How to Register a Business Name in Australia
Written by Mike Philips
Published on 11/24/2019 2:59:38 PM
To ensure securities of lives and Properties, system of government was setup and for this purpose Australia Government has been performing excellently. To own a business in Australia, likewise, other countries of the world, you must go through a process to get your business name, taxes and business trademark registered.
This article will be revealing the steps involved in getting your business name registered in the greatest Australia, with little to no difficulty.
Australia is one of the most developed countries of the world with booming economy and attractive environment. Isolated, geographically by water but sophisticatedly connected to every other country of the world. A lot of businesses work better and fine in Australia. The country is with little crime rate being driven over advanced technology.
Registering a business name with Australia is great and simplified. A single business registration consists of registering a business name, taxes information and AUSkey. All these could be done by submitting a single registration request.
And interestingly, this takes between a day or two to get completely registered.
Australian business registration is done with the regulatory agency, Australia Securities and Investment Commission (ASIC), which coordinates business licencing and registrations in the country. Steps involved in getting very business name registered in Australia are as follow:
Step 1 - Log in to ASIC Connect and select the 'Licences and Registrations' tab at the top of the page
If you don't have an ASIC Connect account, you can register online
On first time log in in, a prompt would come up, kindly select 'No', you don’t have a current business. You don't need an ASIC key to register.
Step 2 - Select 'Business name' from the drop-down box
Select 'business name' from the drop-down box and select 'Go'. Read the information and make sure you tick the boxes.
Select 'Get started'.
Step 3 - Enter your Australian Business Number (ABN)
You must have an Australian Business Number
(ABN) or have applied for an ABN to register a business name.
Select the relevant option, enter your ABN, and select 'Next'. You must enter your ABN without any spaces.
Step 4 - Enter the proposed business name
Enter the proposed business name exactly as you would like it to appear on our register. Business names are case sensitive.
Step 5 - Select the registration period
You can register a business for one year or three years. After this period, it must be renewed.
Step 6 - Enter the business name holder's details.
Enter the proposed business name holder details (e.g. the holder's date of birth, gender and the likes)
Step 7 - Enter the proposed business name's addresses
Enter the addresses of the proposed business name.
Step 8 - Confirm the eligibility to hold the business name.
To hold a business name, the holder cannot be disqualified or convicted of criminal offences outlined in the Business Names Registration Act 2011.
Step 9 - Review your application
Review your application; make sure your business name is spelt correctly.
Complete the declarations and confirm you're authorised to submit the application.
Step 10 - Make payment and confirm your transaction.
You can pay by credit card, BPAY, or request an invoice. If you don't pay within 10 days, your application will be cancelled and you will need to reapply.
Once you've made payment, you'll see a confirmation screen. Once payment has been made, your business name should be registered within 48 hours.
If you find this method too tedious, Australian Government has laid down an alternative method, which is less expensive, less tedious and fast. This is provided by the Australian Government Business Registration