The Mississippi Reservation of Limited Partnership Name is a legal provision that allows individuals or entities to reserve a specific name for a limited partnership in the state of Mississippi. By reserving a name, potential limited partnership owners can ensure that the desired name is available for their future business venture. This is particularly important as it prevents other entities from using the same name during the reservation period. The Mississippi Secretary of State is responsible for handling the reservation process. The reservation can be filed online or by submitting the necessary forms, available on the Secretary of State's website, through mail. Reservation requests can also be made in person by visiting the Secretary of State's office in Jackson, Mississippi. To reserve a limited partnership name in Mississippi, certain requirements must be met. Firstly, the name should comply with the regulations set by the Mississippi Limited Partnership Act. It should not be misleading, similar to an existing business entity's name, or contain restricted words without proper approval. Additionally, the name should reflect that it is a limited partnership by including terms like "limited partnership," "L.P.," or "LP." It is important to note that there are no distinct types of Mississippi Reservation of Limited Partnership Name. However, the reservation can be made for any limited partnership intending to conduct business within the state of Mississippi. This includes both domestic limited partnerships formed within Mississippi and foreign limited partnerships intending to expand their operations into the state. The reservation is valid for a period of 120 days from the date of approval, during which the intended reservation holder can proceed with the necessary steps to formally establish their limited partnership. If the individual or entity fails to register the limited partnership within the reservation period, the name will be released and made available to others seeking to use it. In conclusion, the Mississippi Reservation of Limited Partnership Name is a helpful provision that enables individuals or entities to secure a desired name for their limited partnership in the state of Mississippi. By reserving a name, potential limited partnership owners can ensure their chosen identity is protected until they officially register their business. This process guarantees the uniqueness and individuality of the limited partnership's name, while adhering to the regulations set forth by the state.
Mississippi Reservation of Limited Partnership Name
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How to fill out Mississippi Reservation Of Limited Partnership Name?
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You'll do this by completing a Reservation of Name via the online portal and filing it with the MS Secretary of State. The name will be reserved for 180 days. If you're starting your business right away, you don't need to reserve a name.
Reserving a business name establishes your intent to use the name and keeps others from using it in the meantime.
Mississippi LLC Formation Filing Fee: $50 Online filings are usually processed within 24 hours of receipt. If you mail in your application, it could take several weeks to be processed.
Filing the name reservation application is an online process at .mca.gov.in. For company name reservation the application is filed in Part A of the Spice Plus form and for LLP the application is filed in RUN Form.
You can also just say "I have a reservation under Franklin". If I were actually showing up at a restaurant, I'd most frequently use "for" -- "Hi, we have a reservation for Franklin." "In the name of" has a slight implication that you're making the reservation with a name other than your own.
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.
Reserving a name places a ?hold? on the name for a limited period of time. Names are often reserved because the documents necessary to create the entity, to amend its name, or to add an assumed name, are not yet available for filing.
After receiving confirmation from state authorities that the name is available, you may reserve it. Reserving company names creates your intention of using the name and prevents others from using it.
