Alaska New Business Name Reservation is a service provided by the Alaska Division of Corporations, Business and Professional Licensing. It allows businesses to reserve a proposed name for their company for a period of 120 days. This service allows businesses to ensure that their desired name is available for their business when registering it with the state. There are two different types of Alaska New Business Name Reservation: Standard and Express. Standard reservations are processed within 5-7 business days and cost $25. Express reservations are processed within 24 hours and cost $50.