Alaska LLC Name Reservation: Secure a Business Name
Your company name is important. It’s your first impression, and it’s how people will remember you. You don’t want to be the business with a forgettable name. So, when you’ve got that perfect name in mind, that clever alliteration or meaningful acronym, you might think about reserving it before someone else does.
Naming your company is one of the first official steps when starting an LLC in Alaska. In certain situations, it may be necessary to reserve a business name while you’re preparing to bring your business idea to life.
In this article, we’ll explain when reserving a business name is necessary and guide you through all the steps involved.
Are You Required to Reserve a Business Name?
If you’re looking to lock down your LLC name in Alaska, you can do so by reserving it, but you’re under no obligation to do so. In some states, you must reserve a name before forming your business, but not in Alaska. So, if you’re ready to start your LLC, you can claim your name at the same time by filing your Articles of Organization.
Should You Reserve Your LLC Name?
Maybe it took you sleepless nights of brainstorming, or maybe you thought of it while sitting at a traffic light. No matter how you came up with your memorable LLC name, you’ll want to make sure that it’s available and ready to use when you file your Alaska LLC registration.
You have the option to reserve your LLC name, but it’ll cost you a $25 fee. Overall, it’s cheaper to skip this fee and simply start your business, which will lock in your name.
However, there are cases where you may not be ready to officially start your business. Filing an application to reserve your business name gives you “dibs” and ensures that competitors aren’t able to snag it while you’re preparing for launch.
If your business name is unique, including unusual spellings or characters and/or family names, it may not be necessary to reserve a Alaska business name ahead of time. Plus, paying the extra state fee to reserve your business name could be a waste of resources if you’re planning to launch your business soon after.
How Long Does a Alaska Business Name Reservation Last?
Anyone planning to do business within the state of Alaska can reserve an entity name. Filing your name registration prevents another entity from using that name to conduct business in the state during the time of your hold. An entity name reservation in the state of Alaska lasts 120 days and you can renew it, but only twice, so be careful not to reserve your name more than a year before you’re ready to launch your business, or you might run out of renewals. To keep that reservation going strong after 120 days, you must file a “Business Name Reservation Renewal” form another $25 fee.
There’s no option to file your renewal online, so you’ll have to mail it to the address listed below. The Alaska Department of Commerce, Community, and Economic Development typically takes 10-15 days to process mailed documents, so make sure you send it well enough ahead of your reservation expiration date.
If you’ve decided against a particular LLC name, you can withdraw your reservation at any time by submitting a notice to cancel that includes the entity number from the Certificate of Reservation.
How do I Reserve a Business Name in Alaska?
Got a name in mind? Perfect. Follow these steps to reserve it.
The Alaska Department of Commerce, Community, and Economic Development is going to have a lot of good information for you as you go along.
Before submitting your application to reserve your business name, you first need to check name availability. If you’re worried that your desired name might already be in use, you can check by searching for it on the state of Alaska’s “Corporations Database.” While this database is comprehensive, the Alaska Department of Commerce, Community, and Economic Development encourages all future business owners to also search “business license records; corporations records; professional license records; telephone directories; trade magazines; trademark records; and catalogs.”
Don’t forget that you also need to comply with other business entity name restrictions from the state of Alaska (find them all here). All good? Then check to see if your LLC name is available. If it is, let out a sigh of relief—you’re ready to reserve it.
Okay, so your name is available. But the fun is just getting started. It’s time to actually reserve your name, and you have a couple options for how to do it.
Filing online is the simplest and fastest way to get this done. You just need to input your company name, physical and mailing addresses, and owner information, and online submissions are processed immediately. Find the online name reservation form with detailed instructions here. Unfortunately, the Alaska Department of Commerce website only accepts Visa and Mastercard for credit card payments. If you have one of those, great! If not, that’s okay too, keep reading for mailing instructions.
To file by postal mail, just download and complete the Business Name Reservation Application and mail it, with your $25 payment, to:
Department of Commerce, Community, and Economic Development
Division of Corporations, Business and Professional Licensing
PO Box 110806
Juneau, AK 99811
You may not email your form. Emailed forms will be deemed invalid.
One other important note: when reserving your business name, you will likely want to include your corporate indicator (L.L.C. or LLC). After all, Alaska requires it as part of your business name, right? But for the purposes of a name reservation, don’t include it. This will indicate to the state that your company has already launched. You will include the corporate indicator in your LLC name when you officially register.
Wrapping up and Choosing the Best Route
Your LLC name is an important part of the business. If you’re not ready to launch your business, but you’ve got a perfect name and you think someone else might claim it, consider reserving it.
However if your business is ready for takeoff, use our comprehensive guide to forming an LLC in Alaska to get started instead. This way, rather than paying an additional $25 for the name reservation application, you’ll only pay the one-time $250 Alaska LLC formation fee to claim your name and form the LLC at the same time. $25 isn’t a fortune by any means, but this will at least save you the hassle of reserving a name and registering an LLC separately.
Save Time by Using a Professional LLC Service
As a business owner, you have a lot to think about. Pile on the responsibility of handling state correspondence, tax information, and more while keeping your LLC compliant, and you’ve got yourself a pretty full plate. Sometimes the best move is to let someone else take care of the paperwork for you. This way, you can sleep easy knowing you’ll never miss a deadline or compliance requirement with the state of Alaska.
While LegalZoom is by far the most well-known LLC formation service and has decent overall value, we highly recommend looking into IncFile or Northwest Registered Agent. We’ve done the research so you don’t have to, and these two are reliable, professional, and efficient.
We compiled our meticulous research into thorough comparison guides for you to use. Take a look if you’re considering a professional LLC service. It’s well worth your time.