A certificate of existence is a legal document used in North Carolina to confirm the existence of a company or corporation. It is sometimes referred to as a certificate of good standing or an authorization certificate. When a business wants to grow, open a bank account, or apply for a loan, this document is frequently needed.
The Secretary of State’s office in North Carolina is responsible for issuing certificates of existence. It is a legal document that certifies the company’s state registration and adherence to all applicable laws. The business must be registered with the state and current on all files and fees in order to get a certificate of existence.
The business must submit an application to the North Carolina Secretary of State’s office in order to receive a certificate of existence. The application must contain all pertinent information, the name and address of the business, as well as the name and address of the registered agent. The cost of an existence certificate is $30.
A similar document that is frequently required by banks or other lenders is a certificate of good standing. This document demonstrates that the company is in good standing with the state and is free of debts and legal problems. The company must fill out an application and pay a $5 charge in order to receive a certificate of good standing in North Carolina.
The business must be current on all necessary filings and fees in order to maintain a certificate of existence or a certificate of good standing in North Carolina. This includes any necessary filings, such as franchise taxes and annual reports. The certificate may be revoked for noncompliance, and there may also be legal repercussions.
In North Carolina, a certificate of existence is a significant document that certifies a company’s legal existence and demonstrates that it complies with all applicable laws. It can be obtained by filing an application to the Secretary of State’s office and is necessary for many business activities. Businesses must be current on all necessary filings and fees in order to maintain a certificate of existence or a certificate of good standing.