When considering the use of a business name held by a joint venture for a company name, it's important to understand the regulatory requirements and legal implications.
In Australia, the process of registering a business name if the holder is a joint venture involves specific steps and compliance with the Australian Securities & Investments Commission (ASIC). Each partner in the joint venture must have an Australian Business Number (ABN) or an ABN application reference number to apply for a business name.
Additionally, it's crucial to ensure that the chosen name does not include any legally prohibited terms and is available for use. While a joint venture is not required to use a new and unique name, and many joint ventures simply use the names of the parties involved, the name must comply with the agreement between the parties.
If you're considering using a joint venture business name for a company, it may be advisable to consult with legal counsel or contact customer service teams that specialise in business registrations to ensure that your application is handled correctly and in accordance with all relevant laws and regulations.
For more detailed guidance and to ensure compliance with all legal requirements, it may be beneficial to consult with Namecorp’s Support and Compliance Team either by phone on 1300 006 263 or via email at support@namecorp.com.au, they’re always there to help you through every aspect of your business journey.