Filing for name reservation in Rhode Island will protect the business name from being registered by someone else. Scenarios, where someone is thinking to officially form the business at any point later but is sure about the business name, in such cases filing for name reservation makes sense.
The business name can be reserved for the period of 120 days and can not be transferred. However, the name reservation can be transferred to somebody else during the holding period.
Rhode Island Business Name Requirement
Rhode Island 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”, “LLC” or “L.L.C.”
Low-profit limited liability company name must end with “Low-Profit Limited Liability Company,” “L3C” or “l3c”
Prohibited words:
Certain words such as ‘Bank’, ‘trust’, ‘insurance’ etc. are restricted to use.
Checking the Availability of a Business Name
Rhode Island Secretary of State 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 Rhode Island.
How to Reserve Business Name
Business name reservation can be filed online and over mail. Filing online is recommended as the process is instant.
Online
| Link | Online |
| Fees | $50 For-Profit entities $20 for Non-Profit entities |
| Processing Time | Instant |
- Open Rhode Island Business Services Online Filing System webpage – Link.
- Next click on ‘File New Business Entity‘ link.
- Click on ‘Reservation of Entity Name‘ under the type of business entity you have chosen
- On the next page, enter the following information:
- Name to be reserved
- Name and address of Applicant
- Filer’s Contact Information
- Accept the terms and press the button ‘Click HERE to Submit This Information‘.
- On the next page, you can review the data you entered in the previous step.
- Click on ‘Accept‘ button.
- Finally, make the payment using your credit card.
By Mail
| Download Form | Link |
| Fees | Business Corporation: $50 Limited Partnership: $50 Limited Liability Company: $50 Non-Profit Corporation: $50 |
| Address | Office of the Secretary of State Corporations Division 148 W. River Street Providence, Rhode Island 02904-2615 |
| Processing Time | Around 3 days after the receipt |
- Download the Alabama Name reservation form – Link.
- Fill the form with the requested details.
- Include the money order/check/credit card payment.
Check/money order must be drawn in name of ‘Secretary of State’. - Send the filled form to:
Office of the Secretary of State
Corporations Division
148 W. River Street
Providence, Rhode Island 02904-2615
Rhode Island Secretary of State Contact
For any queries, you can contact the SOS at (401) 222-3040 during business hours.
Reference:
- https://ift.tt/2wiQ62N
Last Updated: 21/08/2018
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source https://businessentity.org/ri/rhode-island-business-name-reservation/
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