The company itself · A term for founders abroad
What is a name reservation?
A state filing that holds a company name before formation: 120 days for $60 in Wyoming, and 120 days for $75 in Delaware.
Checked against the IRS's instructions and the states' own rules. Reviewed by Saais Patel, compliance reviewer.
Term 68 of 105 in the glossary, filed under N.Delaware LLC Act, subchapter I: names and reservations
Name reservation, for a founder abroad.
A founder who isn't ready to form can reserve the name so nobody else takes it in the meantime. Wyoming and Delaware both hold a reserved name for 120 days. The name still has to meet the state's rules, including the LLC suffix and the words it restricts.
Most founders simply file the formation instead, because that secures the name for as long as the company exists and costs little more. How to name your LLC covers the rules.
Sources: Delaware LLC Act, subchapter I: names and reservations.
What founders ask next.
- Do I need to reserve a name before forming my LLC?
- No. Filing the articles claims the name. A reservation only helps if you need to hold it while you decide.
- Does reserving a name give me a trademark?
- No. It holds the name on one state's register for 120 days. A trademark is a separate federal right.
03 · See also
- The company itselfArticles of OrganizationThe document filed with a state to create an LLC; Delaware and some other states call it a Certificate of Formation.Read the term
- The company itselfLLCA US company whose owners aren't personally liable for its debts, and whose profit is taxed once, to the owners, unless it elects otherwise.Read the term
- The company itselfC-CorporationA US corporation taxed on its own profit, which issues stock and is what US investors' paperwork assumes; usually formed in Delaware.Read the term
- The company itselfS-CorporationA tax election that lets a US corporation or LLC pass its profit through to its owners; not available if any owner is a non-resident alien.Read the term
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