Showing posts with label business name. Show all posts
Showing posts with label business name. Show all posts

Tuesday, May 5, 2015

ASIC rejections due to an existing business name

Grant Stoddart, Customer Service Representative

As we approach one of the busiest times of year for company registrations at Cleardocs, I thought I would address a common query about ASIC rejections. Some of you might discover ASIC has rejected your company registration on the basis the name you want to register is identical to an existing business name.

It is ok for ASIC to register a company with a name identical to an already registered business name provided the business name holder is involved in the company and meets ASIC’s requirements in terms of the level of their involvement.

ASIC advises that in order to register a company using an existing business name,the following conditions must be met:

If the business name is held by a:
ASIC registration requirements for the company are:
 Sole trader

 The sole trader must be a director
 Partnership

 Each partner must be a director
 Trust
Each trustees of the trust must be a shareholder, and a copy of the trust deed emailed to ASIC

 Company

The company must be a shareholder in the new company


After you submit your application to ASIC, its system will flag the existence of the identical business name and ASIC will reject the application. All you need to do is call or email Cleardocs support and we will lodge the application manually for you, confirming with ASIC that the above conditions have been met. As this application will be manually reviewed by ASIC, it will take a bit longer to process, but in most instances the company will be registered on the same business day.

If the company has no connection to the existing business name, or does not agree to the ASIC requirements in the table above, then they will need to choose a different company name to register.

For further information about ASIC rejections or Cleardocs document packages, please call our helpline on 1300 307 343.


Wednesday, March 4, 2015

Welcoming Business Name Registration to the Cleardocs line-up

Cassandra Townsend, Manager, Precedent Lawyer



We’ve received a fantastic response to our first new document package for the year – Business Name Registration.

Customers tell us they are delighted to be able to stay on our website and take advantage of this additional step in the business set up process.

Also, as a Cleardocs first, the product incorporates the time-saving feature of pre-population of company name holder details from previous Cleardocs orders – making the document creation process faster and easier.

The following resources are now available on our site to assist you in the exciting step of starting a business:

1.     A real-time check against ASIC’s database of business name availability when you enter your proposed business name in the online question interface.

2.     If you’re stuck for business name, you may like to read our case study on the Cleardocs business name. It outlines the process that Cleardocs founder, Christopher Balmford, went through to choose a business name and relevant considerations.

3.     We’ve prepared a checklist of information you will require to complete your business name registration through Cleardocs.

4.     As you will need to specify the ABN of the business name holder in your order, we’ve provided an ABN & TFN checklist showing the questions you will be asked when applying for your ABN.


Friday, March 18, 2011

Registering a Business Name, Registering a Company Name, Reserving a Company name, and registering a Trade Mark: an explanation

Christopher Balmford, MD

At Cleardocs, we sometimes get calls from people who are confused about company names and business names. They wonder:

  • Aren’t they the same?
  • What are the differences etc.?

This blog aims to help.

Why do people register names?

People register names, generally, for these 3 purposes:

  • to set up a business, a trustee company, or another organisation — by registering a company, which involves choosing a name for the company;
  • so as to have a trading name to trade under — for example, as a person, a partnership, or an organisation. They do this by registering a business name; and
  • to protect intellectual property so other people can’t use the name. Usually, the best way to do this is by registering a trade mark. But registering a business name or a company name can help, see below.

Where do the various name registrations apply?

The names registrations apply as follows:

  • business names are registered, and regulated, on a state and territory specific basis through the relevant government department in each state or territory. You can see a list of each state or territory’s organisation and their website here. You can register the business name online through those websites;
  • company’s (and therefore their names) are registered Australia-wide through ASIC, that is the “Australian Securities & Investments Commission”; and
  • trade marks are registered Australia-wide through IP Australia.

What names can you register through Cleardocs?

You can use Cleardocs:

  • to register a company with the name of your choice, see here;
  • to reserve a company name with ASIC, see here; and
  • to register a trade mark to protect intellectual property in the name, see here.

How does a registered or reserved company name or registered business name limit other uses of the same name?

Business name registered If someone registers a name as a business name in any state, or territory, say South Australia, then:

  • nobody else can get an Australian company with that name in Australia; but
  • someone can register the same name as a business name in any other state or territory (apart from South Australia).

So the business name registration in one state or territory:

  • blocks the business name in that state or territory (but not in any other state or territory); and
  • blocks the company name registration throughout Australia (though the person who owns the business name can arrange to register a company with the same name — by the way, the Cleardocs interface specifically allows for this).

Company name registered If someone registers a company, then nobody else can register the same name as a business name in any other state or territory. That’s it — the company name registration blocks all business name registrations.

Company name reserved If someone reserves a company name, then nobody else can register the same name as a company name while the name is reserved. You can read about this on the ASIC site here. The information on ASIC's site doesn't say whether reserving a name as a company name prevents anyone registering the name as a business name. However, the customer service person at ASIC I spoke with said that it does. You can check that:

  • by calling ASIC on 1300 300 630, then pressing 1 and 1 again and speaking to the person there; or
  • by calling the government body that registers business names in your state or territory. Their websites are here.

How does registering a trade mark fit in?

If you register a trade mark, then that prevents anyone registering the same trade mark for the same classes of goods and services for which you registered your trade mark.

However, having a trade mark doesn’t stop anyone registering a business name or company name using your trade mark. But your trade mark registration does give you rights that you can protect (or try to protect) by suing a person who uses your trade mark in relation to the classes of goods and services for which you registered your trade mark.

As the explanation on IP Australia’s website puts it, a “. . . trade mark gives the registered owner exclusive use of the trade mark throughout Australia” for the relevant classes of goods and services. So you can use that exclusive right to stop someone from using your trade mark in their company name or business name. There’s useful information about trade marks on the IP Australia website here — IP Australia is the government body that registers trade marks.

You can read more about registering a trade mark through Cleardocs here. Our system help you to choose the classes for which you might consider registering your trade mark.

More information

You can use Cleardocs:

  • to register a company, see here;
  • to reserve a company name with ASIC, see here; and
  • to register a trade mark to protect intellectual property in the name, see here.

You can call Cleardocs on 1300 307 343.