Do you have the perfect name idea for a new business entity in the state of New Jersey, but you’re not quite ready to form your company?
New Jersey allows you to reserve a business name until you’re prepared for the business formation process, but how does the reservation process work and how long will the state reserve the name for you? In this guide, we’ll run down all the important details of reserving a business name in New Jersey.
How to Reserve a Business Name in New Jersey
The first step is to determine if your desired business name is even available in New Jersey to begin with. The New Jersey Division of Revenue and Enterprise Services provides a business name search tool to check existing business names in the state. You can access the tool right here. Once you’ve determined the availability of your desired name, you can begin the process of reserving it with the state.
New Jersey does not offer online name reservations, so you will need to file the paper form by mail. The Application for Reservation of Name must be filed (in duplicate) with the New Jersey Division of Revenue and Enterprise Services. This application requires the following information: NJ Division of Revenue P.O. Box 308
Trenton, NJ 08646
In addition to the completed form, you will need to include a $50 check made payable to the “Treasurer, State of New Jersey.” Then, you can send the application (in duplicate) and the check to this address:
NJ Division of Revenue P.O. Box 308 Trenton, NJ 08646
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How Long Is My Business Name Reserved For?
When the Division of Revenue processes your name reservation, the name will be protected for a period of 120 days. If you still need more time to form your business, you can renew the reservation by filing the Application for Renewal of Name Reservation. You can download the form here. This will reserve your business name for an additional 120-day period, and will also require payment of a $50 filing fee.
Just because you aren’t ready to form your New Jersey business entity doesn’t mean you can’t lock down your desired business name.
The process to reserve a business name in New Jersey is simple, but it does require a $50 filing fee, which is higher than the fee in most other states.