Let’s imagine a scenario:
Suppose ‘Andy‘ wants to start a business in Arizona. Out of excitement, he starts searching for the perfect business name for his business. And after lots of ideation, he finalizes the name for his business.
He visits the Secretary of State website and starts the business formation process. But his excitement is short lived. Do you know WHY!!!
Because for forming a business, there are quite a number of documents required to be filled like filing articles of organization, operating agreement etc. And poor ‘Andy‘ did have the documents ready.
So now what?
Will ‘Andy‘ lose his chosen business name? No! For such scenarios business name reservation comes in handy. All ‘Andy‘ needs to do is file a simple name reservation form and pay a small amount of $10 to reserve the business name.
This protects the business name from being registered by someone for a period of 120 days till the time ‘Andy‘ prepares for business formation. Also, the business name reservation can be further renewed and transferred to someone else.
Arizona Business Name Requirement
Arizona Secretary of State has mandated certain requirements which you must keep in mind while finalizing the 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 Liability Company”, “L.L.C.” or “LLC”.
Prohibited words:
- Language stating or implying the entity is formed for an impermissible purpose.
- Certain words such as college, bank, insurance etc are restricted to use without approval from the concerned board.
You can read more about the naming convention here:
- http://azcc.gov/Divisions/Corporations/name-reservations-online-info.asp
- http://www.azcc.gov/divisions/corporations/filings/namingpolicy.asp
Checking the Availability of a Business Name
To make sure your chosen business name is unique and distinguishable, you must search through Arizona SOS business records. We have written an in-depth tutorial on how to search for a business name in Arizona.
How to Reserve Business Name
Business name reservation can be done by Mail and takes above 3 days to process after the receipt of the form.
By Mail
| Download Form | LLC: Link Corporation: Link |
| Fees | $10 (Optional $35 expedite fee) |
| Address | Arizona Corporation Commission Corporate Filings Section 1300 W. Washington St., Phoenix, Arizona 85007 |
| Processing Time | Around 3 days after the receipt |
- Download the name reservation form – Link.
- Fill the form with the requested details.
- Download and fill he cover sheet – link.
- Include the money order or check drawn in favor of “Arizona Corporation Commission“.
- Send the filled form to:
Arizona Corporation Commission
Corporate Filings Section
1300 W. Washington St., Phoenix, Arizona 85007
Contact
For any queries, you can contact the SOS at (602) 542-3026 during business hours.
Reference:
Last Updated: 20/09/2018
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source https://businessentity.org/az/arizona-business-name-reservation/
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