Choosing a name for your business is one of the first stages in launching one. The desired name might, however, already be taken. You can apply for a reserved name in this situation. A reserved name is a name that is held aside for your exclusive use while you get ready to establish your limited liability corporation (LLC).
The creation of an LLC in Alabama might take up to 10 business days. But you may reserve a name much more rapidly. Businesses may reserve a name for up to 120 days with the Secretary of State’s office in Alabama. This offers you enough time to obtain the required paperwork and register your LLC without having to worry about someone else snatching up your selected name.
There are a few steps you must do in order to form an LLC in Alabama. You must first select a name that is both available and unregistered. Articles of Organization must then be submitted to the Secretary of State’s office. This document contains details like the LLC’s name and address, the registered agent’s name and address, and the members’ names.
Your LLC will be registered with the state once the Articles of Organization have been submitted and approved. However, the length of time needed to register a company can differ. The Secretary of State’s office normally processes the paperwork and registers your LLC in 5 to 10 business days.
The time it takes for a business name registration to be approved can also differ, it’s vital to remember that. The Secretary of State’s office typically takes 1 to 5 business days to approve a company name registration. The procedure could, however, take longer if there are any errors or inconsistencies in the papers.
In conclusion, setting aside a name for your LLC is a quick and simple approach to guarantee that your preferred name will be accessible when you’re ready to start your business. While establishing an LLC in Alabama may take up to 10 business days, reserving a name usually takes less time. You can quickly establish your LLC and launch your firm by taking the required actions and allowing for processing time.
Yes, you can reserve a company name by submitting a reserved name application to the relevant government body in your area. Depending on your location, the application procedure and requirements may change, but in general, reserving a name enables you to secure it for a specific amount of time while you complete the registration of your firm.