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Transferring my existing Registered Business Name to my new Company

  • 17-04-2018 11:52am
    #1
    travellingkitty
    Registered Users Posts: 14 ✭


    I wonder if anyone has any advice on the process of transferring a Registered Business Name (RBN) used while I have been a sole trader to my new limited company.

    I set up in business as a sole trader last year and registered a business name. I've built up a bit of business under that RBN but now it makes sense for me to set up a limited company. I tried to set up the company under the same name as the RBN but the CRO wouldn't let me presumably because I already had it as an RBN.

    I have set the company up under a different name but wish to continue to trade as the RBN as that is how my clients and others in the industry have gotten to know me - my website presence is in that name etc. However, it seems that I have to cease trading and submit forms to that effect to the CRO in order for the company to be able to take over the trading name.

    I figured I cannot possibly be the only person that this has happened to and am asking if anyone out there has experience of anything similar. All advice gratefully received.
    Tagged:


Comments

  • #2
    westgolf
    Registered Users, Registered Users 2 Posts: 831 ✭✭✭westgolf


    Simply put " xyz1 ltd trading as .. name you have already. "

    Gets you ltd status and keeps the benefits of the brand already created.


  • #3
    travellingkitty
    Registered Users Posts: 14 ✭travellingkitty


    Thanks westgolf - do I not have to move ownership of the RBN to the limited company?
    AIB said they cannot have the trading name on the company account unless it is registered to the company and not to me personally.


  • #4
    J.Ryan
    Registered Users, Registered Users 2 Posts: 474 ✭✭J.Ryan


    You don't own a business name, you merely use it, the company can file a RBN form and buy the rights to use it too.

    But the question is why didn't the CRO let you form a company with that name, if there is already a company in existence with that name, that out ranks any business name in any court case, they could easily prevent you from using that name.


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