Do you have the perfect name idea for a new business entity in the state of Wyoming, but you’re not quite ready to form your company?
Wyoming 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 Wyoming.
How to Reserve a Business Name in Wyoming
The first step is to determine if your desired business name is even available in Wyoming to begin with. The state has a convenient business name search tool available on the Secretary of State’s website, which you can access here at any time. Once you’ve determined the availability of your desired name, you can begin the process of reserving it with the state.
Unlike many Wyoming business filings, you cannot submit a name reservation request online ― this request must be made in writing. The simple one-page form you’ll need to fill out to reserve your name is called a Application for Reservation of Corporate Name or a Limited Liability Company Application for Reservation of Name which can be acquired from the Secretary of State. You’ll need to fill out this document with the following information: Wyoming Secretary of State 2020 Carey Avenue, Suite 700
Cheyenne, WY 82002-0020
Once you’re finished filling out this form, you should write a check or a money order for $50 made payable to “Wyoming Secretary of State” and mail it with your completed reservation form to the following address:
Reserve Your Domain Name
Don’t forget to register your URL so that nobody can take or use it. With GoDaddy it is quick, easy and affordable.
How Long Is My Business Name Reserved For?
Once you submit your Application for Reservation of Name form, the state of Wyoming will reserve your business name for a period of 120 days. After that, your name will be available for others to use. Forming your business effectively ends your reservation by permanently assigning the name to your business. Once you’ve incorporated, no one else will be able to use it.
Conclusion
Just because you aren’t ready to form your Wyoming business entity doesn’t mean you can’t lock down your desired business name.
If the name you want is available now, there’s no reason to wait until you form your business to reserve it for your exclusive use. The required form is easily filled out with your basic information, and the filing fee is relatively affordable, so you should reserve your name today.