Rhode Island Reservation of Limited Partnership Name

• Category: Partnerships - Limited
• State: Multi-State
• Control #: US-P1205-1AM
• Format: Word; Rich Text

Description

This form is a model adaptable for use in partnership matters. Adapt the form to your specific needs and fill in the information. Don't reinvent the wheel, save time and money. Rhode Island Reservation of Limited Partnership Name is a process by which a limited partnership can reserve a specific business name for future use. This reservation ensures that the chosen name is exclusively available to the limited partnership and prevents other entities from using the same or similar name. In Rhode Island, the Secretary of State's office oversees the reservation of limited partnership names. The reservation can be made by filing a reservation application, which includes essential information like the desired name, the name and address of the applicant, and the duration of the reservation. The reservation duration can be for a maximum of 120 days, during which the limited partnership has the exclusive right to register a business using the reserved name. This time period allows the limited partnership to complete necessary legal paperwork, gather funds, or finalize other aspects before officially registering their business. It's worth noting that a Reservation of Limited Partnership Name should not be confused with the formation or registration of a limited partnership itself. It is merely a tool to secure a particular name temporarily, ensuring its availability when the limited partnership is ready to proceed with the formal registration process. In addition, Rhode Island offers several types of reservations depending on the entity's specific needs. These options include: 1. Reservation of Name: This is the standard reservation option, allowing a limited partnership to reserve a specific business name for future use. 2. Amended Reservation of Name: This type of reservation is used when a limited partnership wants to amend or change their previously reserved business name during the reservation period. 3. Renewal of Reservation of Name: If a limited partnership requires a longer period to finalize their business plans, they can opt for a renewal of the initial name reservation. This option allows them to extend the reservation for an additional 120 days. Overall, the Rhode Island Reservation of Limited Partnership Name offers vital protection for limited partnerships, ensuring their chosen business name remains exclusive and available when they are ready to proceed with formal registration. By reserving a name, limited partnerships can confidently plan their business activities without the risk of losing their desired brand identity to competing entities.

Rhode Island Reservation of Limited Partnership Name is a process by which a limited partnership can reserve a specific business name for future use. This reservation ensures that the chosen name is exclusively available to the limited partnership and prevents other entities from using the same or similar name. In Rhode Island, the Secretary of State's office oversees the reservation of limited partnership names. The reservation can be made by filing a reservation application, which includes essential information like the desired name, the name and address of the applicant, and the duration of the reservation. The reservation duration can be for a maximum of 120 days, during which the limited partnership has the exclusive right to register a business using the reserved name. This time period allows the limited partnership to complete necessary legal paperwork, gather funds, or finalize other aspects before officially registering their business. It's worth noting that a Reservation of Limited Partnership Name should not be confused with the formation or registration of a limited partnership itself. It is merely a tool to secure a particular name temporarily, ensuring its availability when the limited partnership is ready to proceed with the formal registration process. In addition, Rhode Island offers several types of reservations depending on the entity's specific needs. These options include: 1. Reservation of Name: This is the standard reservation option, allowing a limited partnership to reserve a specific business name for future use. 2. Amended Reservation of Name: This type of reservation is used when a limited partnership wants to amend or change their previously reserved business name during the reservation period. 3. Renewal of Reservation of Name: If a limited partnership requires a longer period to finalize their business plans, they can opt for a renewal of the initial name reservation. This option allows them to extend the reservation for an additional 120 days. Overall, the Rhode Island Reservation of Limited Partnership Name offers vital protection for limited partnerships, ensuring their chosen business name remains exclusive and available when they are ready to proceed with formal registration. By reserving a name, limited partnerships can confidently plan their business activities without the risk of losing their desired brand identity to competing entities.