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Registering your new business.

Thank you to our accounting software partner Xero for this great content.

There is a bit of paperwork and people who need to know about your new business. Here are a few fundamentals you need to know.

How to register a business with the government.

There are a few government departments that need to know about your business:

  • Register a business name: Unless you’re trading under your personal name, you’ll need to register a business name. You can do this through the Business Registration Service
  • Get an Australian Business Number (ABN): An ABN is a quick way to identify your business to the government and the tax office. Put it on your invoices to ensure customers don’t withhold pay-as-you-go tax from the amount they pay you. You can apply for an ABN through the Business Registration Service. Find out more about what an ABN is and how to get one.
  • Apply for licences and permits: You may need special authority for certain business activities, such as running a business from home or employing people. Some industries have very specific requirements. Find out what you need from the Australian Business Licence and Information Service.
How do I register a company?

If you’re setting up as a company, you’ll need to choose and register a name and get set up with the Australian Securities & Investments Commission (ASIC). You’ll need to submit documents explaining how your company will operate and identify who the decision-makers will be. You can start the process through the Business Registration Service.

Do I need to tell any other regulators?

There may be some more to do if you’re entering a regulated industry. A caterer, for example, needs to be registered and have a food control plan – and possibly a liquor license. Speak to friends in the industry, or your industry representative body to find out if there are special requirements.

Should I trademark a business name?

You can legally protect a business name and logo to prevent others from mimicking your identity. This can be a valuable step for businesses that plan to invest a lot in making their brand widely known.

This area of the law can get complicated – especially if you expand into overseas markets and find there’s a business there with a similar name. Ask for advice from a legal professional with experience in this area.

At the very least, use trademark registries (and search engines) to check that no one already has your business name. It’s an easy way to save yourself a lot of hassle.

Make sure your business is protected.

Ensuring you have documentation such as Terms and Conditions of Trade in place is really important for a new business.

They will help you mitigate risk, and ensure you have a robust onboarding system in place to protect your cash flow.

We can tailor your contracts to your operation with our end-to-end solution.

Disclaimer:  EC Credit Control does not provide accounting, tax, business or legal advice. This guide has been provided for information purposes only. You should consult your own professional advisors for advice directly relating to your business or before taking action in relation to any of the content provided.

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See what our clients are saying:

UNIVERSAL DIGGERS STAFF GMAIL
UNIVERSAL DIGGERS STAFF GMAIL
6. November, 2023.
Ec credit control works for us. Quality paperwork that gets results. Friendly staff available when you need them.
Sharon Gaynor
Sharon Gaynor
1. November, 2023.
Very helpful and understanding.
Janice Landon
Janice Landon
12. October, 2023.
Terry and the team have looked after us for approx 15 years now and keep our Terms Of Trade updated with new legislations, a must for every business. Janice Burleigh Powder Coating
Lauren Emery
Lauren Emery
20. September, 2023.
I highly recommend EC Credit Control for any business. We have been in the building industry for 20 plus years and have had great success with collecting money through ECCC. We have used them for over a decade now and will continue to use them. Yes it's another outlay but they will save you in the end, they saved us. Use them as a tool for your business and don't wait, get onto any bad debts sooner rather than later. The key is to get your customers to sign your credit apps before you start or continue working for them. The staff at ECCC are very helpful and professional and always reply back promptly. Thank you EC Credit Control
Snap Bondi Junction
Snap Bondi Junction
18. September, 2023.
Hi Keron, would just like to say that we have appreciated your great service over the years, you have effective systems in place and your team has looked after everything for us on those occasions we need your service. Highly recommend.
John Peros
John Peros
15. September, 2023.
What a great company!!! Couldn't be happier with EC Credit controls service and protection of my company. Highly recommend them for your business
All Gen Solutions Pty Ltd
All Gen Solutions Pty Ltd
14. September, 2023.
EC Credit have been a pleasure to deal with and extremally professional whilst we changed over to our new trading name. I would recommend their services to any businesses wanting to set up & or alter their documentation for trading accounts. Wendy & Neil in particular were very understanding and supportive in assisting me with the finer details and answering any questions I had.
Omer Mustafa
Omer Mustafa
13. September, 2023.
Neil and the team at EC Credit Control do a wonderful job. They've been a part of our team for the past 4 years and we've had nothing but success with them in recovering monies owed to us.
William James Rhodes
William James Rhodes
8. September, 2023.
My business has been using EC Credit Control for years, they are very professional and have been excellent at recovering our debts.
Google rating score: 4.2 of 5, based on 110 reviews

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