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Business Name and Corporate Name

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Business Name and Corporate Name

  • This topic has 5 replies, 2 voices, and was last updated 11 years ago by MikeLittle.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • April 3, 2014 at 7:05 am #164091
    Issen
    Member
    • Topics: 12
    • Replies: 9
    • ☆

    If a person (company, sole trader, or partnership) uses a different name (business name) other than his own (corporate name) to carry business, it is required to:
    (a) state its name, registered number and registered address on all business letters ( including emails) invoices, receipts, written orders for goods or services and written demands for payment of debts.
    (b)to display its name and address in a prominent position in any business premises to which its customers and suppliers have access.
    (c) on request of any person to whom it does business to give notice of its name and address.

    My question is in parts (a) to (c) is the name referring to corporate name or business name?

    April 3, 2014 at 11:13 am #164115
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23303
    • ☆☆☆☆☆

    Both! If it’s a company trading under a name different than the company name, then …………………….

    If it’s a partnership trading under a name different than the firm’s name (business name) then …………….

    OK?

    April 7, 2014 at 6:46 am #164577
    Issen
    Member
    • Topics: 12
    • Replies: 9
    • ☆

    Its not very clear, but I guess both names should be used. But in part (a) to (c), it referred to the corporate name, hence both names.

    April 7, 2014 at 10:59 am #164604
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23303
    • ☆☆☆☆☆

    If ABC Limited carries on a business under the trading / business name of “Letters”, then outside its place of business (typically in BIG letters) it will advertise its presence as “Letters”

    But, if you look closely, there should be a plaque / sign outside its front door that says “ABC Limited trading as “Letters””

    Better?

    April 29, 2014 at 12:44 pm #166750
    Issen
    Member
    • Topics: 12
    • Replies: 9
    • ☆

    Thanks Mike, I’m bound to understand such a clear and nice example 😉

    April 29, 2014 at 6:20 pm #166788
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23303
    • ☆☆☆☆☆

    You’re welcome

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    Posts
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