The Delaware Application for Reservation of Limited Partnership Name is a form that is filed with the Delaware Division of Corporations in order to reserve a limited partnership name for up to 120 days. The filing of the application allows for an individual or business entity to reserve a name for their limited partnership that is unique and distinguishable from other entities registered with the Delaware Division of Corporations. By reserving the name, it allows the individual or business entity to have exclusive use of the name for the period of the reservation. There are two types of Delaware Application for Reservation of Limited Partnership Name, the Standard Reservation of Limited Partnership Name and the Express Reservation of Limited Partnership Name. The Standard Reservation of Limited Partnership Name will take the Delaware Division of Corporations 3-5 business days to process the application, while the Express Reservation of Limited Partnership Name will take 1-2 business days to process. The difference in cost between the two types of application is the Express Reservation of Limited Partnership Name has a higher fee.