You might be asking whether you require a Certificate of Existence for your Limited Liability Company (LLC) if you own a business in Washington state and have founded an LLC. Indeed, you will eventually require one. The Certificate of Existence, sometimes called a Certificate of Good Standing, is a crucial document that attests to the fact that your LLC is a validly registered business in the state of Washington.
LLCs must submit an Annual Report to the state of Washington every year by the anniversary of the LLC’s incorporation. A Certificate of Existence will be issued by the state following the submission of the Annual Report. This certificate attests that the LLC is in compliance with all legal requirements and that it is in good standing with the state.
When conducting business with an LLC, banks, lenders, and other organizations frequently want the Certificate of Existence. It is evidence that the LLC is a real company and has complied with all legal criteria to do business in the state of Washington. Your LLC might not be able to open a bank account, get a loan, or carry out other crucial business transactions without a Certificate of Existence. You can seek a copy of your Washington state Certificate of Formation from the Washington Secretary of State if you require one. There is a charge for getting a copy of the certificate, and the request can be made online or by mail. If you require the certificate for a certain commercial transaction, you must prepare properly as the process could take several weeks.
In conclusion, it is crucial to obtain a Certificate of Existence if you are a business owner who has formed an LLC in the state of Washington in order to make sure that your company can carry out necessary business transactions. Additionally, you can get a copy of your Washington state Certificate of Formation by asking the Secretary of State for one. To keep your LLC in good standing and receive your Certificate of Existence, keep in mind to file your annual report each year.