The Ohio Application for Extension of Time Period for Reservation of Corporate Name is a legal form required by the Ohio Secretary of State. This application is necessary for Ohio corporations that wish to extend the time period during which their corporate name is reserved. The purpose of the Ohio Application for Extension of Time Period for Reservation of Corporate Name is to allow corporations more time to complete necessary paperwork before officially registering their business name. By filing this application, corporations can prevent other entities from using their desired name during the extended time period. The Ohio Secretary of State offers two types of extensions for the reservation of a corporate name: 1. Initial Extension: The Initial Extension allows corporations to extend the reservation of their desired name for an additional period of 180 days, starting from the original date of reservation. This extension is typically utilized when corporations need additional time to finalize their formation paperwork or fulfill other legal requirements before completing the registration process. 2. Subsequent Extensions: If the Initial Extension period elapses, corporations may file Subsequent Extensions to further extend the reservation of their corporate name. Each subsequent extension provides an additional 180 days, starting from the end of the previous extension. However, corporations should note that the total combined period for all extensions cannot exceed 720 days from the original reservation date. To successfully apply for an extension of time period for reservation of a corporate name, corporations need to complete the Ohio Application for Extension of Time Period for Reservation of Corporate Name form accurately and comprehensively. They should provide their corporate name, their unique identification number assigned by the Secretary of State, the original reservation date, and the desired extension period. Ohio's corporations must also submit the appropriate filing fee along with their application. Once reviewed and approved by the Secretary of State, the extension will be granted, and the corporation can continue reserving their desired name for the specified extended period. In summary, the Ohio Application for Extension of Time Period for Reservation of Corporate Name is a crucial legal document allowing corporations in Ohio to extend the reservation period for their desired name. By utilizing the Initial Extension and Subsequent Extensions, corporations can ensure the continued protection of their chosen name during their formation process and legal compliance.