An official document known as a certificate of good standing attests to the fact that a registered firm is in good standing with the state. This paper is published by the Arizona Corporation Commission (ACC) in Arizona. When a business asks for a license or permit or seeks financing, banks, lenders, and other financial institutions frequently demand it. Here is how to get an Arizona certificate of good standing.
Step 1: Determine Your Status Make sure your company is in good standing with the ACC before requesting a certificate of good standing. This implies that all fees, taxes, and filings for your company must be current. By accessing the ACC website and searching its database, you can determine the status of your company.
Once you’ve shown that your company is legitimate, you can apply to the ACC for a certificate of good standing. The application can be completed online or by mail and is accessible on the ACC website. Basic details regarding your company, such as its name, address, and entity type, are required by the application.
Step 3: Submit the Fee
An Arizona certificate of good standing must be purchased for a cost. Depending on the corporate entity type and the mode of submission, there are different fees. The application fee may be paid online with a credit or debit card, by mailing a check or money order, or both.
Depending on how it is submitted, a certificate of good standing in Arizona may take a certain amount of time to process. Your certificate should arrive within 24 hours if you submit your application online. The processing time for applications sent by mail can be up to two weeks.
When requesting a license renewal in Arizona, several licensee types are required to provide documentation of their good standing with the ACC. These consist of: Corporations, Limited Liability Companies, Limited Partnerships, Limited Liability Partnerships, Professional Corporations, Professional Limited Liability Companies, and Limited Partnerships are just a few of the legal entities that fall under this category. Is a Certificate of Good Standing Required?
Although it is not required by law in Arizona, lenders, banks, and other financial institutions frequently ask for a certificate of good standing when a business requests funding or submits an application for a license or permit. Additionally, it can be helpful in proving that your company is in good standing with the state. Certificates of Good Standing are issued by who?
State where a company is registered issues certificates of good standing. They are issued by the Arizona Corporation Commission in that state. It’s crucial to check the regulations in the state where your firm is registered because other states can have different issuing authorities.
You can ask the Arizona Corporation Commission for a copy of the Articles of Organization or the Articles of Amendment if you want a copy of your LLC in that state. The document can be requested in person, by mail, or online. The cost to receive a copy of the document could be charged, and it would depend on how it was requested as well as the kind of document.