Overview and Cost
The fees for obtaining a Certificate of Good Standing cost around $20 in Oklahoma. Check the Oklahoma Secretary of State website for the most up-to-date fee schedule. The Certificate of Good Standing’s processing time varies; it can take a few days to a few months to obtain.
How to Get One
In Oklahoma, you can visit the Oklahoma Secretary of State website which offers an online portal for business services, including the option to request a Certificate of Good Standing. You may need to create an account or log in to your existing account to access the application process.
An Oklahoma Good Standing Certificate is official documentation that the company named is legally eligible to do business in the state. It includes a certification from the Secretary of State of Oklahoma that outlines their custodianship of records relating to business entities’ rights to transact business in Oklahoma.
Who Needs a Certificate of Good Standing?
Oklahoma businesses are not legally required to obtain a certificate of good standing. However, your business may choose to get one if you decide to do business outside of Oklahoma or get a business bank account. Banks, creditors, or other states may request a certificate of good standing when conducting certain transactions, such as applying for a business loan or registering as a foreign LLC.
To get a Certificate of Authority to conduct business in a state other than your domicile state, submit an application along with the necessary certificates from your home state. You’ll also need to appoint a registered agent in Oklahoma.
Steps to Obtain a Certificate
- Ensure that your Oklahoma business is in compliance with state regulations. This includes adhering to federal, state, and municipal licensing requirements.
- Contact the Oklahoma Secretary of State and submit a request along with the applicable fees.
Processing Time and Methods
How long it takes to get a Certificate of Good Standing:
- Online processing: within 1 business hour.
- Normal processing: 2-3 business days, plus mailing.
- Counter service: within 1 hour.
Importance of Good Standing
Certificates of good standing are important because they demonstrate legal compliance and trustworthiness. This document can provide banks, lenders, and other entities with evidence that your company has fulfilled necessary state obligations, such as filing reports and paying fees.
In contexts where you’re required to show evidence of good standing, lacking one could hinder your business activities. The quickest way to obtain a certificate is online, with normal processing times and costs being consistent for this service.