Proof of Business Existence: What it is and How to Obtain it

You may have heard the phrase “proof of business existence” before if you are a business owner. But what is it exactly, and why is it significant? A document that certifies that your company is legitimately registered and conducting business is known as a proof of business existence. It is frequently necessary for a number of business procedures, like opening a bank account or requesting a loan.

1. Certificate of Incorporation: This legal document attests to the incorporation and state registration of your company. It normally contains details like the business’s name, address, and incorporation date.

2. Certificate of Good Standing: This document attests to the fact that your company has paid all necessary taxes and filings on time, and that it is in good standing with the state. When making a loan or contract application, it is frequently necessary.

3. A business license is a permission that enables you to lawfully run your enterprise in a certain area. It normally contains details like your company name, address, and line of business. The procedure is quite simple if you want to get a certificate of good standing in Delaware. You can submit an application by mail or online through the Delaware Division of Corporations website. A certificate of good standing costs $50, and processing periods differ depending on how the application is submitted.

You must register for a login and password on the Delaware Division of Corporations website before you can apply online. After logging in, choose “Certificates” from the menu, then “Certificate of Good Standing”. Then, you will be asked to provide your payment information and business information. Your certificate will be electronically issued once your money has been received and processed.

You can obtain a request form from the Delaware Division of Corporations website if you’d rather submit your application by mail. Complete the form, then mail it to the address provided on the form along with a check for the application fee. Applications submitted by mail often take longer to process than those submitted online.

In conclusion, a certificate of business existence is a crucial document that proves your company is legitimately running. There may be several forms of documentation that can be used as evidence of business existence, depending on the state where your firm is registered. In Delaware, obtaining a certificate of good standing is a straightforward procedure that can be completed online or by mail. You can make sure you always have the proof of business existence you need for different business transactions by keeping your business current with the necessary filings and taxes.