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Senate committee approves bill to simplify business name-availability rules

INSURANCE & COMMERCE - SENATE · February 21, 2023
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

A Senate Insurance & Commerce committee passed SB205 after hearing from a filer who said the Secretary of State—s 28-factor test causes repeated rejections. The bill narrows name-comparison factors to five categories to speed filings; no opposition spoke and the measure passed by voice vote.

Senate members voted to advance a bill aimed at simplifying how the Secretary of State determines whether a business name is available. Senator Penzo opened the presentation and introduced Casper Huber of Rismore Pentograph, who said the current process and a 28-factor test on the Secretary of State—s website produce repeated rejections and delays for filers.

"We file and wait 3 to 5 days and receive a rejection, and then refile with a different name, wait 3…

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