Keeping Your ABN When Changing Business Name
Informing Australian Business Register (ABR) and Registering with ASIC
- You can keep your ABN when you change your business name.
- Inform the ABR within 28 days.
- Register the new name with ASIC.
- Log into ASIC Connect.
- Click ‘business name’.
- Enter your ABN.
- Comply with ASIC guidelines.
Importance of ABN in Australia
- It is important to keep your customers informed of the name change.
- Follow simple steps to update your name.
- Although changing names seems difficult, do so to keep up with market trends and demands.
- Start using the new one.
Process for Changing Business Name and Keeping ABN
You can change your business name and keep your ABN as long as you inform the Australian Business Register within 28 days of making the change. Your old business name will still be visible on your ABN record, shown as a previous name for historical preservation.
You must register a new business name under your existing ABN by complying with ASIC guidelines and avoiding identical or restricted names. Informing the ATO is essential to avoid tax confusion, and ASIC typically takes 28 days to update the register with the new name.