Registering a Corporate Name
Choosing a business name is one of the first steps in the process of forming your Illinois Corporation. The name that you choose:
- Must be distinguishable from any other registered Illinois business entity and any reserved names on record, subject to certain exceptions under state law;
- May not contain language stating or implying that the corporation is authorized to conduct business in insurance, assurance, indemnity, the acceptance of savings deposits, banking or as a corporate fiduciary unless authorized by the proper state agency;
- Must contain the word “trust”, “pawners” or “cooperative” if the corporation is engaged in such types of business;
- Must consist of letters or symbols capable of reproduction by the secretary of state; and
- Must be the name under which the corporation will transact business, unless it has elected an assumed name in compliance with Illinois law. Assumed corporate names must be periodically renewed by the secretary of state
United Agent Services allows you to choose up to 3 names, in order of preference. We will conduct a name check before filing to see which names are available.
In addition, the name must contain one of (or an abbreviation of) the following endings, or words or abbreviations of like import in another language:
Illinois state law restricts the use of certain words and phrases in business names. When you incorporate your Illinois corporation with United Agent Services, your business name choices are reviewed for compliance with applicable state laws.
Reserving a Corporate Name
In the event that you have chosen an available name but have not yet fully committed to it, you may put it on reserve. This allows you the exclusive right to use the name for a limited time. A person may apply to reserve a name for the purpose of incorporation by paying the fee. If the Secretary of State finds that the corporate name applied for is available, he or she shall reserve the name for the applicant’s use for a 90 day period, or until the secretary receives a written cancellation notice, whichever is sooner.