A state government agency will issue a certificate of good standing to demonstrate that a company or other entity has the legal right to operate in that state. The certificate of good standing may also be referred to as a status certificate, an authorization certificate, or a certificate of existence. A certificate of good standing is used to demonstrate to third parties that an organization is in conformity with all applicable state laws.
A certificate of good standing in Ohio is good for 90 days after the day it was issued. A fresh certificate must be obtained after that. The Ohio Secretary of State’s office will provide the certificate of good standing upon request.
A certificate of good standing is not always necessary in Pennsylvania, but it may be helpful occasionally. A certificate of good standing can reassure other parties that a firm is in good standing with the state, for instance, if it wants to acquire funding or sign a contract. A Pennsylvania certificate of good standing costs $20 and can be purchased online from the Department of State.
When submitting an application for international qualification in New Jersey, a certificate of good standing is necessary. When an out-of-state company wishes to do business in New Jersey, it must obtain foreign certification. The Division of Revenue and Enterprise Services is responsible for issuing the certificate of good standing in New Jersey.
Depending on the kind of corporate company, a certificate of good standing in California can cost different amounts. For instance, a partnership will cost $5 whereas a corporation or LLC will cost $9. The Secretary of State’s office in California is responsible for issuing the certificate of good standing.
A certificate of good standing, then, is a crucial legal document that certifies that a company or other body is in conformity with all applicable state laws. When applying for financing, signing contracts, or conducting business in another state, for example, the certificate may be necessary. Depending on the state and the nature of the corporate entity, the certificate’s price and duration may change.
A Certificate of Good Standing in Delaware is good for 30 days from the date of issuance. If a certificate is required for a transaction after its expiration date, it is advised to get a new one.