Register your new business name.
**Registry of Business Names: A Comprehensive Guide to Registering Your Business Name 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 under a unique and recognized name, differentiating it from other businesses. The registry of business names in Australia is managed by the Australian Securities and Investments Commission (ASIC), which provides a comprehensive system for registering and managing business names.
### Why Register a Business Name?
Registering a business name is essential for several reasons. Firstly, it prevents others from using the same name, ensuring that your business stands out and is easily identifiable. Secondly, it provides legal protection, as it allows you to operate under a name that is distinct from your personal legal name. Lastly, registering a business name helps to establish credibility and professionalism, making it easier to attract customers and build a strong brand.
### How to Register a Business Name
To register a business name in Australia, you can use the ASIC Connect system or the Business Registration Service. The ASIC Connect system allows you to register your business name directly with ASIC, while the Business Registration Service combines multiple business and tax registrations in one place, making it easier to start a business.
### Steps to Register a Business Name
To register a business name using ASIC Connect, follow these steps:
1. **Log in to ASIC Connect**: If you don’t have an ASIC Connect account, you can register online.
2. **Select ‘Business name’**: From the drop-down box, select ‘Business name’ and click ‘Go’.
3. **Enter your Australian Business Number (ABN)**: You must have an ABN or have applied for one to register a business name.
4. **Enter the proposed business name**: Enter the proposed business name exactly as you would like it to appear on the register.
5. **Select the registration period**: You can register a business name for one year or three years.
6. **Enter the business name holder’s details**: Enter the proposed business name holder’s details, such as their date of birth.
7. **Enter the proposed business name’s addresses**: Enter the addresses of the proposed business name.
8. **Confirm eligibility**: Confirm that the holder is not disqualified or convicted of criminal offenses outlined in the Business Names Registration Act 2011.
9. **Review your application**: Review your application to ensure the business name is spelt correctly and complete the declarations.
### Fees and Payment Options
The fees for registering a business name in Australia are:
– **$42 for 1 year**
– **$98 for 3 years**
You can pay these fees using ASIC Connect or the Business Registration Service.
### Conclusion
Registering a business name in Australia is a straightforward process that provides legal protection and helps establish credibility. By using the ASIC Connect system or the Business Registration Service, you can ensure that your business operates under a unique and recognized name. For more information on registering a business name, visit the registry of business names at [register.biz.au](https://register.biz.au).
### Additional Tips
– **Check for availability**: Before registering a business name, check if it is available using the ASIC business names register.
– **Choose a memorable name**: Choose a business name that is easy to remember and relevant to your business.
– **Display your business name**: Display your business name and ABN on official correspondence and at every place where you carry on business that is open to the public.
By following these steps and tips, you can successfully register your business name in Australia and establish a strong foundation for your business.
