First, you need to check if the name you want is available. You can search the ASIC registry to confirm this. Next, you need to fill out an online form. Once your application has been reviewed and processed, you can expect to receive the name of your registered business in the mail. A business is a complex business structure with higher ongoing installation and administration costs (for example, the asic annual review fee). Businesses must be registered with ASIC, and company owners have legal obligations under the Corporations Act. However, for some types of businesses, your official name is a name that you have registered. For example, suppose you have a company name that you have registered with ASIC. Many companies have a brand name that is used by different entities.
For example, ABC may have ABC Operations, ABC Logistics, and ABC Security. This is the name under which you operate your business. Company names must be registered with the Australian Securities and Investments Commission (ASIC). However, before you can register a company name, you will need an Australian Business Number (ABN). If you are still confused about this process or have any questions, our team at Sprintlaw will be happy to assist you. On the other hand, registering a business with ASIC makes your business a separate legal entity. A company is required to include the legal terms or abbreviations “Pty” or “Ltd” at the end of the name. Names that are identical or almost identical to an existing registered company name are not allowed. Your official name may be different from your company name.
Depending on the structure of your business, your official name may be: If you have a preference for foreign words, try typing your favorites into Google Translate and see what appears. Registering a company name does not give you the same rights as registering a trademark. You do not own this name and have no exclusive right to use the name. If you want to protect your company name from use by a competitor, you will need to register a trademark. You can then control the use of the name or part of the name. A business name is the title under which your business operates. It is sometimes called a trade name (but it is now an old term). If your company does not operate under its own company name (e.g. Bill Smith Pty Ltd) or your own name (e.g. Bill Smith), you will need to register a company name.
Once you`ve found and registered your company name, be sure to store your data (including your NBA) in a convenient place on your desktop or phone. You`ll need it when you sign up for all the other business needs. Have fun naming! Registering a business name is a quick and easy process that is done online. To register your business, visit the ASIC website. A trademark gives you exclusive trademark, trademark or ownership rights to your company name. If you think your business would benefit from a brand, visit the IP Australia brand page to learn more. If you know your company name is available, you must have or apply for an Australian Business Number (ABN). When you apply for an ABN online through the Australian Business Register, you can log in directly to ASIC Connect to register your company name. Once you`ve checked the availability of the company name with ASIC and know your name isn`t taken yet, check if it`s available as a .com domain name or .com.au.
This will become your company`s website address and will also appear in your work email address. You are required by law to register a company name if: Before the introduction of the National Register of Business Names on May 28, 2012, a “business name” is an unregistered name that companies can use. If your structure is something like a sole proprietorship, then it may be enough to have a business name on its own. That said, you should always seek advice where you can (especially if you have bigger plans for the future of your business!). In Australia, we have a national register of business names to help identify companies involved in business activities. This provides some security for consumers who may not know exactly who is providing their goods or services. If you are unsure of your obligations, please contact the You Legal team. We can help you navigate regulations to ensure your business is fully compliant. Learn more about protecting your company name from ASIC.
Prior to 28 May 2012, the Australian Business Register (ABR) collected the names used by companies to operate. The ABR displays this name as a trade name. If you wish to remove the business name that appears next to your Australian Business Number (ABN), you will need to contact the ABR. There are distinct differences between a trade name, a company name, a company name, and a brand name. and situations where the use of one is better than another. Let`s take a look at it below. The Australian Business Register and ABN Lookup will continue to display unregistered business names, but they will be removed from November 2023 and only registered trade names will be displayed. You must have a company name (unless you respect the exception), but you only need a company name if you want to register as a company.
If you sell your business, you will need to transfer the business name if the new owner wants to use it. If you are the new owner, you will need to register the name with the transfer number.