A Certificate of Good Standing is a formal record that attests to the legitimacy and observance of state laws of a company concern. It is frequently necessary for a number of things, including getting loans, renewing licenses, and submitting bids for contracts. If you own a business in Arizona, you might be curious in how long it takes for the state to issue you a Certificate of Good Standing.
The Arizona Corporation Commission (ACC), the organization in charge of granting the certificate, has the answer that it depends on processing time. The typical processing period for a Certificate of Good Standing is 10 business days, according to the ACC’s website. However, this time limit may change based on the agency’s workload and the application’s correctness.
You must send a paper application by mail or submit an online application through the eCorp website in order to request a Certificate of Good Standing from the ACC. The application must include the requester’s name and address, the date and state of incorporation, the name and type of the business entity, and its name and type. For online applications, the certificate costs $45; for paper applications, it costs $10.
You can pay an extra $35 for expedited processing if you require the Certificate of Good Standing right away. Only online applications are eligible for this option, which cuts the processing time in half to 24 hours. However, expedited processing does not ensure that the certificate will be issued and could still be subject to further review or verification.
In conclusion, it takes 10 business days for conventional processing and 24 hours for expedited processing to obtain an Arizona Certificate of Good Standing. It is advised to submit a full and thorough application and, if necessary, to follow up with the ACC’s customer service in order to ensure a prompt and proper issue of the certificate.
The Washington Secretary of State’s office issues a Certificate of Existence (COE), which is comparable to a Certificate of Good Standing in other jurisdictions. It attests to a business entity’s proper registration, authorization, and compliance with all relevant laws and regulations in the state of Washington.
A COE is sometimes needed for a number of things, including receiving finance, signing contracts, and registering to conduct business in other states. For online applications, the processing period for a COE in Washington State normally takes 1-2 business days, whereas paper applications take 3-5 business days. For online applications, the cost for a COE is $20; for paper applications, the cost is $30.
A physical or online application that specifies the name and type of the business entity, the date and state of formation, and the requester’s name and address must be submitted in order to request a COE in Washington State. The cost and any supporting documentation needed for the particular purpose of the COE should also be included with the application.
Finally, a Certificate of Good Standing in Arizona and a Certificate of Existence in Washington State are similar legal records attesting to the legal standing and observance of a business entity with respect to state laws. Both of these documents are necessary for carrying out business operations and establishing credibility with stakeholders; however, the processing time and expenses may differ based on the state and the type of application.