To own a business in Australia (1)

Isn’t it an exiting idea to have a business in Australia? Is it even better for getting a business registration only within 10 minutes?
I can assure you that everyone is able to do that without paying hundreds of bucks to an accountant.

If you want to have a business name registered in NSW, all you have to do is to fill an application form and lodge it with Office of Fair Trading. The fee is A$137 for three years. In the end of three years, you need to pay a renewal fee, currently is A$104.
You can register your business name with equivalent offices in other states of Australia. Fees and terms are varied in each state.

There is no assets requirement to get a business name registered. Restrictions do apply to some special industries, for example, a doctor needs to present his/her general practice certificate to open a surgery business, an accountant needs to have his/her membership card sighted by the registration officer to have a Chartered Accountant business, and most of the franchisees needs to get an approval letter from the franchiser before they can register the chain-store name. But surprisingly, some businesses don’t have to submit any documents to get their names registered – such as a brothel!
You can click this link to find out business registration information in all states of Australia.