Do you have the perfect name idea for a new business entity in the state of Colorado, but you’re not quite ready to form your company?
Colorado 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 Colorado.
Rocket Tip: If you’d rather officially incorporate in Colorado 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 Colorado
The first step is to determine if your desired business name is even available in Colorado to begin with. The state has a convenient business database search tool available on the Secretary of State’s website, which you can access here at any time. Once you’ve determined the availability of your desired name, you can begin the process of reserving it with the state.
You can easily file the Statement of Reservation of Name online at this link. For more detailed instructions on filing this form, you can consult the Secretary of State’s helpful guide. The form is easy to fill out and will require the following information:
Once you’re finished filling out this form, you will need to pay a $25 processing fee before submitting your name reservation.
How Long Is My Business Name Reserved For?
Once you submit your Statement of Reservation of Name, the state of Colorado will reserve your business name for a period of 120 days. If you’re still not ready to form your business entity at the end of that 120-day period, you can file the Statement of Renewal of Reservation of Name. You can learn more about the renewal process here.
Conclusion
Just because you aren’t ready to form your Colorado business entity doesn’t mean you can’t lock down your desired business name.
If the name you want is available, there’s no reason to wait until you form your business to reserve it for your exclusive use. The required form is easy to fill out and submit online, and the filing fee is quite affordable, so you should reserve your name today.