The Oregon Reservation of Limited Partnership Name refers to a legal process that allows individuals or entities to reserve a specific name for a limited partnership in the state of Oregon. This reservation ensures that no other entity can use that particular name during a set period of time, providing the reserving party with the exclusive rights to the name for their limited partnership. In Oregon, limited partnerships are required to have a unique and distinguishable name that sets them apart from other businesses operating within the state. The Reservation of Limited Partnership Name allows potential business owners or existing partnerships to secure a specific name of their choice before officially forming their limited partnership. The reservation process involves submitting an application and paying a fee to the Oregon Secretary of State's office. This application typically requires the applicant to provide the desired name, their contact information, and any additional documents or requirements specified by the state. It is essential to ensure that the chosen name complies with the Oregon Revised Statutes governing limited partnerships. During the reservation period, which is typically 120 days, the reserved name is protected from being used by any other limited partnership. This gives the applicant ample time to complete the necessary paperwork and filings to officially establish their limited partnership under the reserved name. While the Oregon Reservation of Limited Partnership Name generally refers to reserving a specific name for any type of limited partnership, it is important to note that there are no distinct types of reservation within this process. Whether the limited partnership is a general partnership (GP) or a limited liability partnership (LLP), the reservation procedure remains the same. In summary, the Oregon Reservation of Limited Partnership Name is an essential step for individuals or businesses looking to establish a limited partnership in Oregon. By reserving a specific name, applicants can ensure exclusivity and prevent other entities from using the same name. Whether forming a general partnership or a limited liability partnership, this reservation process offers protection and peace of mind.
Oregon Reservation of Limited Partnership Name
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