To reserve a business name in Texas, one needs to file name reservation form with the Secretary of State. Name reservation is generally done to protect the business name from registration till the time business is officially registered.
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.
Texas Business Name Requirement
Texas 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”, “Limited Company”, “LLC”, “L.L.C.”, “LC”, or “L.C.”
Prohibited words:
Certain words such as “bank,” “banking,” “banker,” “trust,” “insurance,” “insurer,” “engineer,” “architect” or any abbreviation of such words are restricted to use. Prior approval needs to be taken to use these words in the business name.
Checking the Availability of a Business Name
Texas 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 Texas.
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 | $40 Instant Approval |
| Processing Time | Instant |
- Create an account with SOSdirect – Link.
- You will be requested to fill in your credit card details.
- Next open ‘Business Organisation‘ tab and click ‘Application for Name Reservation’ link.
- Enter the name of the business you are looking to register and click on ‘Name Availability Search‘ button.
- Next, fill in your personal details and complete the payment.
By Mail
| Download Form | Link |
| Fees | $40 |
| Address | Secretary of State P.O. Box 13697 Austin, TX 78711-3697 |
| Processing Time | Around 3 days after the receipt |
- Download the Texas Name reservation form – Link.
- Fill the form with the requested details.
- Include the money order/check/credit card payment of $40. Check/money order must be drawn in name of “Secretary of State Texas“.
- Send the filled form to:
Secretary of State
P.O. Box 13697
Austin, TX 78711-3697
Texas Secretary of State Contact
For any queries, you can contact the SOS at (512)-463-5555 during business hours.
Reference:
- https://www.sos.state.tx.us/corp/namefilingsfaqs.shtml
- https://www.sos.state.tx.us/corp/sosda/index.shtml
Last Updated: 08/17/2018
The post Texas Business Name Reservation appeared first on BusinessEntity.org.
source https://businessentity.org/tx/texas-business-name-reservation/
No comments:
Post a Comment