Register your new business name.
**How Much Does Registering a Business Name Cost in Australia?**
When starting a new business in Australia, one of the crucial steps is registering your business name. This process ensures that your business operates legally and can be identified by customers and other businesses. But how much does registering a business name cost?
**Cost of Registering a Business Name**
The cost of registering a business name in Australia varies depending on the duration of the registration. You can register your business name for either one year or three years. The fees for business name registration are as follows:
* **$42 for one year**: This is the cost for registering a business name for a period of one year. This fee includes the ASIC Government Fee and your Record of Registration emailed directly to you.
* **$102 for three years**: This is the cost for registering a business name for a period of three years. This fee includes the ASIC Government Fee and your Record of Registration emailed directly to you.
**Additional Costs**
In addition to the registration fee, you may need to pay other costs associated with setting up your business. These costs can include the cost of registering for an Australian Business Number (ABN), which is free but requires you to pay a fee within 10 days of approval. You may also need to pay for other business registrations, such as a company registration, which can cost between $422 and $3,029 depending on the type of business setup required.
**Why Register a Business Name?**
Registering a business name is essential for any business operating in Australia. It allows you to trade under a name other than your legal name, which can help you build a brand and differentiate yourself from competitors. Additionally, registering a business name ensures that your business is legally recognized and can be easily identified by customers and other businesses.
**Conclusion**
In conclusion, registering a business name in Australia can cost between $42 and $102 depending on the duration of the registration. It is essential to consider these costs when setting up your business to ensure that you are legally compliant and can operate successfully. For more information on registering a business name, visit **register.biz.au**.
