Profit Corporation Application for Reservation of Corporate Name is a legal document that was released by the Wyoming Secretary of State - a government authority operating within Wyoming.
Q: What is a Profit Corporation?
A: A profit corporation is a legal entity formed in order to conduct business and generate profits for its owners or shareholders.
Q: What is an Application for Reservation of Corporate Name?
A: An Application for Reservation of Corporate Name is a request to reserve a specific name for a profit corporation before it is officially formed.
Q: Why would a profit corporation want to reserve a name?
A: A profit corporation may want to reserve a name in order to secure a specific business name for future use and prevent others from using it.
Q: How does the process of reserving a name for a profit corporation work?
A: To reserve a name, the profit corporation files an Application for Reservation of Corporate Name with the state government, specifying the desired name and paying the required fee.
Q: How long does the name reservation last?
A: In Wyoming, the name reservation for a profit corporation lasts for 120 days.
Q: Can the reservation be extended?
A: Yes, the name reservation can be extended for an additional 120 days by filing a request for an extension and paying the required fee.
Q: What happens if another profit corporation chooses the same name during the reservation period?
A: If another profit corporation files articles of incorporation using the reserved name or a name that is substantially identical or deceptively similar, the reservation holder may object and prevent the use of that name.
Q: What should I do after reserving a name for a profit corporation?
A: After reserving a name, you should proceed with forming the profit corporation by filing the articles of incorporation with the state government and complying with other legal requirements.
Q: What is the fee for reserving a name?
A: The fee for reserving a name for a profit corporation in Wyoming is $50.
Form Details:
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the Wyoming Secretary of State.