The Australian government has made the process of business name registration quite simple.
Step 1: Obtain an ABN from the Australian Business Register
You must have an Australian Business Number (ABN) before you can register a business name. Fortunately, it is simple to obtain one with you company registration!
You will need an ABN to:
- Register a business name
- Receive and pay the Goods and Services Tax
- Avoid PAYG tax on the payments you receive
- Confirm your business identity to others
- Connect to certain online government services
- Be endorsed as a gift deductible recipient or an income tax exempt charity
Step 2: Register business name with the ASIC
The second step in the business name registration process is to head over to the Australian Securities & Investment Commission (ASIC). eCompanies provides a businesss name registration service for companies registered through our company registration service.
There are some availability tests applied by ASIC before you are allowed to register a business name, including:
- The business name must not already be registered
- The business name must not be identical or nearly identical to a name already registered to another entity
- The business name must not include words or phrases that are restricted, offensive or could imply a connection to a government or similar organisation.
- The business name cannot use certain special characters
- The business name cannot use words and expressions which make it appear to have the same meaning as another business name.
- The business name cannot use words that sound the same as another registered businesses name
If you have already found a business name that is available and abides by ASIC’s rules, the whole process takes less than 15 minutes.
Step 3: Trade mark your business name (optional)
The next step in the business name registration process is optional. If you wish to register your business name as a trade mark. You may need to trademark your business name if you are creating a product or service that is unique. A plumber or electrician may not require a trade mark, but a cosmetics or clothing company probably will.
Step 4: Register your domain names (optional)
If you intend on doing business online, you should register the domain name that matches your business name at this point. At the very least, you should purchase a .com.au name that matches your business name. You might also be interested in buying other extensions (.com .net and so on) or variations of your business name (common typos and product names).
Thanks for reading How to register a business name in Australia. For more information on register a company and business name registration, contact us today.