I am closing my business and ABN but remain a sole trader. How do I update my details?

I am deregistering my business name and ABN, but will remain a sole trader. How do I do delete my ABN etc., but retain my Square account.  There will be no change to where my revenue is banked?

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Square Community Moderator

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Thanks for your patience here, @SK57

I've heard back from our Account Services team, and they've confirmed that since your business structure has changed from a company with an ACN to an Individual/Sole Trader with no ABN, you'll need to create a new Square account. Your Square account is tied to an ABN+ACN provided during the account setup process, and updating this information involves a business structure change that we're unable to support at this time.

More information on how to proceed with a new account as an Individual/Sole Trader with no ABN can be found in this thread.

Sorry I couldn't be of more help here. If you have any other questions, please don't hesitate to reach out. 

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Square Community Moderator

Thanks for your question, @SK57!

I've reached out to our Account Services team to get more information on this for you. As soon as I have an update, I'll reach back out to you here.

Talk soon!

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Thanks for your patience here, @SK57

I've heard back from our Account Services team, and they've confirmed that since your business structure has changed from a company with an ACN to an Individual/Sole Trader with no ABN, you'll need to create a new Square account. Your Square account is tied to an ABN+ACN provided during the account setup process, and updating this information involves a business structure change that we're unable to support at this time.

More information on how to proceed with a new account as an Individual/Sole Trader with no ABN can be found in this thread.

Sorry I couldn't be of more help here. If you have any other questions, please don't hesitate to reach out. 

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