What is Business Registration with ASIC? Business registration with ASIC refers to the process of formally registering a business name or entity with the Australian Securities and Investments Commission (ASIC). ASIC is the regulatory body responsible for overseeing and administering various financial and company laws in Australia. Business registration with ASIC is a necessary step for entrepreneurs and companies to establish and operate a business legally in Australia. This process helps maintain transparency and accountability in the business ecosystem, protecting both consumers and investors. Keywords: Business registration, ASIC, Australian Securities and Investments Commission, company laws, entrepreneurs, companies, transparency, accountability, consumers, investors. Types of Business Registration with ASIC: 1. Australian Business Number (ABN) Registration: An ABN is a unique 11-digit number issued by the Australian government to identify businesses operating in Australia. Registering for an ABN is essential for businesses to engage in various activities, including invoicing, claiming goods and service tax (GST), and participating in government contracts. 2. Business Name Registration: If a business operates under a name that is different from the individual or company's legal name, it must register that business name with ASIC. This registration aims to ensure that businesses do not mislead consumers by using deceptive names or engaging in fraudulent activities. 3. Australian Company Number (ACN) Registration: ACN registration is required for companies seeking to operate as legal entities in Australia. An ACN is a unique nine-digit number assigned to each registered company. It provides a way to identify and track a company's activities, ownership, and compliance with corporate laws. 4. Australian Registered Body Number (ARON) Registration: ARON registration is necessary for foreign companies looking to operate in Australia. This number distinguishes foreign entities from locally registered Australian companies, ensuring proper identification and accountability. 5. Australian Registered Scheme Number (ARSON) Registration: If a business operates as a managed investment scheme, it must apply for an ARSON. This number uniquely identifies the investment scheme and enables ASIC to monitor its compliance with relevant regulations. By completing the appropriate registration processes with ASIC, businesses can establish their legal presence, protect their rights, and comply with regulatory requirements. It is important to ensure accurate and up-to-date information during the registration process to avoid any legal issues or penalties in the future.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.