In Australia, registering a business name and a company involves the following steps:
Business name registration:
If you trade under a name that is different from your personal name, you need to register a business name with the Australian Securities and Investments Commission (ASIC). The registration is valid for one year and can be renewed annually.
To register a company in Australia, you need to complete an application and lodge it with ASIC. The company must have at least one director who is an Australian resident and a registered office in Australia.
ABN and TFN:
Once the company is registered, you need to apply for an Australian Business Number (ABN) and a Tax File Number (TFN) from the Australian Taxation Office (ATO).
Depending on your business structure and industry, there may be other requirements, such as registering for Goods and Services Tax (GST), obtaining licenses and permits, and registering for workers' compensation.
Thus It is recommended to seek the assistance of a professional or seek advice from government agencies for accurate and compliant registration of business names and companies. Please contact us below for assistance.