Renew Your Business Name Registration Effortlessly Online
As the owner of a business, you probably know that at some point in the past you had to register your company name with ASIC (Australian Securities and Investments Commission). All companies in Australia need to hold a valid business name registration by law, and every so often you need to renew that registration to keep it current.
If you fail to renew your name, then a few things might happen. First, ASIC might start to cancel the business name. If this happens, you would have to stop using that name for your business, which is a situation that could become very costly. Second, if ASIC cancels the name, then theoretically it would be available for any other company to register. If you have any competitors that would love to get their hands on your business name, this would be the ideal time for them to strike. Don’t give them a chance, and make sure you renew your name quickly.
Fortunately, losing a business name isn’t very likely, because ASIC will usually contact you well in advance of the renew date with a reminder. If you receive a reminder letter, it’s best to act right away. Don’t put it off until the last minute, as you may forget, or some other task may force you to forget.
Also, even if you do forget and ASIC cancel the name, there’s no need to panic right away. No one can ‘steal’ the name for six months after the cancellation date. During that time, you can renew the name by asking ASIC to restore it.
How to Renew Your Business Name Registration
There are a few ways to renew a business name registration, but the quickest and most effortless way is to do it online with a website such as Top Business Name. From the comfort of your home or office, this site gives you an instant connection to the ASIC database using an easy-to-use website experience. Just click on the link at the top of the page entitled ‘Renewal’, and you’ll see a page where you can pay for your renewal instantly.
If you’re renewing before the date of expiry, then you won’t lose any of your existing validity periods. In fact, we encourage you to sort out your business name renewal ahead of time, so there’s no chance of forgetting.
How Long Does It Take, and is the Website Secure?
From the moment of asking yourself “how to renew my business name”, to the moment when the transaction is completed can be as little as just a few minutes. Top Business Name has a direct connection to the ASIC database, so as soon as your payment goes through, your name is secure for another year or three years (depending on which option you choose.)
The Top Business Name website is extremely safe and is designed to handle business name queries and transactions. Just check your browser next to the address bar, and you will see a green padlock which confirms that all security features are in place.
If you have any questions or queries about how to renew your business name, please contact us, and we’ll be happy to lend a helping hand.