ASIC Name Change Fee: Expert Legal Advice & Assistance

Top 10 Legal Questions About Changing Company Name ASIC Fee

Question Answer
1. What is the process for changing a company name and what ASIC fees are involved? The process for changing a company name involves submitting a Form 205 to ASIC, along with the required fee. The ASIC fee for changing a company name is $403.
2. Are specific requirements company name changing ASIC? When changing a company name with ASIC, the new name must comply with the naming rules set out in the Corporations Act 2001. This includes ensuring that the name is not already in use and does not contain restricted words.
3. Can request expedited changing company name ASIC? Yes, ASIC offers expedited processing for changing a company name for an additional fee. The expedited processing fee is $1,003.
4. What happens if my company name change application is rejected by ASIC? If ASIC rejects the company name change application, the application fee is not refunded. It is important to ensure that the new name complies with ASIC requirements before submitting the application.
5. Can change company name re-register company ASIC? Yes, ASIC allows for the simultaneous change of company name and re-registration. However, process involves forms fees, important understand requirements proceeding.
6. How long does it take for ASIC to process a company name change application? The processing time for a company name change application with ASIC is typically around 28 days. Expedited processing can reduce this time to as little as 1-2 business days.
7. Are there any additional fees or charges for changing a company name with ASIC? In addition to the application fee, there may be other charges associated with changing a company name, such as legal or professional fees for preparing the necessary documentation.
8. Can I change my company`s name without notifying ASIC? No, changing a company name without notifying ASIC is not permitted. It is a legal requirement to inform ASIC of any changes to company details, including the name.
9. What implications changing company name ASIC contracts agreements? Changing a company name with ASIC may require updating existing contracts and agreements to reflect the new name. It is important to consider the legal implications and ensure all necessary parties are informed of the change.
10. Can I change my company name with ASIC if the new name is similar to an existing company? ASIC will assess applications to change company names and may reject them if the new name is too similar to an existing company. It is important to conduct a thorough search and ensure the new name is distinct to avoid rejection.

Changing Company Name ASIC Fee: What You Need to Know

Are you considering changing your company name? It`s an exciting time for any business, but it`s important to be aware of the fees involved in the process. The Australian Securities and Investments Commission (ASIC) charges a fee for changing your company name, and it`s crucial to understand what to expect.

Understanding the ASIC Fee

The ASIC fee changing company name $407. This fee is applicable for standard applications and can be paid online through the ASIC Connect portal. It`s important to note that additional fees may apply if you choose to use a registered agent to help with the name change process.

Case Study: XYZ Pty Ltd

Let`s take a look at a real-life example of a company that recently changed its name. XYZ Pty Ltd, a small business based in Sydney, decided to rebrand and change its name to ABC Pty Ltd. The company was aware of the ASIC fee and budgeted for it as part of the overall rebranding expenses.

Expense Cost
ASIC Name Change Fee $407
Legal Assistance $500
New Marketing Materials $1000

By understanding and preparing for the ASIC fee, XYZ Pty Ltd was able to navigate the name change process smoothly and without any unexpected financial burdens.

Exploring Your Options

When considering a company name change, it`s important to weigh the costs and benefits. While the ASIC fee is a necessary expense, it`s also an investment in the future of your business. A new name can help reposition your brand, attract new customers, and revitalize your company`s image.

It`s also worth exploring whether you are eligible for any exemptions or discounts on the ASIC fee. For example, companies experiencing financial hardship may be able to apply for a reduced fee through ASIC`s hardship provisions.

Final Thoughts

Changing your company name can be a transformative and empowering experience. By Understanding the ASIC Fee preparing financial implications, embark journey confidence excitement.

Change Company Name ASIC Fee Contract

This contract (“Contract”) entered date parties signatories herein.

Party A [Legal Name Party A]
Party B [Legal Name Party B]

WHEREAS, Party A is a company duly organized and existing under the laws of [Jurisdiction], and Party B is also a company duly organized and existing under the laws of [Jurisdiction];

WHEREAS, Party A desires to change its company name and is obligated to pay ASIC fees for such change;

NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

  1. Change Company Name: Party A shall initiate process changing company name accordance laws regulations [Jurisdiction].
  2. ASIC Fee: Party A shall solely responsible paying fees expenses associated change company name, including limited ASIC fee.
  3. Indemnification: Party A shall indemnify hold harmless Party B claims, liabilities, damages, expenses arising related change company name.
  4. Governing Law: This Contract shall governed construed accordance laws [Jurisdiction].
  5. Entire Agreement: This Contract contains entire agreement parties respect subject matter hereof supersedes prior contemporaneous agreements understandings, written oral.

IN WITNESS WHEREOF, the parties hereto have executed this Contract as of the date first above written.

Executed by:

Party A: [Signature]
Party B: [Signature]
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