Save your name
If you are not yet ready to incorporate or form a limited liability company
(LLC), but would like to reserve your business name, most states allow for name
reservations.
Why it’s important
The name of a corporation, LLC, limited
partnership (LP), limited liability partnership (LLP) or nonprofit corporation
must be distinguishable on the records of the state government. That means that
it must not be substantially similar to another name already in use by a
business incorporated or registered to transact business in that state. If the name is not unique or if it is already
in use, the state will reject the formation documents.
Features & benefits
Once a State Name Check is performed, we can reserve that company name for you
for a certain period of time. Allowed reservation time frames depend upon the
state, but they are often 120 days.
Key Benefits
If
you are incorporating your business and plan to register to transact business
in other states (foreign qualify) shortly thereafter, you can reserve your
desired name in those states until you are ready to file the incorporation
paperwork.
Keep in Mind
If
you do not form or foreign qualify your company before the end of the
reservation time period, the name becomes available for use by other companies.
You are allowed to file another reservation for the same name, however after
your first reservation period expires.