Do you have the perfect name idea for a new business entity in the state of Arizona, but you’re not quite ready to form your company?
Arizona 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 Arizona.
How to Reserve a Business Name in Arizona
The first step is to determine if your desired business name is even available in Arizona to begin with. You can easily search for existing names using the 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.
In Arizona, you can file to reserve your business name by mail or online. The base processing fee is $10 (plus an expedited service fee of $35 for online filing). In either case, you will need to provide the following information: Arizona Corporation Commission Corporate Filings Section
1300 W. Washington St.
Phoenix, Arizona 85007
If you’re filing online, you will also need to provide payment information. However, if you are filing your name reservation by mail, you will need to include a check for $10 made payable to the “Arizona Corporation Commission.” Then, you must mail the form and the check to the following address:
Arizona Corporation Commission Corporate Filings Section 1300 W. Washington St. Phoenix, Arizona 85007
How Long Is My Business Name Reserved For?
Once you submit your name reservation form, the state of Arizona will reserve your business name for a period of 120 days. In order to make use of the name for your business, you should file the formation paperwork before the reservation period ends, as name reservations cannot be renewed in Arizona.
Just because you aren’t ready to form your Arizona 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. The required form is easily filled out with your basic information, and the filing fee is quite affordable, so you should reserve your name today. However, since name reservations cannot be renewed, you should only reserve the name if you will be able to form your business within the 120 day period.