Planning To Own A Business In Australia? Register It Online!

Aussie business plan how to register online Australian businesses

There are at least a thousand things that come to mind upon hearing the word Australia. Aside from the fact that Australia is the largest continent in the world, how could one miss the world- renowned Sydney Opera House, where the grandest and most fantastic shows are performed? 

There's also the Great Barrier Reef, which is so vast that it even has its own P.O. Box. The country is also famous for Bondi Beach, which is one of the most crowded beaches in the world. 

Of course, there is more to Australia than its remarkable tourist attractions. Did you know that the country ranks as one of the wealthiest nations globally with unemployment rates less than 6%? This is likely due to the thousands of jobs offered within the country. Moreover, to register a business in Australia is no hassle at all, which provides a better opportunity for local employment and success. 

The Australian Industry 

Businesses in Australia revolve mainly around the service sector, which includes telecommunications, tourism, healthcare or hospitality industries, financial services, etc. Still, they are also big on mining, exporting, and trading. These businesses are what make up most of Australia's economic opulence. Without them, millions of people will lose their jobs. 

Putting up a business is absolutely tasking, especially for first-timers. What with all the planning, financial dilemmas, and marketing strategies, becoming a successful business owner can be stressful. The good thing is that anyone can easily register a business in Australia without going through a lot of trouble. 

In most countries, registering a business means going to the local city hall, filling out papers for permits, waiting for approval and then paying the necessary fees before the "open for business" sign can be put up. In Australia, this process can be done online. Several websites are qualified to provide such services, making it easy for business owners to get an Australian Business Number. 

How To Register A Business Online? 

Registering a business online can be accomplished in three easy steps within 10 minutes or less. The first step is to select a company name; this step is essential because the company name has to be unique and suited to the company's products, services and of course, vision. The second step is to fill out and complete an online application form that will be presented to the local department known as the Australian Securities and Investments Commission or ASIC. The information needed when filling out the application form are full names, residential addresses, birthdates and place of birth of the directors and secretaries of the company. It is also necessary to include the names of shareholders, their addresses and number of shares. 

The form also needs to have the registered office address, along with the principal place of business. Then, wait for the application form to get approved. Finally, the last thing to do is to sign the documents sent through email. An email confirmation will then be received by the business owner as soon as the company is officially registered and voila, it is ready for business! 

With the power of technology, almost everything you need to set up a business in Australia can be accomplished online with no fuss and no muss. How awesome is that?

Michael James Schiemer is a frugal entrepreneur and expert in building small businesses in Australia, US, UK, and Canada.

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