Parasec Pro Tip: The Importance of a Name Reservation

One of the most common reasons formation documents get rejected by the state is that the entity name provided is the same as or too similar to an existing name on record with that state. To avoid this simple problem, we recommend that you check the name availability before submitting the articles for filing and, if available, reserve the business name so it can’t be utilized by someone else while you are preparing your articles for filing. If you skip this simple step and submit the articles without reserving a business name, the articles could be rejected—costing you both time and money. So, while reserving a corporate name with the state is not a requirement, we strongly recommend it. If you need assistance, please give us a call at 800.533.7272—our specialists are here to help!