What does reservation of name mean?

A business name reservation means that your name is saved for your exclusive use for a defined period. Some states' name reservations are good for 120 days, but some reservations may be as short as 30 days. Many, but not all states allow renewals.

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Michigan Reservation of Name

Michigan Reservation of Name

Name: Michigan Reservation of Name
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.77 (495 reviews)

Category:

Michigan Secretary of State - Corporation Division - General

State:

Michigan

Control #:

MI-CD-540

Format:

Instant download

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Description

Reservation Of Name Michigan Reservation of Name is a legal process by which a business entity reserves an available name for future use in the state of Michigan. The process is available to corporations, limited liability companies (LCS), and limited partnerships (LPs). This process allows a business entity to “reserve” a name for a period of time, preventing another entity from using the same name. The reserved name may be used when filing for formation of the business. There are two types of Michigan Reservation of Name: “direct” and “indirect”. A direct reservation is made through the Michigan Department of Licensing and Regulatory Affairs (LARA), while an indirect reservation is made through an authorized filing agent. A direct reservation is valid for 180 days and is renewable for an additional 180 days. An indirect reservation is only valid for 90 days and is not renewable. Both direct and indirect reservations must be renewed prior to their expiration date in order to remain valid.

Michigan Reservation of Name is a legal process by which a business entity reserves an available name for future use in the state of Michigan. The process is available to corporations, limited liability companies (LCS), and limited partnerships (LPs). This process allows a business entity to “reserve” a name for a period of time, preventing another entity from using the same name. The reserved name may be used when filing for formation of the business. There are two types of Michigan Reservation of Name: “direct” and “indirect”. A direct reservation is made through the Michigan Department of Licensing and Regulatory Affairs (LARA), while an indirect reservation is made through an authorized filing agent. A direct reservation is valid for 180 days and is renewable for an additional 180 days. An indirect reservation is only valid for 90 days and is not renewable. Both direct and indirect reservations must be renewed prior to their expiration date in order to remain valid.

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FAQ

Before registering an entity with the state, there is a risk of another person taking your entity's intended name. 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.

There's a $25 fee, payable as a check or money order made payable to the State of Michigan. If submitting a form in person or online, you can also make a payment using a credit card. If you need additional information about this process, please call (517) 241-6470.

A business name reservation means that your name is saved for your exclusive use for a defined period. Some states' name reservations are good for 120 days, but some reservations may be as short as 30 days. Many, but not all states allow renewals.

A name can be reserved for a period of 60 days. For faster service, name reservations can be submitted online through our enhanced online services at bizfileOnline.sos.ca.gov. The reservation can be renewed to the same applicant or for the benefit of the same party, but not for consecutive 60-day periods.

Obtaining an Assumed Name or DBA If you want to establish a Michigan DBA (trade name), you can file a Certificate of Assumed Name form with the MI Department of Licensing and Regulatory Affairs. You'll need to pay a filing fee of $25.

If you don't want to form your LLC right away, you can reserve a business name for six months with the MI Department of Licensing and Regulatory Affairs by filling out an Application for Reservation of Name and paying a fee of $25.

You'll need to complete an Application for Reservation of Name and file it with the Michigan LARA. Once you do so, your name will be reserved for six months. You don't need to reserve a name if you're forming your business right away.

More info

Complete and file an Application for Reservation of Name with the Department of State. Complete and file the Application for Reservation of Name with the Department of State.A business name reservation means that your name is saved for your exclusive use for a defined period. The completed Application for Reservation of Name, along with the state specific filing fee will reserve your chosen business name. Follow the designated process flow to enter all filing information and complete the Name Reservation filing. The undersigned reserves the following. A name reservation may be renewed or extended for two additional sixty-day periods, for a total possible name reservation period of 180 days. After selecting Name Reservation from the main menu, The system provides a step-by-step processing flow to guide filers through the filing requirements. Once you file your name reservation, the Secretary of State will perform a thorough name search. To request a transfer, complete the following: NOTICE OF TRANSFER OF NAME RESERVATION.

Michigan Reservation of Name

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