We have written about the difference between business names and trade marks on our associated blog. Business names are separate from trade marks and you must register a business name if you are trading under a different name from you or your company’s name.
The Australian Federal Government has taken concrete steps towards reforming the way that business names are managed in Australia and has passed the Business Names Registration Act 2011 in November 2011. The Act establishes a National Business Names Register which will be administered by the Australian Securities and Investment Commission, and will streamline and consolidate the various business name registration schemes in each state and territory.
The objectives of the reforms are to:
- Allow for online applications and registrations for business names and ABNs
- Provide an online database to allow ease of access and searching
- Streamline and consolidate the various schemes into one scheme
- Reduce costs
- Avoid confusion over similar names
- Determine if names are unsuitable or undesirable
The National Business Names Register is now live and can be found at ASIC’s website.
Why choose Phang Legal for your business?
There are many lawyers and law firms to choose from, but it can be challenging to make the right choice. At Phang Legal we are dedicated to serving other business in the best way possible – after all, we know what it is to run business and to be a consumer of professional services ourselves. We appreciate the value of professional advisers who can provide the right service at the right price and we aim to be what we expect most. We deliver nothing less and we think you should expect nothing less.
With our offices conveniently located in Parramatta, the geographic centre of the Sydney metropolitan area, our lawyers assist businesses from across all suburbs of Sydney and beyond.
Associate Solicitor – Sydney