Arkansas Application for Renewal of Reservation of Corporate Name

• Category: Contracts - Applications
• State: Multi-State
• Control #: US-1054BG
• Format: Word; Rich Text

Description

Section 4.02 of the Revised Business Corporation Act provides: "A person may reserve the exclusive use of a corporate name, including a fictitious name for a foreign corporation whose corporate name is not available, by delivering an application to the secretary of state for filing. The application must set forth the name and address of the applicant and the name proposed to be reserved." This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

Title: The Arkansas Application for Renewal of Reservation of Corporate Name: A Comprehensive Guide Introduction: The Arkansas Application for Renewal of Reservation of Corporate Name is a vital document for businesses operating within the state. This article will delve into the different types and key components of this application, ensuring a thorough understanding of its purpose and significance. With relevant keywords, we aim to equip you with valuable information on this crucial aspect of corporate name preservation. Keywords: Arkansas, application for renewal, reservation, corporate name Types of Arkansas Application for Renewal of Reservation of Corporate Name: 1. Initial Reservation: When a business entity initially registers a corporate name with the Arkansas Secretary of State, they can apply for an Initial Reservation. This reservation effectively reserves the chosen name for a period of 120 days, providing the entity with exclusive rights while they complete the necessary legal processes to establish the business. 2. Renewal Reservation: Once a corporate name reservation nears its expiration, businesses have the option to apply for a Renewal Reservation. This application extends the reservation period, safeguarding the name from being adopted by another entity during the renewal period. Key Components of Arkansas Application for Renewal of Reservation of Corporate Name: 1. Corporate Name Information: The application necessitates the inclusion of the corporation's legal name, precisely as it was registered initially. This ensures clarity and accurate identification throughout the renewal process. 2. Reservation Duration: Applicants must specify the desired duration for the renewal period. The Arkansas Secretary of State allows for a renewal period of up to 60 months, giving companies flexibility in managing their name reservation. 3. Principal Contact Information: The application requires the provision of accurate contact details of the individual responsible for correspondence and inquiries related to the corporate name reservation. This information enables effective communication between the Secretary of State and the business entity. 4. Filing Fee: A vital component of the application is the payment of the required fee. The applicable fee for the renewal of a corporate name reservation varies and needs to be paid at the time of submission. Conclusion: The Arkansas Application for Renewal of Reservation of Corporate Name is an essential requirement for businesses seeking to maintain exclusivity over their chosen name. Whether applying for an Initial Reservation or a Renewal Reservation, understanding the key components of this application, such as corporate name information, reservation duration, principal contact details, and filing fees will help ensure a smooth renewal process. Remaining proactive in preserving the corporate name is vital for establishing a unique identity and brand recognition within the state of Arkansas.