How Do I Go About “Reserving” a Company Name If I Am Not Quite Ready to Register My New Company Yet?

ASIC allows you to reserve a company name for an initial period of two months. You can do so by completing an ASIC Form 410. Then when it comes time for you to register your company with onlinecompanyregistration.com.au, all you need to do is quote the Reservation Number that has been given to you by ASIC.

The fee for reserving a company name is $44 and you can lodge your reservation at an ASIC business center, by post or online.

If you want to extend the initial two-month reservation, you may do so, but you will need to lodge the extension prior to the expiry of the initial reservation period. You’ll need to lodge another Form 410 for a subsequent period of two-months, and pay another $44 lodgement fee. After your first extension, ASIC requires a letter outlining why you need to reserve the company name for longer than a four-month period.

You will need to following information to complete a Form 410 for the initial two-month company name reservation:

1. The company name you wish to reserve
2. The type and class of company it will be used for
3. Your name and address
4. The purpose for which you wish to reserve the company name

If you want an extension, you will need to include the initial Reservation Number when you fill out the subsequent Form 410 and you will need to provide a reason for the extension. For example, you may be waiting for the initial meeting of directors to approve the company name.