Tag: sell business name
Transfer Business Name – What to do as Buyer
Upon settlement, the Seller will provide you with an ASIC Transfer Number which will allow you to transfer the Business Name to your own ABN. You then log into your own ASIC Connect account (free to register), apply to register the business name, and enter both the ASIC Transfer Number and your ABN. ASIC checks that your details match what’s on record before processing anything. Helpfully, you can generally begin trading under the name asRead More
Transfer Business Name – What to do as Seller
The transfer runs through ASIC Connect – a free government service and it’s entirely digital now. You, as the current holder, log in and apply to cancel your existing registration while nominating a transfer. ASIC responds with a consent to Transfer Number. Provide this number to your buyer directly, ideally through your solicitor or business broker to keep a paper trail. Your buyer then registers, entering the transfer number alongside their own ABN. That ABNRead More