A New York Certificate of Status (commonly known as Certificate of Good Standing) is a document issued by the state that proves your entity exists and is in compliance with all state requirements.
- The official certificate is a.pdf laser printable document that bears the great seal of the New York Department of State and contains the company name and date of incorporation, as well as a statement that the organization exists. A New York Certificate of Existence can be obtained in two ways.
Do I need a certificate of existence for my LLC in NY?
New York businesses are not legally required to obtain a certificate of status. However, your business may choose to get one if you decide to do business outside of New York or get a business bank account.
What is a certification of existence?
A Certificate of Good Standing, also called a “Certificate of Existence” or “Certificate of Authorization,” is a state-issued document that shows that your corporation or limited liability company (LLC) has met its statutory requirements and is authorized to do business in that state.
Why do I need a certificate of existence?
A Certificate of Good Standing or a Certificate of Existence is used by a business entity to prove that they are incorporated and legally authorized to conduct business in a particular state or jurisdiction.
How do I get a certificate of existence in NY?
A Certificate of Status may be obtained by submitting a written request to the New York State Department of State, Division of Corporations, One Commerce Plaza, 99 Washington Avenue, Albany, NY 12231. The written request must include the following information: A specific statement requesting a Certificate of Status.
Do I need a certificate of status for my LLC?
Generally, a business only needs a certificate of good standing when it is asked for one. You apply to register your business in another state as a foreign entity. To register a foreign entity, it is common for that state to require a certificate of good standing from the state where the company was formed.
How long is a certificate of Good Standing valid in New York?
A Certificate of Good Standing may be valid for up to three months in most cases.
Is certificate of existence the same as good standing?
A Certificate of Existence, also referred to as a Certificate of Good Standing or a Certificate of Authorization, is a state-used document that proves that your company has met certain statutory requirements and is authorized to conduct business in that particular state.
What does status in existence mean?
A Certificate of Good Standing, signed by an state official is conclusive evidence that a corporation or LLC is in existence or authorized to transact business in the state, and that the company is in compliance with all state-required formalities.
How do I get a certificate of existence?
How to Obtain a Certificate of Good Standing:
- Order Certificate of Good Standing. In most states, you can simply visit the secretary of state’s website and order and download the certificate of good standing instantly.
- Submit Payment. The fee for a certificate of good standing varies widely by state from free to $50.
What is the difference between articles of organization and certificate of existence?
While both these terms sound confusing, they are essentially very similar. The Certificate of Incorporation refers to the formation documents of a new Corporation. The Articles of Organization refers to the formation documents of a new Limited Liability Company.
How long does it take to receive a certificate of status?
If you’ve filed your request for a Certificate of Status in person, you should receive your paperwork within the next business day. You must pick it up at the same office. Otherwise, requests for Certificates of Status are usually processed within one to two business days of receiving the request by mail.