Virgin Islands Application for Renewal of Reservation of Corporate Name

State:
Multi-State
Control #:
US-1054BG
Format:
Word; 
Rich Text
Instant download

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.

The Virgin Islands Application for Renewal of Reservation of Corporate Name is a legal document that allows businesses in the Virgin Islands to extend the reservation of their corporate name for a specific period. This process is vital for businesses that want to maintain exclusive rights to their chosen name. To start the Virgin Islands Application for Renewal of Reservation of Corporate Name, the business must have previously reserved the desired name and must ensure that it is still available for renewal. This application can be found on the official website of the Virgin Islands Division of Corporations and Trademarks. When filling out the application, businesses should provide accurate and up-to-date information, including the name of the corporation, the reservation number, and the dates of the existing reservation. It is essential to carefully review all the information before submitting the application to prevent any errors or discrepancies. The Virgin Islands Application for Renewal of Reservation of Corporate Name requires a filing fee, which can vary. Businesses should check the official website for the most current fee schedule. Payment can be made by check or money order, and it should be included with the application form. It is crucial for businesses to submit the Virgin Islands Application for Renewal of Reservation of Corporate Name well before the expiration date of the initial reservation. Late submissions may result in the loss of the reservation, allowing other entities to potentially claim the name. Therefore, businesses need to be aware of the renewal deadlines and plan accordingly to avoid any complications. Different types of Virgin Islands Application for Renewal of Reservation of Corporate Name may exist based on the specific requirements for different types of businesses. For instance, there may be separate applications for limited liability companies (LCS), partnerships, or non-profit organizations. It is essential for businesses to accurately identify their entity type and file the relevant application. In summary, the Virgin Islands Application for Renewal of Reservation of Corporate Name is a crucial legal document for businesses operating in the Virgin Islands. By renewing the reservation, businesses can protect their chosen name and maintain exclusive rights to it. Careful attention to detail, accurate information, and timely submission are vital throughout this process to ensure a successful renewal.

How to fill out Virgin Islands Application For Renewal Of Reservation Of Corporate Name?

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FAQ

To start a business in the U.S. Virgin Islands you will need to obtain a business license from the Department of Licensing and Consumer Affairs (DLCA). DLCA will complete the "One Step" review process with the following government agencies: Police Department. VI Bureau of Internal Revenue (tax clearance)

The U.S. Virgin Islands are an organized, unincorporated United States territory. Although those born on the islands are U.S. citizens, U.S. Virgin Islanders residing in the territory are ineligible to vote for the president of the United States.

Any trademark to be registered in the USVI must already be fully registered in the United States. For any application in the USVI, the applicant must provide to the USVI Division of Corporations and Trademarks a Certified copy of the corresponding United States Certificate of Registration.

US Virgin Islands is not a tax haven or offshore jurisdiction, but USVI companies (or corporations) could be established as "USVI Exempt Companies" with partial or full exemption from local and US federal income taxes.

A British Virgin Islands International Business Company is exempt from all local taxes, stamp duty, there is no capital gains, no inheritance tax, no sales tax and no VAT. If you are looking to maximise your profits, BVI could be a very good place for you to start your business.

Requirements for Incorporation in the U.S. Virgin Islands. Corporations in the U.S. Virgin Islands are formed by three incorporators who are responsible for electing the company's directors. There is a minimum requirement of one director for every shareholder of the corporation if there are three or fewer shareholders.

Annual license fees typically range from $50 to $1000 depending on the type of business. 1. Register your trade name and/or corporate entity with the Corporate and Trade Name Division of the Office of the Lieutenant Governor. Applicants may be required by DLCA to submit a copy of their articles of incorporation.

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A business or trade name registration is application submitted to the division for ownership. A reservation is not a registration. What is the renewal ... The applicant must comply with all the requirements associated with the specific license requested, and must provide all the verified documentation deemed ...Apply for or Renew a Business License · BUSINESS LICENSE TERMINATION FORM. In addition to a completed Application for U.S. Virgin Islands Business License, the ... If the registration is to be renewed the only documentation required is a certified copy of the US Renewal Certificate. It usually takes between 1-4 weeks for ... Download, edit, auto-fill multiple forms at once in MS Word using our Forms Workflow Ribbon. Trusted by 1,000s of Attorneys and Legal Professionals. Description. Apr 27, 2023 — To form one of these types of USVI corporations, articles of incorporation must be drafted and filed through Catalyst, an online business ... Applicant Name and Address: Specify the name of the person for whom the reservation is made. If the name is being reserved by an existing corporation, limited ... Nov 14, 2014 — application for registration of a trade name - United States Virgin ... All trade name registrations must be renewed bi-annually (every two (2) years), on the anniversary of original registration, at a fee of $50.00. Failure to do ... BBVI can search and register trade names for companies or individuals and notify you on an ongoing basis as to renewal deadlines and fees. Resident Agent.

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Virgin Islands Application for Renewal of Reservation of Corporate Name