Question
How can I register a Business Name on NowInfinity?
Answer
To register a Business Name on NowInfinity, select Menu > Documents > Create Documents > Company Formations > Business Name Registration
Note: NowInfinity provides the capability to register and renew Business Names. You can also use a transfer key to register a Business Name from the previous Business Name holder - however, the transfer key would need to be sourced by the Business Name holder directly via ASIC.
- Complete the tab Business Name:
- ABN: To apply for a Business Name, you will generally need to have an ABN. According to ASIC's website, multiple Business Names may be held by the same entity under the one ABN.
- Term:
- The Business Name can be registered for 1 or 3 years.
- Refer ASIC's page Business name fees and payment options for information on the associated ASIC fees.
- Transfer Key (If registering an already existing Business Name): This is provided by the original Business Name holder and is 13 characters long e.g. 1-12121212121
- Complete the tab Addresses
- Email address: ASIC will issue the invoice and all communication regarding the Business Name Registration to this e-mail.
- Complete tabs Confirmation and Ready to Message ASIC
What happens after lodging a Business Name Registration via NowInfinity?
Once successfully lodged, the Business Name Registration status as per ASIC will be pending until the invoice is paid (which must be paid within 10 business days) and ASIC confirms that the Business Name is registered.
NowInfinity cannot confirm whether a Business Name Registration is completed or not.
Who can hold the Business Name?
An individual, corporate, joint venture, Trust and partnership can hold the Business Name. You will need to provide the owner's name and ABN.
All proposed entities must provide address details and an email address.
To read more on the purpose of providing ASIC with these details see ASIC's website: Update your business name address details.
Payment methods for Registration
Once the Business Name Registration form is lodged, ASIC will send an invoice to the email address provided in the form which will need to be paid within 10 business days. The email will also include confirmation of the application, and instructions on how to pay the registration. The Business Name record of registration and any renewal notices will also be sent to this email address.
Business Name Renewal
Renewal notices will be sent to the email address provided on the original Business Name Registration form. The Business Name can be renewed for 1 year or 3 years.
The Business Name must be renewed before the renewal due date.
Further information
Why do the Business Name Registration documents have the status “Waiting for ASIC response”?
Registering a Business Name using the name of an existing Company
How to register a Company with an existing Business Name