Can a small business owner have a company name?

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If you intend to work as a small business owner in the near future, then you should find out in advance exactly what a small business owner is allowed to do and what is not. When it comes to the question of whether you are allowed to have a company name and what else a small business owner has to consider, the whole company is just beginning.

There are all sorts of things to consider before starting a business.
There are all sorts of things to consider before starting a business.

The beginning of a small business owner - this is what you should keep in mind

  • Before you think about starting a small business, you should be realistic about your expected sales.
  • The small business regulation only applies to those who had a maximum turnover of 17,500 in the previous year EUR and will probably not generate more than EUR 50,000 in sales in the current financial year to have.
  • The advantage here is that no sales tax has to be paid. At the same time, however, you are not allowed to claim any input tax.
  • Simplified bookkeeping is also a factor that should not be underestimated.
  • Whether or not you choose the small business scheme should depend, in addition to sales, on whether you have a high initial investment like that For example, IT equipment, office furniture, etc., and perhaps also regular investments, such as office supplies, can be expected are. If this is the case, then it is advisable to do without a small business, because you have to pay the sales tax, but at the same time, usually at the beginning, you can claim more input tax.
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  • Whether you choose the small business regulation or not should depend, in addition to the turnover, on whether you have high initial investments, such as IT equipment, office furniture, etc. have to make and maybe also regular investments, such as office supplies are to be expected.

Have a company name - what is allowed and what is not

  • A company name as such is not permitted for small businesses. However, there are 3 different rules.
  • If you are starting a small business, you will also need to complete a business registration. This registration takes place only under your name, for example Max Mustermann. There must be no addition here.
  • The business name, for example xy Promotions come first, but your name and address must be underneath be specified.
  • An exception is then, for example, your own advertising. Newspaper advertisements, advertising banners, domains on the Internet, etc. can only be given with the business name, but on websites your own name must at least appear in the imprint, including the address.

When asked if a Small business owner may have a company name, this cannot be answered with a specific yes or no. If you have any doubts, you should always contact a tax advisor.

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