How long can a corporate name be reserved prior to incorporation in Arkansas?

Prepare for the Arkansas Contractor Business and Law Exam. Study with flashcards and multiple choice questions. Each question comes with hints and explanations. Ace your exam confidently!

In Arkansas, a corporate name can be reserved for a period of 120 days prior to incorporation. This reservation process allows individuals or businesses to secure a specific name for their corporation before officially filing the articles of incorporation with the Secretary of State. Reserving a name is crucial for preventing others from using the same name during that period, ensuring that the intended business can operate under a chosen name without conflict.

The reservation is typically initiated through a formal request and may require a nominal fee. Understanding this process is essential for future business owners to ensure that their corporate identity is protected during the formation stages. The longer reservation period compared to other states provides flexibility in planning and launching the corporation.

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