Name Reservation Process
Name reservation is registering the name of a business with the state in order to reserve that name for a period of time. Depending upon the state, a name may be reserved for 30 days to one year and can sometimes be renewed.
If there’s going to be time between checking the name and actually filing the business entity, it’s a good idea to consider reserving the name. For example, in New York, once you submit a name reservation it can take two days or longer to get the name reservation receipt.
Many states allow reservations to be renewed for an additional period of time after the initial reservation term ends.
One mechanism that Avvy has built in to combat bad-faith registrations is Name Reservation Requests. Users wishing to submit a request should contact Avvy Domains to obtain a link to a Reservation Request form.
Make necessary modifications to your name and resubmit the application promptly. Taking the time to follow the reservation process carefully and be prepared to deal with any rejections. A well-chosen name can set your business on a path to success.
Benefits of Name Reservation
Name reservation prevents others from registering an entity with a name identical to yours. Name reservation typically provides protection for a period of 120 days, but this figure varies by state.
Name Reservation in Texas
Before you file a Certificate of Formation to start a Texas business, you can reserve the name you wish to register. A name reservation will hold your desired business name for a period of 120 days. Name reservations can be renewed if necessary.
How to Reserve a Business Name in Texas
Texas’s online business services can be found on the Texas Secretary of State website. To reserve a business name, you must file an application online or by mail. When reserving your name, you will have to pay a filing fee.
Name Reservation Duration
Name reservation typically provides protection for a period of 120 days, but this figure varies by state. Many states allow reservations to be renewed after the initial protection period ends, and some states allow longer-term protection for foreign entities by filing a name registration.
Name Reservation Application Process
When it comes to name reservation, you must first choose a name that’s not already taken by another company and reserve it with the Secretary of State’s office in your home state. After finding the right business name, you must take additional steps to ensure that you can use the name legally.
Conclusion
In conclusion, name reservation is an essential step for businesses or individuals looking to secure a particular name for their future business entity. By reserving a name, you can avoid conflicts, establish brand identity, and enjoy legal protection. Conduct thorough research, follow the necessary steps, and be aware of the limitations to successfully reserve a name and set yourself on the path to building a successful business.