In this article, we have described step by step instruction to reserve your business name in Minnesota. Name reservation is an optional process, but it helps in protecting the business name you have chosen from being registered by someone else.
The business name can be reserved for the period of 12 months (highest amount all US states) which can be further renewed. The business name reservation can also be transferred.
Minnesota Business Name Requirement
Minnesota Secretary of State has mandated certain requirements which you must keep in mind while selecting a business name.
The business name must be unique and distinguishable from any existing business entity name registered with Secretary of State. Also any difference in grammar, similarly sounding business name, or using stop words does not make the business name unique and it will lead to the name being rejected.
For example following names are not distinguishable:
- Justin Plumber LLC vs The Justin Plumber LLC
- Mango Farm LLC vs Mango Farms LLC
- Jake & Mary Corporation vs Jake and Mary Corporation
Required suffix in the business name:
- For Corporations:
Must contain either “Corporation”, “Incorporated”, “Limited” or an abbreviation of one of such words. “Company” or “Co.” may be used provided they are not immediately preceded by “and” or “&” - For LLC
Must contain either “Limited liability company” or “LLC”
Prohibited words:
- For LLC name, “Corporation,” and “Incorporated” cannot be used
- Language stating or implying the business is organized for an impermissible purpose
Check Business Name Availability
MN SOS provides an online tool to check the availability of the business name. You can use this tool to find and research name for your business. We have written an in-depth tutorial on how to search for a business name in Minnesota.
How to Reserve Business Name
Business name reservation can be done either Online or by Mail. Filing for name reservation online is recommended as its more convenient and business name can be reserved instantly.
Online
| Link | Online |
| Fees | $55 Instant Approval |
| Processing Time | Instant |
- Open Minnesota Business and Lien System web page – Link.
- Enter the username/password and click on ‘Login’ button. If you do not have an account, click on ‘Sign Up’ button to create an account.
- Click on ‘Business Search’ button on the left tab.
- On the next page, scroll down and click on ‘Name Reservation‘ link.
- Enter the business name you have chosen and click on ‘Search‘ button.
- If the business name is unique, ‘File Name Reservation‘ button will activate. Click on the button.
- Next, fill the name holder and delivery information.
- Click on ‘Submit’ button and make the payment of $55 using your credit card.
By Mail
| Download Form | Link |
| Fees | $35 for Normal Processing $55 for expedited processing. |
| Address | Minnesota Secretary of State – Business Services Retirement Systems of Minnesota Building 60 Empire Drive, Suite 100 St Paul, MN 55103 |
| Processing Time | Around 3 days after the receipt |
- Download the Minnesota Name reservation form – Link.
- Fill the form with the requested details.
- Include the money order/check/credit card payment ($35 for normal and $55 for 24 hours processing).
Check/money order must be drawn in name of “MN Secretary of State“. - Send the filled form to
Minnesota Secretary of State – Business Services
Retirement Systems of Minnesota Building
60 Empire Drive, Suite 100
St Paul, MN 55103
Minnesota Secretary of State Contact
For any queries, you can contact the SOS at 651-296-2803 during business hours.
Reference:
Last Updated: 17/07/2018
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source https://businessentity.org/mn/minnesota-business-name-reservation/
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