A legal document that attests to the existence and good standing of a business entity registered with the state is a certificate of good standing, also known as a certificate of status. Upon request from the business entity or its designated agent, the Secretary of State’s office in California issues a certificate of good standing. However, how long is a California certificate of good standing valid?
In relation to this, a certificate of good standing is a record that attests to an organization’s adherence to state regulations, payment of all required fees and taxes, and authorization to conduct business in the state. Banks, lenders, and other third parties frequently demand it as evidence that the company is reliable and reputable. A certificate of good standing confirms that the company is in good standing with the state rather than serving as a license to operate a business.
In relation to this, a certificate of status normally contains details such the business entity’s name, registration number, founding date, and present status. Additionally, it shows whether the company is in violation of any state regulations, has any unpaid tax debts, judgments, or liens. When a company wishes to register or become eligible to conduct business in another state or country, a certificate of status is sometimes needed.
Additionally, an LLC’s current status indicates that it is in good standing with the state and has business permission. If an LLC has submitted all appropriate paperwork, paid all due fees and taxes, and is in compliance with all state requirements, it is said to be in active status. An LLC must be in an active position in order to do business, maintain liability protection, and stay out of trouble.
How may I obtain a California certificate of good standing? A corporate entity or its designated representative must make a request to the Secretary of State’s office in order to get a certificate of good standing in California. The request must include the name of the business entity, its registration number, and the necessary fee. It can be submitted online, via mail, or in person. For corporations and LLCs, the cost for a certificate of status in California is $5 and $9, respectively. After receiving the request, the certificate of good standing will be provided within 24 hours.
A certificate of good standing, which proves that a company entity complies with state laws and regulations, is an important document. A certificate of good standing in California is good for 90 days after the date of issuance. If the business entity wants to continue using the certificate as evidence of its good standing after then, a new certificate must be issued.