Arizona Contractors License Practice Exam

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Prepare for the Arizona Contractors License Exam. Practice with interactive quizzes, flashcards, and detailed answer explanations. Pass your test with confidence!

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For how many days can a corporate name be reserved with the corporation commission?

90 days
120 days
150 days
180 days

The correct answer is: 120 days

The reservation of a corporate name with the Arizona Corporation Commission can be done for a period of 120 days. This allows entities time to prepare and finalize their incorporation filings and ensures that the desired name is not taken by another organization during this process. Holding a corporate name reservation is an important step for businesses to secure their identity as they proceed with the necessary bureaucratic steps to officially form their corporation. The other durations provided do not align with the regulations set by the Arizona Corporation Commission. These timeframes, while they may seem reasonable, do not correspond to the established rules for name reservations in Arizona. Thus, reserving a name specifically for 120 days aligns with the legal framework and provides businesses with the appropriate window to act on their incorporation plans.