Deciding on starting your own business is an exciting journey, but we know it can also be a very daunting experience. With the surplus of available information that is available online, the whole process can be extremely overwhelming.
The collective skills across administration, design, branding, web, photography and social sciences, Up Creatives Studios have the industry experience to guide you through the entire process to prevent you from making common mistakes many people make, to ensure your investment stretches further for you.
We have assisted clients with the trading names registration process right through to the branding strategy, logo development, office stationery, uniforms, domain name registration, hosting, website design, and creation of their social media persona.
Call us today to explore how Up Creatives Studios can streamline your entrepreneur possibilities.
Register Company
If you are you are planning to conduct your business under a company structure, you will need to check the availability of the company or partnership name. When you register a company, this will also act as your business name. You will not be required to register a business name if you intend on trading under the exact same name as your registered company name. While registering a company is not required by an individual who opt to trade as a sole trader, individuals often decide that a company structure offers them the safeguard of trading as a an entity separate from themselves. If there are multiple separate entities involved in conducting the business, then a company structure would be recommended to safeguard all parties involved.
Business Name
If you are planning on trading in business activities anywhere in Australia, The Australian government requires that you register a business name. The only exceptions to this is if you trade under your own legal first name and last name, or If you already own a company and or partnership of which you will be trading under the exact same name. In all other instances, you will be required to register a business name . For example if you with to add any other additional word to your name, such as ‘Jane Doe & Company’ then you will be required to to register this as a business name in order to operate in Australia as a business .
Trademark
Before you register any business name, it is important that you check for any registered trademark against the name you wish to trade. This process can save you a lot of time and money investing into a name that may already have protection in place. Infringing on trademarks already registered in Australia prevents you from lawfully trading even when you are able to able to obtain a name. Prevent the risk of lengthy and expensive legal battles that you best rather avoid.
Domain Name
A domain name is the web address. To avoid the disappointment of discovering that the web address you had your heart set on is unavailable, it is important that before you register a business name, that you check the domain that you wish to be associated to your business name is available. While ‘.au’ domains are regulated in Australia and is only available to registered to Australian business names owners. The regulation only stipulates that the domain name be derived from their registered business name. This regulation only applies to domain names with the ‘. au ‘ extension. international extensions such as ‘.com’ is unregulated.
Australian Business Number & Tax File Number
An Australian Business Number, often abbreviated as ABN is required for conducting business activities in Australia. You will need to register for an ABN before your can commence trading. If you opt to register a Company, you will be able to request for an ABN and TFN (Tax file number) during the application process If you are planning to trade as a sole trader you will need to register or reactivate your Australian business number. If you have previously registered for an ABN, this number is assigned and identifies you for life. The TFN for a sole trader will be the same as your personal tax file number.