use your middle name like

Micheal Collins hair

so you could use Collins ?

Peregrinus

teddyboy wrote: »

So can you use your middle name like

Micheal Collins hair

so you could use Collins ?

If "Collins" is your surname, yes.

If "Collins" is a given name (Like "Fitzgerald" in "John Fitzgerald Kennedy") then you'd need to register a business name.