Delaware Reservation of Limited Partnership Name
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How to fill out Reservation Of Limited Partnership Name?
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FAQ
Name reservation protects the preferred name of your entity while you prepare to file formation documents with the state. Depending on entity type, reservations may be eligible for renewal if more time is needed.
Understanding Legal Names Once your name is approved, it's reserved for your use, but only within your state. That means as long as you don't share the same name as another business entity in your state, you're more than welcome to use your business name legally!
Delaware LLCs offer a flexible management structure. Delaware LLC members can decide to manage the LLC for themselves, or they can appoint managers to do it for them. Whatever they choose, Delaware law offers them flexibility in defining the powers and duties of their management team.
All entity name reservations are required to submit an application to reserve, re-reserve, transfer or cancel a name reservation. The fee is $75.00 and the reservation will be effective for 120 days.
Names of Delaware corporations must (1) be available, (2) contain a corporate suffix, (3) not contain restricted words, and (4) not violate other naming rules in Delaware. Picking a name that follows these rules reduces the chance of delay with your incorporation.
Delaware corporate name The name must be distinguishable from those of other corporations organized, reserved or registered as a foreign corporation under the laws of Delaware. Use of words "Bank," "Banc," "Banque" and "Trust" need approval from the Department of Banking.
The name you choose cannot be in use by any other business in the state. This is why it's so important to perform a Delaware business name search before you begin your incorporation paperwork. It's not enough for your corporation name to be unique. It also cannot be similar to the name of another business in the state.
If another company registered its business name as a trademark, using the same business name is illegal. If another company registered its business name as an entity, you may not use the same business name.
