Understanding the nuances of registering for an Australian Business Number (ABN) and managing multiple business names can be a complex and time-consuming process. However, the good news is that it's possible to register several business names under a single ABN. This post will guide you through the scenarios where this is feasible and what steps to take if your situation doesn't allow for it.
Registering Multiple Business Names Under One ABN: When is it Possible?
There are two primary circumstances where you can use one ABN to register multiple business names:
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Holding Companies: If all your businesses are structured identically, you can register various business names under one ABN. This arrangement typically involves a holding or parent company overseeing multiple subsidiaries. The key is that all these entities must share the same business structure and report to the holding company, which manages funding and asset protection for its subsidiaries.
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Doing Business As (DBAs): Alternatively, you can opt for a "Doing Business As" (DBA) arrangement. This allows your business to operate under a different name while remaining legally the same entity. The catch is that the services provided under the alternate business name should align with those offered by the original business.
Different Business Structures: Need for a New ABN
If your new business or business name functions under a different structure than your existing ABN, you'll need to apply for a new ABN to register this new entity.
