All businesses must be registered when using another name aside from the real name of the owner. That is what the law requires from entrepreneurs. Thus if you are running an unregistered business of if you are about to start a new business for that matter in Australia, registering it should be part of your plan. If you will not register your business and you will be found out, you can just expert that you will be penalized by the government and who knows if you will also face some legal charges being you outright disobeyed the government. No one is above the law as they say and besides, there are a number of benefits if you will register your business aside from the fact that you will be free from worries that anytime, you will be found out. You can then focus in enhancing your business.
If you need some tips on how to register a business name in Australia, try checking down below:
– If you will register via ASIC, you need to create an account if this is your first time using it. However, if you already have an account, then you can just log in to your account and start registering your business name. Aside from ASIC, you can also register your business via TradingAs. This is a legitimate site where all businesses in Australia can be registered. However, you will be paying more if you will use this since you still need to pay the ASIC fee. But registering via TradingAs is easier and simpler per advise by those who have already experienced this site.
– One thing though, before you start registering your business either in ASIC or in TradingAs, you must have already your Australian Business Number or ABN or our ABN reference number. Your registration will not be completed without it.
– After that, you can now input your chosen business name and the period of registration like if it is good for a year only or for three years. You need to make sure that your business name is available as you can’t register an already registered name the same way that no one can register your chosen business name as well after you register it. You can also check in TradingAs if the name you choose is indeed available.
– After that, you can now enter the details of the business name owner like if it is yours or if there are other owners and so on. If you will choose to register in TradingAs, everything will be easy as they are using simple terms and you only to follow the prompts. In fact, the registration will just run for about 5 to 10 minutes.
So, this is some of the steps that will entail if you will register your business name. Of course the ASIC is the provided site by the government but the TradingAs is an approved site thus it is also okay to register your Australian business here.