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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.
A limited partnership is a partnership formed by two or more persons under the provisions of section ninety-one, having as members one or more general partners and one or more limited partners. The limited partners as such shall not be bound by the obligations of the partnership. N.Y. Partnership Law § 90.
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.
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 business name establishes your intent to use the name and keeps others from using it in the meantime.
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.
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.
Complete and file an Application for Reservation of Name with the Department of State. The completed Application for Reservation of Name, together with the statutory filing fee of $20, should be forwarded to: NYS Department of State, Division of Corporations, One Commerce Plaza, 99 Washington Avenue, Albany, NY 12231.