Business Registration
Register your business name
In Victoria, the names of all business are required to be registered with Consumer Affairs Victoria, except those that involve a single person trading under their own name, for example, Jane Citizen. If you add anything to your own name, though, you must register it, for example, Jane Citizen Services.
This is so that a public record can be kept of who owns what businesses. Some banks will require that a business name be registered before they will open any business accounts for you.
Business name registration costs $79.50, and then costs $56.80 each year to maintain. Consumer Affairs Victoria provides information about registering a business name, including:
- how to register a business name
- what restrictions exist
- what your responsibilities are
- how to update, renew or cancel a registration
- the fees and charges involved.
For more information, visit the Consumer Affairs website.
Register your business
As well as registering your business name, you should also register your business with the Australian Business Register.
Once registered, you will be given an Australian Business Number (ABN), which is a unique number that will identify you when you deal with the Australian Tax Office and other bodies.
Although getting an ABN is not compulsory unless you are going to register for the Goods and Services Tax, many banks, suppliers and customers will not deal with you unless you have one, because it makes their own tax requirements much harder to manage.
For more information, visit the Australian Business Register website.
Victoria
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Also See
Last updated: January 2009
State Government of Victoria