Hi Forum,
I have been running a sole prop business for the past 2 years. I have done a million rand turn over in this last financial year and so now need to register for VAT.
My accountant has strongly urged me to NOT register as a VAT vendor in my personal capacity, but to rather register my company as a PTY Ltd and then register the company as a VAT Vendor. That is all fine and well.
The problem I have run into is that the name I have been trading under as been rejected by the CIPC and I have been told that a PTY Ltd cannot trade under any other name other than the one that they have registered - according to the new Consumers Act - is this true?
The internet has been incredibly conflicting. Some people say you can't, some people say you can but be prepared to be sued if the name you are trading under ever finds you!?
Please help!
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