Probably a question for James, but I'll throw it into the ether and see what comes back.
I've completed all my ICB exams and am now a full member of ICB.
Just in the process of completing the application for the Practice Licence.
I intend trading and a sole trader, but wanted to use a 'trading as' name.
So, my questions are simply:
(1) The Practice can have whatever name it wants, but what actually appears on the Practice Licence - the trading as name or my personal name?
(2) OK, as a sole trader, I go along to the insurers for my PII. Even as a sole trader are they going to ask, "do you have a trading name to go on the certificate?"
Sorry if these questions sound a little lame, but just want to get it clear in my own mind. For a bookkeeping practice there is no way I would go down the Limited company route (at least not for the foreseeable future), so I would be acting as a sole trader.
Bill is right, your license and PII will have both your personal name and your trading name.
It is not hugely important to have it on your certificate, so if you come up with a trading name later on you don't need to get new certificates. You do however need to tell both ICB and your PII provider, as most of the time your clients will refer to you as your trading name if they call the ICB, and it helps them find you.
Also you would want your trading name to appear on your free listing in the ICB directory.
