further to some recent threads we have decided to set up a couple of new online stores. To this effect we want to change our business name from Puddle Pet Care to The Puddle Group (I know bit pretentious but couldn't think of anything else )
Puddle Pet Care and the new buisnesses would then be under the Puddle Group "umbrella" as it were.
Main concern was the VAT - but having spoken to VAT office they are fine as long as invoices/correspondance have the known buisness name and vat number you can call yourself whatever you want.
However having spoken to the bank they are insisting we open up a new bank account under the new name. Now to me this is silly! We are trading as a partnership not a ltd company and if as an individual I wanted to change the name on my bank account (married/divorced etc) all I would need to do is show them proof of change and wouldn't need to open a new account - so why not for a business.
Whilst in reality it wouldn't be too difficult to do - it would just be a big inconvenience - having to remember new account numbers, changing DD, changing online banking etc.
Has anyone else come across this? Am I alone in thinking it's madness?
Puddle Pet Care and the new buisnesses would then be under the Puddle Group "umbrella" as it were.
Main concern was the VAT - but having spoken to VAT office they are fine as long as invoices/correspondance have the known buisness name and vat number you can call yourself whatever you want.
However having spoken to the bank they are insisting we open up a new bank account under the new name. Now to me this is silly! We are trading as a partnership not a ltd company and if as an individual I wanted to change the name on my bank account (married/divorced etc) all I would need to do is show them proof of change and wouldn't need to open a new account - so why not for a business.
Whilst in reality it wouldn't be too difficult to do - it would just be a big inconvenience - having to remember new account numbers, changing DD, changing online banking etc.
Has anyone else come across this? Am I alone in thinking it's madness?
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