The filing fee for corporations and limited liability companies (LLCs) is $30 if done by mail and $25 if done online. The filing fee for non-profit corporations is $25 if done by mail and $20 online. It is crucial to remember that failing to provide a statement of information may subject your business to fines and perhaps suspension.
It is crucial to make it clear that the statement of information and the articles of incorporation are two different documents. The statement of information updates the state about the company’s information, whereas the articles of incorporation are the legal instrument that establishes the corporation or LLC. The statement of information must be filed annually, although the articles of incorporation must be filed just once.
A certificate of good standing need not be provided when filing the statement of information in light of this. However, acquiring a loan or signing contracts with other businesses may necessitate the need for a certificate of good standing.
A bank letter of good standing is a letter that attests to a company’s sound financial position. It is frequently necessary when opening a new bank account or while making a loan application. The state’s rules for submitting a statement of information are unrelated to this text.
A certificate of good standing serves as evidence that the business is in good standing with the state and has complied with all legal requirements, and is necessary for a number of purposes, including getting loans, opening bank accounts, and entering into contracts with other firms.
In conclusion, depending on the company type and filing method, a statement of information in California can be filed for $20 to $30. Although it is not essential, a certificate of good standing may be needed for additional purposes after the statement of information has been filed. A certificate of good standing demonstrates that the company has complied with all legal requirements and is in good standing with the state.