- Business must be carried out under the registered business name.
- Print your registration number on all letterheads, invoices, bills or other documents used for the purposes of the business.
- Renew your business registration annually on time using BizFile. Notify ACRA immediately if there is a change of business particulars, such as a change of address or business activity.
- Notify ACRA the moment you decide to end your business using BizFile.
- Sole proprietorships do not need to audit their accounts or file annual returns with ACRA as any profits will be taxed as personal taxes.