Certificate of Compliance vs. Good Standing: What’s the Difference and How to Get Them in Alabama, Georgia, and Arkansas?

You may be familiar with certificates of compliance and good standing if you own a business in Alabama, Georgia, or Arkansas. These are the records that prove your company is legitimate and in good standing with the state. Despite having a comparable function, there are some significant variations between the two. The definitions of a certificate of conformity and a certificate of good standing, as well as how to obtain each in each of these states, are covered in this page. A Certificate of Compliance is what, exactly? A certificate of compliance is a record attesting to your company’s compliance with all applicable state laws and rules. It demonstrates that you have submitted all relevant paperwork and paid all necessary fees in order to conduct your business in the state. The certificate of existence is another name for the certificate of compliance in Alabama. Before doing business with your company, many lenders and other organizations demand it. How Much Does an Alabama Certificate of Existence Cost? A certificate of existence costs $28 in Alabama. The certificate will be provided to you in 3-5 business days after the fee has been paid, either online or by mail. In Alabama, how do I register a business? You must submit the proper paperwork to the Alabama Secretary of State’s office in order to register a business there. For corporations, this entails filing articles of incorporation, whereas for LLCs, it entails filing articles of organization, among other documents. Additionally, you must pay the necessary filing fees. What does a Certificate of Good Standing entail? A certificate of good standing is a record that attests to the legitimacy of your company with the state. It certifies that your company has not been administratively dissolved or cancelled and that it has made all necessary filings and tax payments on time. Banks, investors, and other businesses frequently demand it before doing business with your company. How Do I Obtain an Existence Certificate in Georgia? A certificate of existence is sometimes referred to as a certificate of good standing in Georgia. You must submit an application and pay a $10 fee to the Georgia Secretary of State’s office in order to receive one. Within 3-5 business days, the certificate will be delivered to you. How Can I Obtain an Arkansas Certificate of Good Standing? A certificate of good standing can be obtained in Arkansas through the Secretary of State’s office. You need to submit an application and pay a $10 charge. You will receive the certificate in a few days.

Despite having similar functions, certificates of compliance and good standing are distinct papers that may be needed by various organizations. It is crucial to understand the prerequisites for receiving these certificates and how they can help your business if you own a company in Alabama, Georgia, or Arkansas.