Application for Reservation of a Foreign Profit Corporate Name - New Mexico

Application for Reservation of a Foreign Profit Corporate Name is a legal document that was released by the New Mexico Secretary of State - a government authority operating within New Mexico.

FAQ

Q: What is a foreign profit corporate name?A: A foreign profit corporate name is the name of a corporation that is not incorporated in the state of New Mexico, but is seeking to do business in the state.

Q: Why would a corporation need to reserve a foreign profit corporate name?A: A corporation may need to reserve a foreign profit corporate name in order to protect its desired business name from being used by another entity.

Q: How can a corporation reserve a foreign profit corporate name in New Mexico?A: To reserve a foreign profit corporate name in New Mexico, the corporation must submit an application to the Secretary of State's office.

Q: What information is required in the application?A: The application requires information such as the desired name, the state or country of incorporation, and the address of the corporation.

Q: How long does the reservation last?A: The reservation of a foreign profit corporate name in New Mexico is valid for 120 days.

Q: Can the reservation be renewed?A: Yes, the reservation can be renewed for additional 120-day periods.

Q: What happens if another entity tries to use the reserved name during the reservation period?A: If another entity attempts to use the reserved name during the reservation period, the corporation that reserved the name will have priority and can take legal action to protect its rights.

Q: Can a corporation change its reserved name after the reservation is approved?A: No, once the reservation is approved, the corporation cannot change its reserved name. A new application would need to be submitted if a different name is desired.

Q: Is reserving a foreign profit corporate name the same as registering a business in New Mexico?A: No, reserving a foreign profit corporate name is not the same as registering a business in New Mexico. It is a separate process that only reserves the desired name for future use.