A certificate of good standing, often called a certificate of existence or a certificate of authorisation, is a record that attests to the legal compliance and registration of your company. It shows that your business has submitted all relevant paperwork, paid all applicable fees and taxes, and been granted permission to conduct business in the state.
You can take the following actions to get a certificate of good standing in Delaware:
1. Verify the status of your business: Make sure your business is in good standing with the state before requesting a certificate of good standing. On the website of the Delaware Division of Corporations, you can look up the status of your business.
2. Submit a request: The Delaware Division of Corporations website allows you to submit a request for a certificate of good standing. The name of your business, your filing number, and your payment details must be provided.
4. Obtain your certificate: Following the completion of the processing of your request, your certificate of good standing will be mailed to you. For an extra charge, you can also ask for faster processing. Other States’ Certificate of Existence
A certificate of existence or authorization to conduct business in various states may be required if you are operating your business in those states. For instance, foreign corporations cannot conduct business in South Carolina without a certificate of existence. You can file a request to the South Carolina Secretary of State’s office to get a certificate of existence there.
In order to conduct business in Indiana, foreign corporations must also have a certificate of existence. You can file a request to the Indiana Secretary of State’s office to get a certificate of existence there.
Banks, professional organisations, government bodies, and other institutions may all issue letters of good standing. For instance, a lender would need a bank letter stating that the borrower is in good standing with their bank and has a strong credit history.
In terms of government organizations, the Internal Revenue Service (IRS) may issue a letter of good standing to certify that a taxpayer is current on their tax payments. A letter of good standing from a professional association stating that a member is adhering to the highest ethical and professional standards is also possible.
A crucial step in making sure your company is in compliance with state rules and regulations is obtaining a certificate of good standing. You can do the actions listed above to get a certificate of good standing in Delaware. A certificate of existence or authorization to conduct business in various states may be required if you are operating your business in those states. Furthermore, different organizations may give letters of good standing for various reasons.
Depending on your particular circumstance, you might or might not require a certificate of good standing. However, there are a number of typical causes for why people or organizations may call for a Delaware certificate of good standing. To demonstrate to potential investors or business partners that your company is in good standing with the state, for instance, or to apply for a loan, business license, or to register to conduct business in another state, you might require a certificate of good standing. If you’re unsure whether obtaining a certificate of good standing is necessary for your particular circumstance, it’s wise to speak with a lawyer or business expert.