Do you have the perfect name idea for a new business entity in the state of Utah, but you’re not quite ready to form your company?
Utah 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 Utah.
How to Reserve a Business Name in Utah
The first step is to determine if your desired business name is even available in Utah to begin with. The state has a convenient business name 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.
In Utah, you can can make a name reservation online or using a paper form. The form itself, the Application for Reservation of Business Name, is just one page long. You’ll need to fill out this document with the following information: Utah Division of Corporations & Commercial Code PO Box 146705
Salt Lake City Utah 84114-6705
If you’d rather file online, you can do so with OneStop Business Registration. There is a $22 filing fee. If you file online, you can pay by credit card. Mail-in filings should use a check made payable to “State of Utah.” Then mail it with your completed reservation form to the following address:
Utah Division of Corporations & Commercial Code PO Box 146705 Salt Lake City Utah 84114-6705
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How Long Is My Business Name Reserved For?
Once you submit your Reservation or Renewal of Reserved Name form, the state of Utah 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 may submit a renewal request for an additional 120 days. To officially claim your now-reserved name, you’ll need to officially form your business. Only then will your name be completely and exclusively yours.
Just because you aren’t ready to form your Utah 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.