CERTIFICATE OF GOOD STANDING AND CHANGE OF REGISTERED AGENT SERVICES
Call today to learn about a Certificate of Good Standing or a Change of Registered Agent from The Business Hatchery LLC of Dallas, TX
Certificate of Good Standing Fee – $119.99
Change of Registered Agent – $74.99
WHAT IS A CERTIFICATE OF GOOD STANDING?
A Certificate of Good Standing is a formal document issued by the secretary of state’s office in your state to attest that your company is in “good standing” and compliant in the state where it was founded. A Certificate of Good Standing demonstrates that your LLC or corporation is legitimately formed and permitted to conduct business in your home state, like holding a driver’s license or other forms of personal identification.
Other names for a Certificate of Good Standing
- Certificate of Existence
- Certificate of Authorization
- Certificate of Status
The Good Standing Certificate, which is a one-page document supplied by the secretary of state that offers solid evidence of the existence of your corporate entity, is also known as a Certificate of Existence, Certificate of Authorization, or Certificate of existence. It frequently has a maximum validity of three months.
When do You Need a Certificate of Good Standing?
In some circumstances, you might need to provide evidence that your company is legitimate and operating by all applicable rules and laws. This evidence is provided by a Certificate of Good Standing from your state. A Certificate of Good Standing is frequently needed to submit your business taxes, renew your business license, or apply for a loan.
There are a few key reasons why your company might need a Certificate of Good Standing:
- Other state governments, as part of the process of applying for Foreign Qualifications for your business to register to do business in states other than your home state
- Lenders or banks that want to get proof of your business’s existence and business history as part of evaluating your creditworthiness for a loan or when carrying out certain types of transactions
- Investors or business partners who want to make sure your business is legitimate and in compliance with laws and regulations
- Licensing agencies and regulators —to renew or obtain specific permits and licenses
- Business brokers or buyers — if you are seeking to sell your business and need to show proof of its existence, history, and compliance
Defined, the Certificate of Good Standing is a tool that you may use to demonstrate the legitimacy of your company and your compliance with the law as a business owner. It raises your credibility and dependability in the eyes of possible business partners, financiers, and lenders. Getting a Certificate of Good Standing is a straightforward yet occasionally essential step in preserving your company’s reputation and expanding your activities into other markets.
HOW DO I GET A CERTIFICATE OF GOOD STANDING?
When do You Need a Certificate of Good Standing?
In some circumstances, you might need to provide evidence that your company is legitimate and operating by all applicable rules and laws. This evidence is provided by a Certificate of Good Standing from your state. A Certificate of Good Standing is frequently needed to submit your business taxes, renew your business license, or apply for a loan.
There are a few key reasons why your company might need a Certificate of Good Standing:
- Other state governments, as part of the process of applying for Foreign Qualifications for your business to register to do business in states other than your home state
- Lenders or banks that want to get proof of your business’s existence and business history as part of evaluating your creditworthiness for a loan or when carrying out certain types of transactions
- Investors or business partners who want to make sure your business is legitimate and in compliance with laws and regulations
- Licensing agencies and regulators —to renew or obtain specific permits and licenses
- Business brokers or buyers — if you are seeking to sell your business and need to show proof of its existence, history, and compliance
Defined, the Certificate of Good Standing is a tool that you may use to demonstrate the legitimacy of your company and your compliance with the law as a business owner. It raises your credibility and dependability in the eyes of possible business partners, financiers, and lenders. Getting a Certificate of Good Standing is a straightforward yet occasionally essential step in preserving your company’s reputation and expanding your activities into other markets.
HOW TO CHANGE A REGISTERED AGENT?
Changing your registered agent is relatively simple, requiring you to fill out a “Change of Registered Agent” form in your particular state. The form used to process the order, the processing fee, and the information needed varies by state, so adhere to the specific requirements listed by your secretary of state.
WHAT IS A REGISTERED AGENT?
A registered agent is someone who is registered to do business in the same state in which a business entity is established and who is appointed to receive service of process notices, correspondence from the secretary of state, and other official government notifications, including tax forms or potential lawsuits. All LLCs must choose a registered agent when filing with their secretary of state.
WHAT IS REQUIRED OF A REGISTERED AGENT?
A registered agent receives tax and legal documents for your business and ensures that you don’t miss important notifications regarding tax payments, lawsuits, or legal activities involving your business. However, a registered agent may or may not have a role in the operation of the business itself.
WHAT HAPPENS IF I DON’T APPOINT OR REPORT A CHANGE IN REGISTERED AGENTS?
All LLCs must designate a registered agent when they file with their secretary of state. Failing to do so will cause you to fall out of good standing with the state causing hefty fines. If you change your registered agent without notifying the secretary of state, penalties can include license revocation, fines, and your right to enter into legal contracts and gain access to the state court system could be revoked. Reinstatement proceedings could also include additional financial and legal hardships.
Can’t find what you’re looking for? Simply contact our staff today by calling 972-371-9594 .