Before officially forming your business (LLC, Corporation etc) in Oregon, you may consider reserving the name for your company first. Reserving business name is especially helpful in cases when you are sure to form the business in next few months but are not ready yet. Name reservation can protect your PERFECT business name, till the time you are ready for filing.
Oregon is one of the few states where filing for name reservation is mandatory for incorporation. The business name can be reserved for the period of 120 days which can be further renewed. The business name reservation can also be transferred.
Oregon Business Name Requirement
Oregon 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”, “Company”, “Limited” or an abbreviation of one of such words. - For LLC
Must contain either “Limited Liability Company”, “L.L.C.” or “LLC”
Prohibited words:
- Certain words such as bank, insurance, trust etc cannot be included in the name without prior approval from the concerned authorities.
- LLC name cannot include “Corporation”, “Incorporated”, “Company”, or “Limited”.
Checking the Availability of a Business Name
Oregon SOS provides an online tool to check the availability of any 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 Oregon.
How to Reserve Business Name
Business name reservation can be done Online and the process is instant.
Online
| Link | Online |
| Fees | $100 |
| Processing Time | Instant |
Oregon Secretary of State Contact
For any queries, you can contact the SOS at (503)-986-2200 during business hours.
Reference:
Last Updated: 25/08/2018
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source https://businessentity.org/or/oregon-business-name-reservation/
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