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Register business name qld sole trader. If you re a sole trader you can access support such as lifting the threshold for instant asset write offs accelerating depreciation deductions and accelerated income support. After this period it must be renewed. You can apply for a business name and other key business registrations through the business registration service. An australian business number abn or ready to apply for one. Important considerations for choosing a sole trader business name.
If you plan to operate as a sole trader partnership or trust and not as a company you will need to register your business name with the business registration service or australian securities and investments commission asic. The australian government business registration service. Step 5 select the registration period. Identified your business structure. Before you register make sure you have.
Applications can take 7 or more months to process and application costs vary depending on the type of trademark registration you need. You can register a business for one year or three years. See registering a business name for information on how to register. Naming your sole trader business should be a really fun part of setting yourself up for business success. Phone asic on 1300 300 630 for more information.
You will receive a record of registration when you register or change a business name or when an owner s name changes. Use our coronavirus covid 19 business assistance finder to learn what support you may be eligible for. Enter the proposed business name exactly as you would like it to appear on our register. It s an offence to carry on business under an unregistered business name unless you trade under your own name such as mary jones. Trademark registration is managed by ip australia.
You need an australian business number abn to register a business name. You also need to notify asic if you change certain details on an existing business name registration. To find out about the differences between a sole trader and a company visit business gov au. Learn how to register a company. You get the chance to be creative and really create a stamp of identity.
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