Steps to register your business
So you’ve done your feasibility studies, market research and business planning. Now it’s time to make your dream into reality. Here are some ‘must-do’s’ that comply with Australian laws.
Register your business name
To register your business name there are a few steps to take:
You will need an Australian Business Number (ABN).
As a general rule, you will need a business name if you trade under a name other than your own. Make sure your chosen name is available.
Register for your ABN and business name at the same time on the Business Registration Service (BRS)
To guarantee exclusive use of your business name you may also want to register it as a trade mark.
Register a name for your website (domain name)
It’s a good idea to choose a name that represents your business or brand and is easy to remember, spell and pronounce.
Check if your preferred domain name is available here. Then choose one of the auDA accredited Registrars to register the name.
Organise registrations and licences for your business
Search the Australian Business Licence and Information Service (ABLIS) to find out what registrations, licences, approvals, codes of practice and standards from legislation apply to your business.
Every council has different regulations. Contact your local council to discuss planning laws, zoning requirements and other issues such as home business requirements.
Organise taxes for your business
Do you need to register for GST? Does your business require a Tax File Number (TFN)? For an overview of all taxes that may apply go to the business.gov.au tax summary page.
Insurance is essential. Consult a broker.
Still have questions or would like to chat further? Make an appointment with our business advisors.