A name reservation procedure enables you to reserve a company name for a specific amount of time prior to formally registering your company. This is crucial if you want to make sure that your ideal business name is available but aren’t quite ready to register your company. While you are getting ready to launch your firm, you can stop someone else from using your chosen name by reserving it.
A name reservation in Alabama is valid for 120 days. In other words, you have four months from the time you reserve your business name to register it with the Alabama Secretary of State or to renew it for another 120 days. Your name reservation will expire and become accessible to others if you don’t register your company or renew it within this window of time. In Alabama, how much does it cost to register a business name? In Alabama, reserving a company name costs $28. This charge must be paid at the time of filing and is not refundable. The cost is $28 if you need to renew your name reservation.
Employer Identification Numbers, or EINs, are special nine-digit numbers that the IRS issues to businesses for tax-related reasons. Alabama residents have two options for applying for an EIN number: online through the IRS website or by mail using Form SS-4. You can get your EIN right away if you apply online. Your EIN may not arrive for up to four weeks if you submit your application via mail. Applying for an EIN number is free.
In Alabama, reserving a business name is an essential first step in launching a new enterprise. You may make sure that your ideal business name is reserved before it is taken by knowing what a name reservation is, how long it is valid for, and how much it costs. And after you’re prepared to establish your company, getting an EIN number is a crucial step to do to make sure that the IRS will recognize your company for tax purposes.
You can use the website of the Alabama Secretary of State to conduct a search to see if your proposed business name is available in Alabama. You can use the website’s firm Entity Search tool to look for existing companies with names that are similar to the one you’ve thought of for your firm. Your business name is probably available for reservation if the search results show no names that are comparable to yours.
The Alabama Secretary of State’s Business Entity Search database can be searched to learn who owns a business in the state. You can use this database to look up companies that are registered in Alabama by name, owner name, or other identifying details. Additionally, you can ask the Alabama Secretary of State’s office for public records in order to obtain information about a company’s ownership.