View Poll Results: How is your company registered?

Voters
35. You may not vote on this poll
  • LIMITED COMPANY

    6 17.14%
  • SOLE PROPRIETORSHIP

    17 48.57%
  • PARTNERSHIP

    6 17.14%
  • SOCIETY

    0 0%
  • NOT REGISTERED

    6 17.14%
  • OTHER

    0 0%
Results 1 to 12 of 12
  1. #1

    Question How is your company registered?

    Just curious how is your company registered, if your answer is not in the poll options just post here, thanks.
    movabletypehost.com / xarayahost.com / tikihost.com : Interested?
    http://www.webhostingtalk.com/showthread.php?p=3691760

  2. #2
    Partnership here.
    movabletypehost.com / xarayahost.com / tikihost.com : Interested?
    http://www.webhostingtalk.com/showthread.php?p=3691760

  3. #3
    Just curious. Is it legal to not be registered? If so, when does it become illegal?

  4. #4
    Join Date
    Sep 2001
    Posts
    60
    if your using your name, like 'your last name' hosting, you guys would fall under sole prop. anyway, what is society?

  5. #5
    Join Date
    Jul 2001
    Posts
    483
    Not really "illegal" not to be registered. You can run a business as a Sole Trader in the UK, but you will need to let the Inland Revenue know - presuming you are in the UK.

    We have recently become a limited company, this has a number of benefits and also a number of downsides.

  6. #6
    Join Date
    Jun 2002
    Location
    Sydney, Australia
    Posts
    1,745
    Originally posted by Dave-A-M
    Just curious. Is it legal to not be registered? If so, when does it become illegal?
    This depends on where you are.

    Here in Australia you don't have to be registered if you call the business "Your Name" with no add-ons. For example, I could call my business "Shaun Ewing" without any repercussions as long as I notified the tax office of the income (which I have done for a separate business of mine).

    --Shaun.
    Shaun Ewing
    http://shaun.net

  7. #7
    Join Date
    Aug 2002
    Location
    Earth
    Posts
    1,802
    Just to correct your question, AFAIK, SOLE PROPRIETORSHIP cannot be registered. Anyone can start/have SOLE PROPRIETORSHIP, at least it is how in my State, in USA it is.

  8. #8
    Join Date
    Jun 2002
    Location
    Sydney, Australia
    Posts
    1,745
    Originally posted by AceWeb
    Just to correct your question, AFAIK, SOLE PROPRIETORSHIP cannot be registered. Anyone can start/have SOLE PROPRIETORSHIP, at least it is how in my State, in USA it is.
    A business can be registered as a "Sole Proprietorship" here in NSW, Australia.

    If I wanted to start a business called "Shaun Ewing"; I would be the sole proprietor (but I wouldn't have to register it).

    If I wanted to start a business called "Shaun Ewing Hosting"; I would still be a sole proprietor and would have to register it accordingly.

    --Shaun
    Shaun Ewing
    http://shaun.net

  9. #9
    Join Date
    Aug 2002
    Location
    Earth
    Posts
    1,802
    Strnage. I guess I will have to do some more seraching. i wanted to register mine, but i was always tooled that if you are Sole, then you do not get registered.

    Thanks for the post, I will check it out.

  10. #10
    Join Date
    Jul 2002
    Posts
    433
    You must register an Entity if it is not already in your Taxation database system, I think you'll find that in every part of the world.

    In Australia you cannot trade under your full name if you do not have a Tax File Number, you still need to register.

    You must also register an ABN (Australian Business Number) for GST reasons if your income from your business is over 50K otherwise its classed as a hobby, but you'll find not many businesses will trade without an ABN.

    Go speak to your accountant.

  11. #11
    Join Date
    Jul 2002
    Posts
    433
    Originally posted by shaunewing

    If I wanted to start a business called "Shaun Ewing"; I would be the sole proprietor (but I wouldn't have to register it).
    --Shaun
    If you do not have a tax file number, you still need to register.

  12. #12
    Join Date
    Jun 2002
    Location
    Lansdale, PA
    Posts
    16
    In order to start a sole proprietorship or partership here (Pennsylvania), one does not have to register. Income to the proprietor or partner is taxed as personal income. However, if you enter into a contract with someone using your company name, you can't enforce the contract in court if you're registered. Additionally, there is liability protection.

    Partnership/sole proprietorship works great if you're starting out small, but as one grows, it's a good idea to move into a LLC or C-Corp.

    One thing to remember with partnerships: Any contract entered into by ANY PARTNER is binding for the whole partnership. Liability extends to EVERY PARTNER. Easy to register, but an LLC is a much better idea.

    BTW: C-Corp was forgotten in the poll

    It's fairly cheap to start a C-Corp or LLC. See: http://www.mycorporation.com/
    Patrick Casady: Co-Owner
    RPG-Works.Net: Hosting For Creators
    [email protected] AIM: prcasady
    Please e-mail or IM for fastest response!

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