What is Business Name Reservation and Its Benefits?
Business name reservation allows you to hold a name before officially forming your business, ensuring no one else can register it in the meantime. It's especially useful if you're still finalizing paperwork or waiting on other approvals. Reserving a name provides peace of mind and protects your branding while you prepare to file. Each state has its own rules for how long a name can be reserved, typically ranging from 30 to 120 days.
If you're not ready to form a business, it may still be wise to reserve a corporate or LLC name.
We understand that the name of your future business is extremely important, and you may want to reserve it now to protect your right to use it in the future. MyCorporation can handle this easily and affordably with Name Reservations.
Once we've conducted a business name search, we can reserve your company name for future use.
Reserve Your Business Name Today For Only $49
Key Considerations for Name Reservation
Before reserving a name, be sure it's not already taken or too similar to another registered business. States often have strict guidelines to prevent confusion. It's also a good idea to check for trademarks or domain availability. A reservation holds the name temporarily, but doesn't guarantee approval for use if it violates naming rules or conflicts with existing entities.
Reserving a Business Name vs. Registration: Key Differences
| Feature | Reservation | Registration |
|---|---|---|
| Purpose | Holds a name before filing formation documents | Officially creates a legal business entity |
| Duration | Temporary (varies by state) | Ongoing until dissolved |
| Legal Status | No legal business is formed | Business is legally recognized |
| Filing Required? | Yes, for the reservation | Yes, for formation |
Examples and Steps to Reserve a Business Name
Let's say you plan to form an LLC in Georgia, but aren't ready to file. You can submit a name reservation request to hold your desired name for 30 days. Most states require a simple form and a small filing fee, either online or by mail. Steps usually include checking availability, submitting the reservation form, and receiving confirmation from the state. MyCorporation offers a fast and easy way to handle this process in any state.
Common Mistakes to Avoid When Reserving a Business Name
One of the most common mistakes is assuming a reservation guarantees name approval for registration - states still review names when you file. Another is forgetting to register before the reservation expires, which can lead to losing the name. Avoid choosing names that are too similar to existing businesses or that violate naming rules in your state. Always double-check the name's availability and requirements before submitting.
A name reservation is NOT required before forming your corporation or Limited Liability Company (LLC). However, it may be wise to reserve a corporate or LLC name if you are not yet ready to form the entity at this time or have some reason for delaying its formation.
Sometimes your business name may be already be in use by another company. In such instances, you may consider selecting a new corporate or LLC name that does not conflict with an existing business name in the jurisdiction where you are incorporating.
The only way to change the legal name of a state-level entity such as a corporation or LLC is to file an amendment to the Articles of Incorporation/Organization.
What our Customers are Saying
"Glad I found this company! Made starting my own business a breeze. Great customer service as well, which I value highly! They're always there to answer my questions."
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" I was amazed at how easy MyCorporation made it to create an LLC. They turned the entire process around in a matter of days and I would highly recommend them to anyone looking to start a new LLC. "
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