The new PPSR was established on the 30 January 2012 and replaces previous State & Government registers. The PPSR is a national online register of security interests held in personal property. This important reform can have an impact on any business or individual who supplies goods on conditional sale or lease, or who plans to purchase valuable personal property.
When setting up a new business, it is important to get the right advice on the type of structure for you business. It is also very important to research your market, competitors and prepare a Business Plan. Many small businesses are set up without much consideration of the trading name they choose to register.
Recently we sent an information pack to our clients about the changes to the regulation and responsibility for business names in Australia. As a result of a number of queries and requests for more information, we have put together a simple explanation about what a business name is and how recent changes may affect your business.