Register your new business name.
**How Much is It to Register Your Business?**
When starting a new business in Australia, one of the crucial steps is registering your business name. This process ensures that you can operate your business under a name different from your legal name. The cost of registering a business name in Australia varies depending on the duration of registration. Here, we will explore the costs associated with registering your business name.
### Costs of Registering a Business Name
The Australian Government’s Business Registration Service offers a streamlined process for registering your business name. You can apply for an Australian Business Number (ABN) and register your business name online. The fees for registering a business name are as follows:
– **$99 for 1 year**: This is the most common registration period, which allows you to operate your business under the registered name for one year.
– **$189 for 3 years**: If you plan to operate your business for a longer period, you can register for three years, which costs $189.
### Benefits of Registering Your Business Name
Registering your business name offers several benefits. Firstly, it ensures that your business name is unique and not already taken by another entity. Secondly, it allows you to operate your business under a name that is different from your legal name, which can be beneficial for branding and marketing purposes. Additionally, registering your business name provides a sense of legitimacy and professionalism, which can help build trust with customers and partners.
### How to Register Your Business Name
Registering your business name is a straightforward process. You can use the Business Registration Service to apply for an ABN and register your business name online. Alternatively, you can use a private service provider to assist with the registration process. The fees mentioned above include the ASIC Government Fee and your Record of Registration, which will be emailed to you once the registration is processed.
### Conclusion
In conclusion, registering your business name in Australia is a crucial step in starting a new business. The cost of registering a business name varies depending on the duration of registration, with options available for 1 year and 3 years. By registering your business name, you can ensure that your business operates under a unique and legitimate name, which can help build trust and credibility with your customers and partners.
**Best Practice: Register Your Business Name with register.biz.au**
For a hassle-free and cost-effective way to register your business name, we recommend using “register.biz.au”. This service is ASIC Registered Agents and offers a comprehensive solution for registering your business name. You can register your business name for 1 year or 3 years, and you will receive your official Business Name Record of Registration. For more information, please visit [register.biz.au](https://register.biz.au).
