Application for Reservation of Name - Nonprofit Corporation - South Dakota

Application for Reservation of Name - Nonprofit Corporation is a legal document that was released by the South Dakota Secretary of State - a government authority operating within South Dakota.

FAQ

Q: What is a Reservation of Name for a Nonprofit Corporation in South Dakota?
A: A Reservation of Name is a formal request to reserve a specific name for a nonprofit corporation in South Dakota before it's officially incorporated.

Q: Why would I need to reserve a name for a nonprofit corporation?
A: Reserving a name ensures that no other entity can use the same name while you are in the process of incorporating your nonprofit corporation.

Q: How long does the name reservation last?
A: The name reservation in South Dakota is valid for 120 days from the date of approval.

Q: Can I extend the name reservation if I need more time?
A: No, the name reservation cannot be extended. If you need more time, you must file a new application and pay the required fee.

Q: Can I choose any name for my nonprofit corporation?
A: No, the name must comply with South Dakota's naming requirements and should not be identical or confusingly similar to existing entities.

Q: What is the fee for reserving a name for a nonprofit corporation?
A: The fee for reserving a name in South Dakota is $25.00.

Q: Can I reserve a name if I am not ready to incorporate my nonprofit corporation?
A: Yes, you can reserve a name even if you are not ready to incorporate your nonprofit corporation immediately.

Q: What happens if someone else reserves the same name?
A: If someone else reserves the same name before you, you will need to choose a different name for your nonprofit corporation.