Trading names vs business names

It can be quite confusing when dealing with a trading AND business name. This goes for small businesses themselves, and for accountants working with multiple clients.

The Australian Business Register (ABR) is working with Australian Securities & Investments Commission (ASIC) to retire trading names. 

From November 2018, you will be unable to find trading names under the ABN Lookup. Only registered business names will be listed, so ensure you register your trading name as a business name with ASIC. To continue trading under a specific name, you need to register it as a business name. After a business name is successfully registered it will appear on ASIC's business names register and the ABN Lookup. 

If you are a Geelong small business and would like some assistance with registering your business name, then please call your Geelong accountants, Next Level Accountants.