Looking to register a business name for your new N.S.W-based business? Information Brokers is here to help.
Registering a business name in New South Wales (NSW) is essential for anyone starting a business in the state. It is a legal requirement to register with the Australian Securities and Investments Commission (ASIC) before beginning operations. Not registering can lead to significant penalties.
Why Registering a Business Name is Important
Registering a business name is a crucial step for any entrepreneur or company
operating in New South Wales. It helps distinguish your business from others
and provides legal protection.
Steps to Register Your Business Name
To make sure your business name is registered correctly, it's important to follow the appropriate steps and guidelines. Here’s a step-by-step guide to registering a business name in New South Wales:
Before registration, choose a unique business name that isn’t already in use. Your name should reflect your business and be easy to remember and spell.
Once you have a name, check if it’s available using the Business Name Availability Search tool on the Information Brokers website. This tool will confirm if the name is already registered or if you can move forward with it.
If the name is available, register it through the Information Brokers Business Name Registration portal. You’ll need to provide your business structure, ABN, and contact details, along with a registration fee. Registration costs are $39 for one year or $92 for three years.
To keep your business name active, renew it periodically through the ASIC Connect portal. Business names in NSW can be registered for either one or three years.
Tips for a Smooth Registration Process:
Choosing Information Brokers for your business name registration offers
several advantages:
1. Choosing: Choose a unique, memorable business name that reflects your brand.
2. Trademarking: Consider trademarking your business name to protect it from infringement.
3. Registering: Register as soon as possible to prevent someone else from claiming it.
4. Updating: Keep registration details up to date, including your business address and contact info.
In summary, registering a business name in New South Wales is crucial for starting a business. By choosing a relevant, unique name, verifying availability, registering online, and renewing your registration, you’ll be on your way to a successful business venture in NSW.