Corporate Name Reservation Process in Michigan

Corporate Name Reservation Process in Michigan

The corporate name reservation process in Michigan is an essential step for entrepreneurs looking to establish a business in the state. By reserving a corporate name, you ensure that your desired name is not taken by another entity, allowing you to build your brand identity with confidence.

To start the corporate name reservation process in Michigan, follow these key steps:

1. Name Availability Search

Before you reserve a name, it’s crucial to conduct a name availability search. This can be done through the Michigan Department of Licensing and Regulatory Affairs (LARA) website. You can check if your proposed name is currently registered or if there are any similar names that might lead to confusion.

2. Understanding Name Requirements

In Michigan, corporate names must adhere to certain guidelines. Ensure your name complies with the following requirements:

  • The name must include a corporate designation such as "Corporation," "Incorporated," or abbreviations like "Corp." or "Inc."
  • It should not contain words that imply a different business structure, like "LLC" or "Limited Liability Company."
  • The name must not be misleading or imply a connection to governmental units.

3. Complete the Name Reservation Application

Once you have verified that your desired name is available and meets all requirements, you can complete the name reservation application. This form can be obtained from the LARA website and submitted online or via mail. The application requires basic information, including:

  • Your desired corporate name
  • Your contact information
  • The purpose of the business

4. Pay the Reservation Fee

A nominal fee is associated with the name reservation process in Michigan. As of 2023, the fee to reserve a corporate name is $25. Payment can typically be made via credit card if submitting online or through a check if mailing the application.

5. Confirmation of Name Reservation

After submitting your application and payment, you will receive confirmation from LARA. This confirmation secures your name for a period of six months, during which time you can finalize your business formation steps.

6. Renewing Your Reservation

If you need more time beyond the initial six-month reservation period, you can renew your reservation by submitting another application and fee. Keep in mind that it’s essential to stay proactive about your reservation to avoid losing your desired name.

Conclusion

The corporate name reservation process in Michigan is an straightforward procedure that helps safeguard your business identity. By following these steps and adhering to the name requirements, you can effectively reserve a name that aligns with your brand vision. For more details, consider visiting the Michigan Department of Licensing and Regulatory Affairs website or consult with a business attorney to assist you in the process.