Do you have the perfect name idea for a new business entity in the state of Alabama, but you’re not quite ready to form your company?
Alabama allows you to reserve a business name until you’re prepared for the business formation process, but how does the reservation process work and how long will the state reserve the name for you? In this guide, we’ll run down all the important details of reserving a business name in Alabama.
Rocket Tip: If you’d rather officially incorporate in Alabama rather than file the extra paperwork to register a business name, there are many good incorporation services that can do it for you.
How to Reserve a Business Name in Alabama
The first step is to determine if your desired business name is even available in Alabama to begin with. You can easily check state records to see if your name is already in use via the Secretary of State’s business entity search tool. Once you’ve determined the availability of your desired name, you can begin the process of reserving it with the state.
Like many Alabama business filings, you can either submit a name reservation request online or print out the Name Reservation Request Form and submit it by mail. For both filing methods, you will need to provide the following information: Business Entities Division P.O. Box 5616
Montgomery, Alabama 36103
Once you’re finished filling out this form, you can either pay $10 by mail or $28 for online filing. In either case, you can pay by credit card or check made payable to the “Office of the Secretary of State.” If you’re filing by mail, you can send the completed reservation form to the following address:
Business Entities Division P.O. Box 5616 Montgomery, Alabama 36103
How Long Is My Business Name Reserved For?
Once you submit your Name Reservation Request Form, the state of Alabama will reserve your business name for up to one year. If you’re still not ready to form your business entity at the end of the reservation period, you may submit a renewal request for an additional one year reservation. Each time you renew your name reservation, you will need to pay an additional processing fee of either $10 (by mail) or $28 (online).
Just because you aren’t ready to form your Alabama business entity doesn’t mean you can’t lock down your desired business name.
If the name you want is available today, there’s no reason to wait until you form your business to reserve it for your exclusive use. After all, the name reservation lasts for an entire year (and can even be renewed if necessary), giving you plenty of time to organize your business. The forms are relatively simple and straightforward, and the fees are affordable, so you should definitely reserve your business name today.