Always wondered what the difference between a business name, a trading name and a legal name is? There is no difference!
‘Trading name’ is an old term, and now ‘trading name’ and ‘business name’ can be used interchangeably. ‘Business name’ is the newest and most correct term
A legal name is the name of the entity that appears on all official documents or legal papers. It can be different to your business name.
If you want your business to trade under a name that is different from your legal name, then you’ll have to register a business name with the Australian Securities and Investments Commission (ASIC). For more information please visit here.