Do you have the perfect name idea for a new business entity in the state of Idaho, but you’re not quite ready to form your company?
Idaho 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 Idaho.
Rocket Tip: If you’d rather officially incorporate in Idaho 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 Idaho
The first step is to determine if your desired business name is even available in Idaho to begin with. You can do this by conducting a business entity search on the Idaho Secretary of State’s website. The search tool is available at this link. Once you’ve determined the availability of your desired name, you can begin the process of reserving it with the state.
To reserve your business name, you must file the Application for Reservation of Legal Entity Name with the Secretary of State’s office. This form can be filed online here. The filing fee is $20 and you will need to provide the following information:
Once you provide your payment information and click “Submit,” the filing process is finished.
How Long Is My Business Name Reserved For?
In Idaho, name reservations last for 120 days from the date you submit your application. There is no renewal process in Idaho, however, if you still need more time to form your business, you can file a new Application for Reservation of Legal Entity Name and pay the filing fee again.
Just because you aren’t ready to form your Idaho business entity doesn’t mean you can’t lock down your desired business name.
Since it only costs $20 and the reservation lats for 4 months, it is probably a good idea to reserve your name as soon as possible. This way, no one else can claim your desired name while you prepare to form your business.