You might be familiar with the term “Certificate of Good Standing” (COGS) if you run a business in California. A COGS serves as proof that your company is legitimately allowed to operate in California and is in accordance with all applicable rules and laws. When requesting contracts, loans, or company permits, this document is frequently needed. But what is the price of a COGS in California?
The price of a COGS varies in California depending on the kind of organization and the turnaround time. It costs $5 for normal processing (5-7 working days) and $30 for expedited processing (24 hours) for corporations and limited liability firms, respectively. The price is $10 for ordinary processing or $50 for expedited processing for limited partnerships and limited liability partnerships. Corporations that are nonprofits must pay a $10 processing fee or $50 for expedited processing.
For seeking a certified copy of the COGS or requesting a copy of the document by mail, there can be further expenses in addition to the usual processing price. Depending on the kind of company and the request, these fees might range from $5 to $25.
A Certificate of Existence in Washington state is comparable to a COGS in California. Washington State charges $20 for online requests and $30 for mail-in requests for a Certificate of Existence. This certificate attests that your company is legitimately allowed to operate in Washington State and complies with all applicable rules and laws.
Finally, a Certificate of Existence is also necessary for firms to operate in Oregon. An Oregon Certificate of Existence costs $25 if requested by mail and $10 if requested online. This document attests that your company is legitimately allowed to operate in Oregon and complies with all rules and regulations set forth by the state.
The price of a COGS or Certificate of Existence varies by state and entity type, in conclusion. To make sure that your company is in good standing and suitable for numerous commercial prospects, it is crucial to obtain this certificate. For the most recent information regarding costs and specifications for getting a COGS or a Certificate of Existence, be sure to consult the website of your state’s Secretary of State.