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This document facilitates the transfer of a reserved name for a limited liability company in the state of Maine, outlining the application details and processing requirements.
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How to fill out transfer of reserved name

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How to fill out Transfer of Reserved Name

01
Obtain the Transfer of Reserved Name form from the appropriate authority's website or office.
02
Fill in the required details such as the current name holder's information and the new name holder's information.
03
Specify the reserved name that is being transferred.
04
Sign the form where indicated, ensuring both parties (current and new holder) provide their signatures.
05
Attach any necessary supporting documents as required by the authority.
06
Submit the completed form and supporting documents to the relevant authority, either electronically or in person.
07
Pay any applicable fees associated with the transfer.

Who needs Transfer of Reserved Name?

01
Businesses or individuals who have a reserved name and wish to transfer it to another party.
02
Anyone who has legally reserved a name but is no longer able to use it and wants to assign it to someone else.
03
Entrepreneurs who acquired a business name but want to transfer it to another entrepreneur or entity.
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People Also Ask about

Reserved names refer to domain names, business names, or other identifiers that are set aside and restricted from general registration or use.
Transfer of Reserved Name Only a person under which the name has been reserved can transfer the reserved name to the other person by filing a signed notice of the transfer together with the prescribed fee.
HOW CAN I RESERVE A BUSINESS ENTITY NAME? A person may reserve the exclusive use of an available business entity name for a period of 120 days by filing an application with the Commission, which includes paying a filing fee of $10.
How long does it take to reserve a name? A name reservation takes 1-2 working days.
For example, consider that an entrepreneur named Lola wants to do business in California. She chooses the name “Surf Services” and wants to form a limited liability company (LLC). Lola's first step will be to complete a California business search to ensure that the name “Surf Services LLC” is available.

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Transfer of Reserved Name refers to the process of transferring the rights to a name that has been reserved for a specific purpose, typically in the context of business entities, from one party to another.
Typically, individuals or entities who hold a reserved name and wish to transfer it to another party are required to file a Transfer of Reserved Name.
To fill out a Transfer of Reserved Name, one must complete the relevant form provided by the authority, including the names of the transferor and transferee, the reserved name, and any supporting documentation as required by the regulations.
The purpose of the Transfer of Reserved Name is to officially document the change of ownership of a reserved name, ensuring that the new owner has the legal right to use that name in their business activities.
The Transfer of Reserved Name must report the names and addresses of both the transferor and transferee, the reserved name being transferred, the date of the transfer, and any relevant signatures or approvals.
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