Michigan Application for Extension of Time Period for Reservation of Corporate Name

• Category: Employment - Applications
• State: Multi-State
• Control #: US-1056BG
• Format: Word; Rich Text

Description

Section 4.02 of the Revised Business Corporation Act provides: "A person may reserve the exclusive use of a corporate name, including a fictitious name for a foreign corporation whose corporate name is not available, by delivering an application to the secretary of state for filing. The application must set forth the name and address of the applicant and the name proposed to be reserved." This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction. The Michigan Application for Extension of Time Period for Reservation of Corporate Name is a crucial legal document that allows a corporation to request an extension for reserving its corporate name. In Michigan, a corporation is required to reserve its chosen corporate name with the Department of Licensing and Regulatory Affairs (LARA) to prevent other entities from using the same name. The goal of filing the Application for Extension of Time Period is to provide the corporation with additional time to complete the necessary preparations before officially registering with the state. By securing an extension, the corporation ensures that its chosen name remains exclusively reserved during this period. Keywords: Michigan, Application for Extension of Time Period, Reservation of Corporate Name, Department of Licensing and Regulatory Affairs, LARA, corporation, legal document, extension, registering, chosen name. Types of Michigan Applications for Extension of Time Period for Reservation of Corporate Name: 1. Initial Application for Reservation of Corporate Name: Before a corporation can request an extension, it must initially file an Application for Reservation of Corporate Name. This application reserves the desired corporate name for a specific period, typically 180 days, during which the corporation must complete the necessary registration steps. 2. Application for Extension of Time Period for Reservation of Corporate Name: In case a corporation requires additional time to complete the registration process, it can file this application. It allows for an extension of the initial reservation period, usually for another 180 days. The purpose is to maintain exclusive rights to the chosen corporate name while the corporation finalizes its internal procedures. 3. Application for Successive Extensions: If a corporation still needs more time after the first extension, it can file for successive extensions of the reservation period. These applications follow the same process as the initial extension application, granting the corporation additional 180-day periods to complete the registration requirement. It is important for corporations in Michigan to be aware of the timeframe limitations associated with reserving a corporate name. By utilizing the different types of Applications for Extension of Time Period for Reservation of Corporate Name, businesses can guarantee the protection of their chosen name while navigating through the necessary legal procedures.

The Michigan Application for Extension of Time Period for Reservation of Corporate Name is a crucial legal document that allows a corporation to request an extension for reserving its corporate name. In Michigan, a corporation is required to reserve its chosen corporate name with the Department of Licensing and Regulatory Affairs (LARA) to prevent other entities from using the same name. The goal of filing the Application for Extension of Time Period is to provide the corporation with additional time to complete the necessary preparations before officially registering with the state. By securing an extension, the corporation ensures that its chosen name remains exclusively reserved during this period. Keywords: Michigan, Application for Extension of Time Period, Reservation of Corporate Name, Department of Licensing and Regulatory Affairs, LARA, corporation, legal document, extension, registering, chosen name. Types of Michigan Applications for Extension of Time Period for Reservation of Corporate Name: 1. Initial Application for Reservation of Corporate Name: Before a corporation can request an extension, it must initially file an Application for Reservation of Corporate Name. This application reserves the desired corporate name for a specific period, typically 180 days, during which the corporation must complete the necessary registration steps. 2. Application for Extension of Time Period for Reservation of Corporate Name: In case a corporation requires additional time to complete the registration process, it can file this application. It allows for an extension of the initial reservation period, usually for another 180 days. The purpose is to maintain exclusive rights to the chosen corporate name while the corporation finalizes its internal procedures. 3. Application for Successive Extensions: If a corporation still needs more time after the first extension, it can file for successive extensions of the reservation period. These applications follow the same process as the initial extension application, granting the corporation additional 180-day periods to complete the registration requirement. It is important for corporations in Michigan to be aware of the timeframe limitations associated with reserving a corporate name. By utilizing the different types of Applications for Extension of Time Period for Reservation of Corporate Name, businesses can guarantee the protection of their chosen name while navigating through the necessary legal procedures.