Puerto Rico Application for Renewal of Reservation of Corporate Name is a legal document required to extend the reservation of a corporate name for an existing business entity in Puerto Rico. This application ensures that the company's chosen name remains protected and exclusively reserved for their use. The renewal process for reserving a corporate name in Puerto Rico involves filing the appropriate application with the Puerto Rico Department of State, Corporations Division. It is essential to have an understanding of the different types of Puerto Rico Application for Renewal of Reservation of Corporate Name: 1. Puerto Rico Domestic Corporation Name Renewal: This application type is applicable for local businesses incorporated in Puerto Rico, seeking to maintain the reservation of their corporate name. 2. Puerto Rico Foreign Corporation Name Renewal: Foreign corporations that have already obtained a certificate of authority to operate in Puerto Rico must renew their reserved name using this application. 3. Puerto Rico Nonprofit Corporation Name Renewal: Nonprofit organizations incorporated in Puerto Rico can utilize this application to secure the renewal of their reserved corporate name. 4. Puerto Rico Limited Liability Company (LLC) Name Renewal: Limited Liability Companies registered in Puerto Rico need to submit this application to extend the reservation of their company name. It is important to note that each of these applications requires specific information, such as the entity's name, address, fiscal identification number, and any changes to the information previously provided. Filing the Puerto Rico Application for Renewal of Reservation of Corporate Name ensures that the business entity maintains its exclusive right to use the reserved name, preventing any other entity from using the same or similar name within Puerto Rico's jurisdiction. Before starting the application process, it is advisable to conduct a thorough name availability search to ensure that the desired name is not already in use or too similar to an existing entity's name. Additionally, businesses must comply with all applicable laws and regulations related to reserving and renewing corporate names in Puerto Rico. By promptly submitting the Puerto Rico Application for Renewal of Reservation of Corporate Name, companies can ensure the continued protection and exclusivity of their chosen business name, reinforcing their brand identity and protecting against potential confusion in the market.
Puerto Rico Application for Renewal of Reservation of Corporate Name
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How to fill out Puerto Rico Application For Renewal Of Reservation Of Corporate Name?
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FAQ
A Fictitious Business Name (FBN) Statement is a public record intended to make available to the public the identities of persons doing business under the FBN.
A Puerto Rico DBA (doing business as), or trade name, is like an alias for your business. Every business has a legal business name, and a DBA simply allows a business to use a different name to operate. Whether your business is a billion dollar corporation or a sole proprietorship, you can register a DBA.
What's required to register a foreign corporation in Puerto Rico? $150 filing fee ($250 if filing online or in person) Certificate of Good Standing from your home state. Internet access (the best and easiest way to file in Puerto Rico is on the Department of State's website)
You need a fictitious business name in California to protect your privacy. For some, exposing their name in public is not a big deal. However, business owners who do not want their legal names exposed find operating under a fictitious business name valuable.
If you're a sole proprietor, your business's legal name is your first and last name. Either way, if you want to do business under a name other than your legal business name, you're required by Puerto Rico law to file a DBA.
To register an assumed business name in Puerto Rico, you must file a Trade Name Application with the Department of State and pay the $150 fee. Learn more about how to get a trade name in Puerto Rico.
Annual reports must be filed electronically by accessing the Department of State website at .estado.pr.gov. A $150 annual fee is payable when filing the report. The payment method is a major credit card or any other method provided at the Department of State website.
