There are numerous legal and administrative formalities when starting a business, including registering a business name. Business name registration in Australia is overseen by the Australian Securities and Investments Commission (ASIC). Any person or organization intending to operate a business under a name other than their own personal name must get an ASIC Business Name Certificate. We will go over how to get an ASIC business name certificate in this article, along with some pertinent questions.
You must first determine whether the name you intend to register is available before applying for an ASIC Business Name Certificate. You can accomplish this by searching on the ASIC Connect website. If the name is available, you can then submit an online application for registration. In order to complete the application process, you must provide some basic information about your company, including your business address, contact information, and the type of business you operate.
Following the submission of your application, ASIC will review it for conformity with the rules and let you know the results. A three-year ASIC Business Name Certificate will be given to you if your application is approved. If you want to keep using the business name after the expiration date, you can renew your registration.
Is it Legal to Register a Business Name But Not Use It? You can indeed register a business name even if you never use it. You must still pay the registration price, which varies depending on how long your registration is for. It is crucial to remember that your business name will be deleted from the register and made accessible for use by others if you don’t renew your registration before it expires.
1. A fully filled-out application form 2. A consent document that all directors have signed
3. If relevant, a copy of your company’s charter
6. The registration cost must be paid
Finally, getting an ASIC Business Name Certificate is a simple process that entails determining whether your selected name is available, applying for registration, and waiting for ASIC to review your application. When you have your certificate in hand, you can use your company name with assurance knowing that it has been officially registered. It’s also crucial to remember that your business name will be deleted from the register and made accessible for use by others if you don’t renew your registration before it expires.