What is Name Reservation? Definition, requirements, and how it applies to your business formation. Learn everything about business name reservation for LLCs and corporations.
# Business Name Reservation
A name reservation is a state filing that temporarily holds a business name for a specified period (typically 60-120 days), preventing other entities from registering it while you prepare your formation documents. It does not create a business entity — it simply reserves the name for future use.
Name reservations are useful when you need time to draft operating agreements, secure funding, or coordinate multi-state filings. The reservation fee is typically $10-$50 and is separate from the formation filing fee.
Lovie can reserve your desired business name while you finalize formation details, ensuring it's not taken by another entity during your preparation period.