How much does it cost to Register a Business Name?
Are you ready to start your own business but feeling a bit daunted by the cost? Well, mate, I’ve good news: registering a business name in Australia doesn’t have to break the bank.
In this article, I’ll take you through the ins and outs of registering a business name, including how much it’ll cost you and what you need to do to get it done. So, grab a cuppa and let’s get cracking!
Let’s start with a bit of a shocker: did you know that you can register a free business name in Australia? Yep, you read that right, mate. But before you get too excited, there are a few catches.
How much does it cost to register a business name?
As I mentioned earlier, registering a business name in Australia is free if you’re willing to do it yourself. However, if you want an agent or service to do it for you, it’ll cost you a bit more.
The cost of registering a business name through an agent can vary, but it’ll typically set you back around $39 for one year or $92 for three years. And if you want to register your business name for over three years, you’ll need to renew it and pay the fee again.
But before you start panicking about the cost, remember that a registered business name is a small price to pay for the peace of mind and protection it gives you. After all, you wouldn’t want someone else nicking your business name and leaving you high and dry, would you?
What do you need to register a business name?
You’ll need a few bits and pieces to register a business name. The most important of these is an Australian Business Number (ABN). You can apply for an ABN through the Australian Business Register, and it’s free.
You’ll also need to provide a contact address for your business, and you’ll need to decide whether you want to register your business name for one, three, or five years.
How to register a business name?
Now, for the nitty-gritty: how do you go about registering your business name?
The business name registration process is pretty straightforward. You can register your business name online through the Australian Securities and Investments Commission (ASIC) website. You’ll need to have your ABN handy, your contact details, and the length of time you want to register your business name.
Once you’ve filled out the form, you’ll need to pay the fee (if you’re using an agent) and wait for your business name to be registered. It’s that easy!
So there you have it, mate. Registering a business name in Australia doesn’t have to cost a fortune, and it’s a small price to pay for the peace of mind and protection it gives you. So, don’t put it off any longer! Get your ABN, gather your contact details, and head to the ASIC website to register your business name today.
You’ll be one step closer to turning your dream into a reality and making a name for yourself in the business world. And remember, if you’re feeling a bit daunted by the process, don’t stress. Take it one step at a time; you’ll be done before you know it.
Registering Your Business Name using ASIC Connect:
Are you ready to register your business name with the Australian Securities and Investments Commission (ASIC)?
The process of registered business name is simple and can be done directly through ASIC Connect. This guide will walk you through the step-by-step process of registering your business name using ASIC Connect.
Step 1: Log in to ASIC Connect and select the ‘Licences and Registrations’ tab at the top of the page. You can register online if you don’t have an ASIC Connect account. Make sure to select ‘No’ when prompted if you don’t have a current or business registration service.
Step 2: Select ‘Business name’ from the drop-down box and select ‘Go’. Read the information provided and tick the boxes before selecting ‘Get started’.
Step 3: Enter your Australian Business Number (ABN). You must have an ABN or have applied for one to register a business name. Make sure to enter your ABN without any spaces.
Step 4: Enter the proposed business name exactly as you would like it to appear on the register. Keep in mind that business names are case-sensitive.
Step 5: Select the registration period. You can register a business name for one or three years. Remember that after this period, it must be renewed.
Step 6: Enter the business or company name and holder’s details, including date of birth.
Step 7: Enter the proposed business name’s address.
Step 8: Confirm the person of eligibility to hold the 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 and make sure the registered business’ name is spelled correctly. Complete the declarations and confirm that you’re authorized to submit the application.
Step 10: Make payment and confirm your transaction. You can pay by credit card, BPAY, or request an invoice. Remember that if you don’t pay within 10 days, your application will be cancelled, and you will need to reapply.
Once you’ve completed these steps, your business name should be registered within 48 hours. Don’t let the registration process stress you out; with this guide and ASIC Connect, you can register your business name in no time. Happy registering!”
So, let’s get cracking and make your business name official! And remember, as an Australian, you have the right to choose a catchy, memorable, and unique business name that will help you stand out in the market and make a lasting impression on your customers.
The Bottom Line:
In conclusion, registering a business name in Australia is a simple and affordable process that can be done online. It’s crucial to protect your business name and ensure that it’s unique and memorable, so your customers can easily find and remember your business. So, don’t hesitate to register your business name today and start seeing the rewards of your hard work and determination in no time.
So, are you ready to take the next step and register your business name? Don’t wait any longer; the time is now. Make your business name official and watch your dream become a reality. Cheers!
*The information this blog provides is for general informational purposes only and is not intended as financial or professional advice. The information may not reflect current developments and may be changed or updated without notice. Any opinions expressed on this blog are the author’s own and do not necessarily reflect the views of the author’s employer or any other organization. You should not act or rely on any information contained in this blog without first seeking the advice of a professional. No representation or warranty, express or implied, is made as to the accuracy or completeness of the information contained in this blog. The author and affiliated parties assume no liability for any errors or omissions.