A Certificate of Existence, also called a Certificate of Good Standing, is a legal document that attests to a company’s registration and business license in the state of Alabama. This certificate is frequently necessary for a number of things, including loan applications and contracts with other businesses. Here is the information you need to know about acquiring a Certificate of Existence if you own a business in Alabama.
Although it is not required by Alabama law, many businesses and government bodies may insist on seeing a Certificate of Existence before doing business with your company. To give one example, before granting a loan application, banks and other lenders frequently want a Certificate of Existence. Additionally, for companies that operate in numerous states, certain states want a Certificate of Existence. How Much Does an Alabama Certificate of Existence Cost?
Depending on the type of business and the application process, a Certificate of Existence in Alabama might cost a variety of amounts. The typical application price is $28 for online applications and $35 for hardcopy applications. You can pay an extra $50 for expedited service if you need your certificate processed right away.
Does Alabama Require the Registration of a DBA? Businesses are not needed to file a DBA (Doing Business As) name registration in Alabama. However, you might need to submit a trade name registration form to the Alabama Secretary of State if you decide to use a name other than your official business name.
You must submit the necessary documentation to the Alabama Secretary of State’s office in order to register your company with the state of Alabama. Depending on the type of business structure you have selected, such as a sole proprietorship, partnership, or corporation, the paperwork you must file will vary. You might also need to register for state and local taxes and get an IRS tax ID number.
In conclusion, applying for a Certificate of Existence in Alabama is a straightforward procedure that can be performed online or on paper. Although it is not needed by law, it might be required for a variety of commercial needs. Additionally, you might need to register your trade name if you conduct business under a name other than your official business name. You must submit the relevant documentation and get any essential tax IDs and licenses in order to register your business with the state of Alabama.
Depending on the kind of business entity and the county where it will be situated, different business names require different amounts of money to register in Alabama. A domestic LLC in Jefferson County, for instance, must pay a filing fee of $150, whereas a foreign LLC must pay a filing fee of $200. For precise details on charges and fees for registering a business name in Alabama, it is advisable to speak with the Alabama Secretary of State’s office or a business attorney.