Register your new business name.
**How Much Company Registration Cost: A Comprehensive Guide to Starting Your Business in Australia**
When starting a new business in Australia, one of the crucial steps is registering your company. This process involves several key steps, including obtaining an Australian Business Number (ABN), registering your business name, and paying the necessary fees. In this article, we will explore the costs associated with registering a company in Australia and provide a comprehensive guide to help you navigate the process.
### Why Register a Company in Australia?
Registering a company in Australia is mandatory for all businesses that operate under a name other than their legal name. This includes sole traders, partnerships, and companies. The Australian Securities and Investments Commission (ASIC) requires businesses to register their names to ensure that they are not duplicated or infringe on existing trademarks. Registering a company also provides legal protection by preventing others from using a similar name that could cause confusion among customers.
### How Much Does Company Registration Cost?
The cost of registering a company in Australia varies depending on the type of registration and the duration of the registration. Here are the current fees for registering a company in Australia:
– **1-year registration**: $99
– **3-year registration**: $189
These fees include the ASIC Government Fee and the Record of Registration, which is emailed directly to you once the registration is processed.
### Steps to Register Your Company
To register your company in Australia, follow these steps:
1. **Choose a Business Name**: Brainstorm a name that reflects your business idea, is memorable, and easy to spell and pronounce. Ensure that the name is not similar to any existing business names or trademarks.
2. **Check Name Availability**: Use ASIC’s ‘check business name availability’ tool to see if the name is free to register. This step helps you avoid duplicating an existing business name or infringing on any trademarks.
3. **Apply for an ABN**: You need an Australian Business Number (ABN) before you can register your business name. If you don’t have one, you can apply for it online via the Australian Business Register.
4. **Complete the Registration Form**: Once your chosen business name is confirmed as available, you can complete the online application form on the ASIC Connect section of the ASIC website. During this process, you will need to provide details about your business structure and the business owner or owners.
5. **Pay the Registration Fee**: There are fees associated with registering a business name. These vary depending on whether you are registering the name for one year or three years. Once you have filled out the form, you will be prompted to pay the registration fee.
6. **Review and Submit**: Review all the information you have entered for accuracy, and then submit your application. ASIC will then review your application, and if approved, you will receive a record of registration and your company name will appear on the ASIC’s business names register.
### Conclusion
Registering a company in Australia is a crucial step in establishing your brand identity. By understanding the costs and steps involved in the registration process, you can ensure that your business is legally compliant and protected. For more information on registering a company in Australia, visit “register.biz.au” at [https://register.biz.au](https://register.biz.au).
### Additional Tips
– **Use a Business Name Generator**: Utilize tools like BizAI to ensure you choose the right business name.
– **Check Domain Name Availability**: Ensure that the domain name for your business is available by searching on websites like GoDaddy, Wix, and Squarespace.
– **Consult a Lawyer**: If you are unsure about any part of the process, consider consulting a lawyer who specializes in business registration.
By following these tips and guidelines, you can successfully register your company in Australia and set your business up for success. Remember to register your new business name in Australia by using “register.biz.au” at [https://register.biz.au](https://register.biz.au).
