A 'Business Name' refers to the legal name under which a sole trader, partnership, limited liability partnership, or company conducts business activities. The selection of a business name is regulated by the Companies Act to prevent misleading names.
A dormant company is an entity that has had no significant accounting transactions during the accounting period in question and therefore is exempt from certain financial and auditing obligations.
A provision included in new legislation or regulations that exempts certain individuals, businesses, or entities already engaged in regulated activities from complying with new requirements.
