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How To: Business Name Registration (A Step-by-Step Guide)

Starting a business in Australia begins with choosing the perfect name and registering it officially. Business name registration is a critical step in establishing your brand identity and operating legally. If you’re wondering how to get started, this comprehensive guide will walk you through the process of registering your business name in Australia, with tips, tools, and services to make the process easier.

Why Register a Business Name?

Registering a business name is not just a formality—it’s a legal requirement if you want to trade under a name that’s different from your own. It also gives your business a professional identity and helps customers recognise and trust your brand. Whether you’re a sole trader or running a larger enterprise, business name registration is essential for:

  • Establishing credibility with clients and stakeholders.
  • Protecting your brand identity in the marketplace.
  • Meeting legal requirements for operating in Australia.

For more help in brainstorming the perfect business name, check out our guide on how to come up with a business name.

Step-by-Step Guide to Business Name Registration

Follow these steps to successfully register your business name in Australia:

1. Choose Your Business Name

Start by selecting a unique and memorable name for your business. Ensure the name reflects your brand values and services while appealing to your target audience. You can use the ABN Lookup tool to check if the name is already in use.

2. Check the Availability of Your Business Name

Before registering, ensure your chosen name is available. Visit the Australian Securities and Investments Commission (ASIC) website to perform a name availability search. The name must not be identical or too similar to an existing registered business name.

3. Decide on Your Business Structure

Your business structure determines how you register your name. If you’re a sole trader, partnership, or company, the process may vary slightly. Learn more about different business structures in our article on how to register a new company in Australia.

4. Register Your ABN (Australian Business Number)

You need an ABN to register a business name. If you don’t have one, you can learn how to register for an ABN and why it’s important. Once your ABN is ready, you can proceed with your name registration.

5. Register Your Business Name with ASIC

Once you’ve chosen an available name and have your ABN, you can register the name through ASIC. You’ll need to:

  • Create an account on the ASIC Connect portal.
  • Complete the online application form.
  • Pay the registration fee (currently $37 for one year or $87 for three years).

If you need assistance with the registration process, our business name registration service at Taxopia can handle everything for you.

How Long Does It Take to Register a Business Name?

Once you’ve submitted your application to ASIC, registration is usually processed within 24 to 48 hours. You’ll receive a confirmation email once the name is successfully registered. Keep this document for your records.

Common Mistakes to Avoid

To avoid delays or complications during the registration process, steer clear of these common mistakes:

  • Choosing a name that’s already in use or too similar to an existing business.
  • Failing to register an ABN before attempting to register the business name.
  • Skipping the availability check on the ASIC website.

By taking the time to follow the steps above, you can avoid these pitfalls and ensure a smooth registration process.

FAQs About Business Name Registration

Q: Can I operate a business without registering a name?

If you’re operating as a sole trader and using your full legal name, you don’t need to register a business name. However, if you trade under a different name, registration is required.

Q: How long does my business name registration last?

You can register a business name for one or three years. Renewal reminders will be sent by ASIC before the registration expires.

Q: What if my business name registration is rejected?

If ASIC rejects your application, it’s usually due to the name being too similar to an existing name. You’ll need to select a new name and reapply.

 

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How To: Business Name Registration (A Step-by-Step Guide)

Starting a business in Australia begins with choosing the perfect name and registering it officially. Business name registration is a critical step in establishing your brand identity and operating legally. If you’re wondering how to get started, this comprehensive guide will walk you through the

Read More »

I Lost My ABN, Where Can I Find My ABN?

Misplacing your Australian Business Number (ABN) can be stressful, especially when you need it for tax or business-related activities. Your ABN is a unique identifier issued by the Australian Business Register (ABR) and managed by the Australian Taxation Office (ATO). Fortunately, there are several ways

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LIMITED-TIME OFFER – GET $100 OFF ON BASIC PACKAGE TODAY!*

You’ve chosen TAXOPIA LITE, a self-lodgment service. Please be aware that tax offices are starting to phase-out DIY paper lodgments and are encouraging the transition to digital.

Don’t be the last one to enjoy hassle-free digital lodgments. Upgrade to TAXOPIA BASIC PACKAGE today with a special limited-time $100 discount* and enjoy the benefits of having our accountants lodge for you.

As a bonus benefit for working with us, you get a lodgment deadline extension period to avoid penalties.

*The discount only applies to lodgments for one financial year. For clients requiring lodgment for multiple financial years, the discount applies only on the first year. all succeeding tax returns after that will be at regular price.

For the LITE Package: Please note that is a self lodgment service and does not include electronic lodgment by Taxopia. One of our qualified accountants will prepare your tax return, but it is your responsibility to print, sign & post to ATO to lodge.

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TAXOPIA LITE is a self-lodgement service. Please be aware that for majority of tax payers, the due date for self-lodged returns is 31st of October.

If you’re self-lodging overdue tax returns, it may put you at risk of incurring penalties from the ATO. We recommend you upgrade to TAXOPIA BASIC PACKAGE and enjoy the benefits of having our accountants lodge for you and get a lodgement deadline extension period to avoid penalties.

For the LITE Package: Please note that is a self lodgement service and does not include electronic lodgement by Taxopia. One of our qualified accountants will prepare your tax return, but it is your responsibility to print, sign & post to ATO to lodge.

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*Excludes public holidays, weekends and office closure dates.

A friendly reminder…

Please note that is a self lodgement service and does not include electronic lodgement by Taxopia. One of our qualified accountants will prepare your tax return, but it is your responsibility to print, sign & post to ATO to lodge.

If this option suits your needs, please click below to get started.

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You’ve chosen the Taxopia Lite Package…

Please note that is a self lodgement service and does not include electronic lodgement by Taxopia. One of our qualified accountants will prepare your tax return, but it is your responsibility to print, sign & post to ATO to lodge.

If this option suits your needs, please click below to get started.

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* Sole Trader Package pricing conditions, please take note the pricing excludes the following items; however, these services can be provided for an additional cost.

If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote.

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* Premium Package pricing conditions ($1300+ GST):

Please note that ALL our plans exclude the following:

If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote for any additional work.

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* Standard Package pricing conditions ($850+ GST):

Please note that ALL our plans exclude the following:

If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote for any additional work.

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* Basic Package pricing conditions: ($425+ GST):

If you do not qualify for this option, you will need to consider our Standard Package ($850+ GST).

Please note that ALL our plans exclude the following:

Please contact us for a customised quote if you require help on any of the excluded items.

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Company or Trust Tax Return for Accountants & Bookkeepers

* BASIC PLAN ($425+ GST) CONDITIONS:

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Please note that ALL our plans exclude the following:

If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote for any additional work.

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* Premium Package pricing conditions ($1300+ GST):

Please note that ALL our plans exclude the following:

If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote for any additional work.

Get started now!

* Standard Package pricing conditions ($850+ GST):

Please note that ALL our plans exclude the following:

If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote for any additional work.

Get started now!

* Basic Package pricing conditions: ($425+ GST):

If you do not qualify for this option, you will need to consider our Standard Package ($850+ GST).

Please note that ALL our plans exclude the following:

Please contact us for a customised quote if you require help on any of the excluded items.

Get started now!

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