How to register a business with the government
You have a few official steps to walk through before you’re in business:
Register a business name
Unless you’re trading under your personal name, you’ll need to register a business name. You can do this through the Business Registration Service.
Get an Australian Business Number (ABN)
An ABN is a quick way to identify your business to the government and the tax office. You should put it on your invoices to ensure customers don’t withhold pay-as-you-go tax from the amount they pay you. You can apply for an ABN though the Business Registration Service.
Apply for licences and permits
You may need special authority for certain business activities, such as running a business from home or employing people. Some industries have very specific requirements. Find out what you need from the Australian Business Licence and Information Service.
How do I register a company?
If you’re setting up as a company, you’ll need to choose and register a name and get set up with the Australian Securities & Investments Commission (ASIC). You’ll need to submit documents explaining how your company will operate and identify who the decision makers will be. You can start the process through the Business Registration Service.
Should I trademark a business name?
You can legally protect a business name and logo to prevent others from mimicking your identity. This can be a valuable step for businesses that plan to invest a lot in making their brand widely known.
This area of the law can get complicated – especially if you expand into overseas markets and find there’s a business there with a similar name. Ask for advice from a legal professional with experience in this area.
At the very least, use trademark registries (and search engines) to check that no one already has your business name. It’s an easy way to save yourself a lot of hassle.
Chapter 10: Small business insurance
There are dozens of things that can go wrong when you start a business. Fortunately, there are also dozens of small business insurance policies.Read chapter 10