What's the difference between a company and a business? Company ends with the word LIMITED. Meaning, you can run (operate) many different activities under that company name you register. If you register Johnny Limited then you can operate many different activities under that company name Johnny Limited. For example, under Johnny Limited, you can operate construction work, trading or retail work, pmv service, hire car service, rental service and the list goes on.
However, under business name you cannot operate more than one activity or apart from the activity in relation to the description of the business. Your business name must consist at the end of the business name the concise description of your business activity. For instance, if you register a business name-Johnny Trading then you must operate activity relating to TRADING only like retails. Another example, if you register your business as Johnny Construction- you must carry construction work only under that business name. You are not allowed to operate hire car service or any other different activities under yourJohnny Construction business name. Inbox us Mixed SME Solutions for further clarification or assistance in registering your business or company.
Therefore, the IPA fee for company name registration is slightly different or above than a business name registration fee.
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