Understanding the Validity of Name Reservations in Alabama

How long is a name reservation good for in Alabama?
1 year Once you Reserve a Name for your Alabama Company it is valid for 1 year. You must file your Alabama Business formation documents (Articles of Incorporation for new Corporations or Articles of Organization for new LLCs) with the Alabama Secretary of State within that time period.
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Prior to registering a firm with the state of Alabama in Alabama, business owners frequently need to reserve a name for their organization. But how long is an Alabama name reservation in effect? What is a certificate of existence, another document needed for registration? These and other inquiries will have their solutions in this post.

A Certificate of Existence is what?

A company must first acquire a certificate of existence before it may register its name with the state of Alabama. This document, also referred to as a certificate of good standing, attests to the company’s legal position with the state. It verifies that the company has submitted all required paperwork, paid all fees, and is current on its state taxes.

Many business-related actions, like getting a loan, opening a bank account, or signing contracts, call for a certificate of existence. Businesses in Alabama must make a request to the Secretary of State’s office and pay a fee in order to get a certificate of existence.

A Name Reservation is what?

A business can move forward with reserving a name for its business after obtaining a certificate of existence. A name reserve prevents competing businesses from utilizing a certain business name while the owner is getting ready to register it with the state.

Businesses may hold onto a name in Alabama for up to 120 days. There is a $28 cost to reserve a name, which can be paid online or by mail.

In Alabama, how much does a name reservation cost?

As previously stated, Alabama charges $28 to reserve a name. Even if the business owner decides not to register the name with the state, this money is not refundable.

It’s important to remember that reserving a name doesn’t ensure that it will be open for registration. The reservation just enables the company’s owner to temporarily hold the name until they get ready to register it. How long is a name reservation good for?

A name reservation in Alabama is good for 120 days. The owner of the business will have to reapply for the reservation and pay the price if they don’t register the name within this time limit.

In conclusion, it is critical for business owners who wish to safeguard their brand to comprehend the legality of name reservations in Alabama. Business owners can make sure their preferred name is available and can be registered with the state by acquiring a certificate of existence and reserving it. It’s important to remember that a name reservation in Alabama costs $28 and lasts for 120 days.

FAQ
Regarding this, how do i reserve a business name in alabama?

You must submit an application to the Alabama Secretary of State’s office to reserve a business name there. There is a charge associated with the application, which can also be submitted by mail or online. You have 120 days to file your business formation paperwork with the state before the name reservation expires. It’s crucial to remember that reserving a name does not ensure that your business creation will be approved.

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