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Q：
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What is the difference between a company and a business?
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A：
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A company refers to a corporate entity duly organized and registered in accordance with the Company Act. It is a juridical person, and its shareholders are liable only to the extent of their capital contributions. In contrast, a business as defined under the Business Registration Act, commonly referred to as a trade name or sole proprietorship/partnership, means an enterprise operated for profit by an individual or a partnership, in which the proprietor or partners bear unlimited liability.
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Q：
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Are street vendors required to apply for business registration?
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A：
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Street vendors are exempt from business registration. As to whether a street vendor business permit is required, please contact the Taipei City Market Administration Office directly.
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Q：
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How should a shop be handled if it conducts business without completing business registration?
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A：
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Where a person conducts business or performs other legal acts in the name of a business without having completed establishment registration, the competent authority at the place where the business is located shall order the person to complete the registration within a prescribed period. If the registration is not completed by the deadline, a fine of not less than TWD 10,000 and not more than TWD 50,000 shall be imposed, and such fines may be imposed consecutively for repeated violations.
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Q：
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If business names have the same pronunciation but differ in written form and meaning, may they be approved?
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A：
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Where the business name to be registered differs from an existing name in its written characters and meaning, registration may be approved, even if the pronunciation is the same.
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Q：
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May a business establish branch stores or branches offices?
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A：
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Yes. Where a sole proprietorship establishes a branch store, the name of the branch shall indicate “XX Branch,” the person in charge shall be the same as that of the head office, and the capital amount shall be aggregated with that of the head office.
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FAQ
