You must submit an application for name reservation to the Texas Secretary of State in order to reserve a company name for 120 days. This indicates that no other entity may use the name for their company during this time. There is a $40 filing fee and the application can be submitted either online or by mail.
Your company name will be held for 120 days after you submit the application for name reservation in Texas. This provides you plenty of time to organize your company and submit the necessary paperwork to the Texas Secretary of State. If you require more time, you can apply for a 60-day extension by completing a new application and paying an additional $40 cost.
No, a name reservation and a DBA (Doing Business As) are not the same thing. A DBA file enables you to legally operate under a name other than your legal business name. A name reservation just secures the name for your company. Your business must file a DBA with the county clerk in the county where it is located, and different counties have different filing processes and costs.
In Texas, you can reserve a business name. The steps are the same as for reserving a company name. The Texas Secretary of State must receive an Application for Name Reservation together with a $40 filing fee. It is significant to remember that in Texas, a company name and a business name are equivalent terms.
Finally, reserving a business name in Texas is a quick and crucial step in launching a new company. You can feel secure knowing that the name you’ve picked for your company is unique to you and cannot be used by another person or organization. You can quickly reserve your business name and continue with the formation of your business by following the instructions provided in this article.
The process of reserving a company name for a set amount of time, often 120 days, with the aim of using it for a future business entity is known as reservation of name. This procedure makes sure that the name is not already being used by another person or organization when the person or company gets ready to incorporate. This procedure can be finished in Texas by going through the Secretary of State’s office.