Maine Application for Extension of Time Period for Reservation of Corporate Name

• Category: Employment - Applications
• State: Multi-State
• Control #: US-1056BG
• 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.

Maine Application for Extension of Time Period for Reservation of Corporate Name allows companies to request an extension to reserve the use of a specific corporate name for a longer period. This application is important for businesses that need additional time to fully plan their operations, secure funding, or complete other necessary steps before officially forming a corporation. By submitting this application, businesses in Maine can ensure that their chosen corporate name remains protected and unavailable for use by others during the extended reservation period. To successfully complete the Maine Application for Extension of Time Period for Reservation of Corporate Name, the following steps should be followed: 1. Research: Before submitting the application, it is crucial to conduct a thorough search to ensure that the desired corporate name is unique and not already in use by another business entity in Maine. This search can include checking the Secretary of State's business name database or utilizing online search tools. 2. Download the Application: The official Maine Secretary of State website offers the application form for download. Once downloaded, print out the form or fill it out electronically. 3. Fill out the Form: Provide accurate and up-to-date information on the application form. This includes the full legal name of the corporation, mailing address, contact details, and the original reservation period that was granted. 4. Reason for Extension: The application requires businesses to state the reason for the extension request. Businesses can elaborate on their unique situation, indicating why they need more time to organize their operations or fulfill certain requirements. 5. Fee Payment: Along with the completed application form, businesses must submit the required fee. The fee amount may vary, so it is recommended to check the Secretary of State's website for the current fee schedule. Types of Maine Application for Extension of Time Period for Reservation of Corporate Name: 1. Initial Application for Reservation of Corporate Name: This application allows businesses to reserve a specific corporate name for an initial period while they complete other necessary steps before formally establishing their corporation. 2. Application for Extension of Reservation Period: If businesses need more time beyond the initial reservation period, they can submit this application to extend the reservation of their chosen corporate name. In conclusion, the Maine Application for Extension of Time Period for Reservation of Corporate Name provides an opportunity for businesses to secure the use of a specific corporate name for a longer duration. By following the outlined steps and submitting the application along with the required fee, companies can ensure that their desired name remains protected until they are fully ready to establish their corporation.