Registering a Company – Steps to Register Your Company -

There are countless benefits of registering a company, and the most prominent benefit is 100% foreign ownership. And if you are living in Australia and want to register your company there, then there are a few things that should be done first.

Register your business:

The first and foremost thing to do is to receive an ACN. ACN stands for Australian Company Number, which is necessary to receive before you get an ABN. ABN stands for Australian Business Name, which is an essential thing when you need to establish your business structure.

Now you are also allowed to register your business and company online through Business Registration Service. It is basically a one-stop-shop where you can receive your ACN, ABN, and even you can confirm your company name.

In addition to these services, these services also allow you to process your tax registration applications. So with these services, you can take advantage of a discretionary trust set up for a responsible financial future.

registering a company

Steps to register your business name:

First of all, you have to log in to ASIC Connect, which is an integrated corporate, financial services as well as consumer credit regulator. You have to register your business name with ASIC. Open their site online, tap on the top of the page where ‘Licenses and Registrations’ are mentioned.
Enter your ABN in this section. But make sure before entering it, you must have your Australian Company Number, or you must have applied for the number to register your business name. And while you are entering this number, make sure not to leave spaces between numbers.
After this, you should add your proposed company name. Write the name exactly as you want it to appear on the register. Always remember that the company names are case sensitive.
Now the next step is to register the time for how long you want to reserve a name for your company. For example, you have entered a three years duration. After this period, you have to renew it.
Enter your details if you are the owner of the company. Enter the exact date of birth, business address, and then confirm the eligibility to hold the business name.
In the end, review your application and ensure you have entered everything correctly.

In this way, you will be able to submit your application, and if you are eligible, you will be registering a company.