Can You Register Two Enterprise Names Below One ABN? (2023 Replace)

Many enterprise house owners run multiple enterprise. Equally, it’s additionally widespread to run one enterprise with completely different branches or choices. If that is so, making use of for a number of Australian Enterprise Numbers (ABNs) and enterprise names will be arduous and dear. Nevertheless, this isn’t at all times vital. You may register two enterprise names below one ABN, so long as each companies are in the identical construction. On this article, we’ll clarify whether or not you’ll be able to register two enterprise names below your ABN and the processes concerned.

Table of Contents

What’s an Australian Enterprise Quantity (ABN)?

ABN stands for Australian Enterprise Quantity. This quantity is a novel quantity that’s allotted to each legally registered enterprise in Australia.

Sole merchants, partnerships, and corporations all have ABNs. Additional, there are a lot of enterprise actions you want an ABN to conduct, together with issuing B2B invoices, registering for GST, and beginning a .com.au web site. You may apply for an ABN simply on-line by filling in your private particulars. Your ABN will probably be straight linked to your authorized identify in case you are a sole dealer or partnership and you may be taxed in your private earnings. Your ABN can even hyperlink to your organization identify and quantity if you happen to register an organization, and company tax charges will apply.

As soon as your utility is processed, your ABN will be searched below the ABN Lookup. Consequently, sure particulars are publicly accessible similar to your online business construction, identify, and the situation of your online business.

A number of Companies

It’s doable to have two or extra companies registered below the identical ABN. Nevertheless, you need to ensure they’ve the identical enterprise construction. If the enterprise is a unique construction then you will want to use for a brand new ABN.

Instance

Aaron and Thomas are pondering of beginning a non-public firm. They plan to name it Neon Techniques. They are going to be growing and repairing high-tech digital items. Aaron already has an ABN and has a sole dealer enterprise the place he operates as a advisor. Nevertheless, Aaron and Thomas might want to apply for a separate ACN to run Neon Techniques as an organization. They will register further enterprise names in the event that they wish to commerce below completely different names.

Instance

Claire owns a restaurant referred to as ‘Fashionable Eating’. She is presently registered as a sole dealer and has an ABN with that enterprise identify registered below her ABN. She plans on opening a brand new restaurant in a neighboring suburb so she will be able to increase. Her new enterprise can even be a sole dealer construction run by her. She has determined to name it ‘Traditional Eating’. This new identify and enterprise can all be registered below the identical ABN. She also can use the identical TFN as a sole dealer as she makes use of personally. If she decides to include her eating places, she will be able to additionally use a number of enterprise names by registering them below her firm identify.

Registering Two Enterprise Names

Assuming then that there’s the identical enterprise construction for the a number of companies below one ABN, then it’s doable to have a number of names registered as properly. Enterprise identify registration is maintained by means of ASIC. You need to distinguish whether or not your online business identify is a registered enterprise identify or whether it is simply your authorized identify.

Instance

Tracey Shen desires to open a bookstore that additionally serves as a restaurant below an ABN. Tracey has determined that she’s going to name her enterprise ‘Tracey’s Cafe & Books’. On this case, Tracey nonetheless wants a registered enterprise identify. Her official identify below her ABN will probably be Tracey Shen.

Instance

Francis Smith is opening a restaurant and bookstore and he decides to name it Francis Smith. Francis won’t should register a enterprise identify as he’s buying and selling below his authorized identify. If Francis opens his enterprise as a partnership together with his good friend, Jane Lou, their authorized identify will probably be Smith, F. & Lou, J. They might want to register a enterprise identify in the event that they want to commerce below every other identify.

Conclusion

All of it will depend on what sort of enterprise you want to begin. If it is going to be the identical construction then you should utilize the identical ABN. Nevertheless, in case your companies will probably be working below completely different buildings, then a brand new ABN will probably be required.