Name Reservation*

2015 07 01 | Category: Offshore Glossary

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Name Reservation*
A procedure that allows a corporation or Limited Liability Company to obtain exclusive use of its business name for a specified period of time. The name of a corporation or LLC must be different from previous names on record at the state government. If the name is not unique, the state will reject the articles of incorporation or articles of organization (for LLC). A name can be reserved, usually for 120 days, by applying with the proper state authorities and paying a fee.


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