Friday, August 17, 2018

Utah Business Name Reservation

Utah (UT) State ShapeIf you are looking to register a business entity in Utah but you don’t have all the documents ready for filing than name reservation can be very helpful. Using name reservation, you can ensure no one registers the name you have selected while you preparing to file the business.

In Utah business name can be reserved for the period of 120 days which can be further renewed. The business name reservation can also be transferred.

Utah Business Name Requirement

Utah 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” or an abbreviation of one of such words.
  • For LLC
    Must contain either “Limited company”, “Limited liability company”, “L.C.”, “LC”, “L.L.C.”, or “LLC”

Prohibited words:

Name containing “university”, “school”, “college” etc are restricted from usage. Prior approval needs to be taken to use these words in the business name.

Checking the Availability of a Business Name

Utah Department of Commerce provides an online tool to check the availability of a 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 Utah.

How to Reserve Business Name

Business name reservation can be done either by mail or fax.

By Mail

Download Form Link
Fees $22
Address Utah Division of Corporations & Commercial Code
PO Box 146705
Salt Lake City Utah 84114-6705
Processing Time Around 3 days after the receipt
  1. Download the Utah Name reservation form – Link.
  2. Fill the form with the requested details.
  3. Include the fee of $222 money order/check/credit card payment. Check/money order must be drawn in name of “Division of Corporations & Commercial Code“.
  4. Send the filled form to
    Utah Division of Corporations & Commercial Code
    PO Box 146705
    Salt Lake City Utah 84114-6705

Fax:

Alternatively, the form can also be faxed to (801) 530-6438. Include the payment cover letter along.

Utah Secretary of State Contact

For any queries, you can contact the SOS at (801) 530-4849 or (877) 526-3994 during business hours.


Reference:

Last Updated: 17/07/2018

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source https://businessentity.org/ut/utah-business-name-reservation/

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