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Browse our 1 legal article about Business Registration in Australia written by expert lawyers.
Business registration in Australia is an essential process for anyone looking to start a business. It ensures that your business is legally recognized and allowed to operate. The procedure typically involves registering your business name, obtaining an Australian Business Number (ABN), and understanding your tax obligations. Different structures such as sole trader, partnership, company, or trust are available, each with its distinct legal and tax implications. The Australian Securities and Investments Commission (ASIC) plays a significant role in company oversight, while the Australian Business Register (ABR) manages ABN allocations.
There are several instances where legal assistance may be necessary during business registration in Australia:
Several key legal frameworks influence business registration in Australia:
An ABN (Australian Business Number) is a unique identifier for your business issued by the ATO. It is used for various business activities, such as ordering goods and services and issuing invoices.
Business names can be registered through ASIC's online portal. You must ensure the name is available and doesn't infringe on existing trademarks.
Operating an unregistered business is illegal in Australia. Registration is necessary to be recognized as a business and for legal and tax reasons.
A sole trader is a business owned by one person, while a company is a separate legal entity that offers limited liability protection to its owners.
Sole traders can use their personal TFN, but partnerships, companies, and trusts need their own TFNs.
Use ASIC's business name availability search tool to check if your desired name is available.
Fees vary depending on the type of registration. ASIC charges a fee for business names and company registration.
Yes, online registration for business names and companies is available on the ASIC website.
These may include annual reviews, compliance with local regulations, and lodging company returns with ASIC.
Consider registering your business name as a trademark to protect it legally from use by others in your industry.
Consider exploring the following resources and organizations for more information on business registration:
If you need legal assistance with business registration in Australia, consider the following steps:
Embarking on business registration can be complex, but with the right legal assistance, you can navigate the process confidently and effectively.
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Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation.
We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.
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