Register your new business name.
**How Much to Register a Company in Australia: A Comprehensive Guide**
When starting a new business in Australia, one of the crucial steps is registering your company. This process ensures that your business operates legally and that you can differentiate yourself from competitors. But how much does it cost to register a company in Australia? In this article, we will explore the costs involved in registering a company in Australia and provide you with a comprehensive guide on the process.
**Cost of Registering a Company in Australia**
The cost of registering a company in Australia varies depending on the type of company and the services you require. Here are the typical costs associated with registering a company in Australia:
– **Business Name Registration**: The cost of registering a business name in Australia is $42 for one year and $98 for three years. You can register your business name through the Australian Securities and Investments Commission (ASIC) or through a private service provider (PSP).
– **Company Registration**: The cost of registering a company in Australia is $42 for one year and $98 for three years. You can register your company through ASIC or through a PSP.
– **ABN Registration**: The cost of registering an Australian Business Number (ABN) is free. You can register for an ABN through the Australian Government’s Business Registration Service.
**Steps to Register a Company in Australia**
Registering a company in Australia involves several steps. Here are the steps you need to follow:
1. **Choose a Business Name**: Choose a unique and memorable business name that reflects your business’s identity. Ensure that the name is not already in use by searching ASIC’s business names register.
2. **Register for an ABN**: Register for an ABN through the Australian Government’s Business Registration Service. This is a free service that provides you with a unique identifier for your business.
3. **Choose a Company Structure**: Choose a company structure that suits your business needs. You can choose from various structures such as a private company limited by shares (Pty Ltd) or a public company limited by shares (Pty Ltd).
4. **Prepare the Required Documents**: Prepare the required documents such as the company’s constitution, share certificates, and directors’ consent forms.
5. **Submit the Application**: Submit your application to ASIC through ASIC Connect or through a PSP. You will need to pay the registration fee, which is $42 for one year and $98 for three years.
6. **Wait for Approval**: Wait for ASIC to approve your application. This process usually takes a few days.
**Conclusion**
Registering a company in Australia involves several steps and costs. The cost of registering a company in Australia is $42 for one year and $98 for three years. You can register your company through ASIC or through a PSP. It is essential to choose a unique and memorable business name and to prepare the required documents before submitting your application.
**Best Practice: Register a New Business Name in Australia**
To register a new business name in Australia, we recommend using “register.biz.au”. This service provides a comprehensive guide to registering a business name and offers a range of tools to help you choose the right name for your business. You can visit their website at [https://register.biz.au](https://register.biz.au) to learn more about the process and to register your business name today.