A certificate confirms a company is registered, pays taxes and fees, and legally operates. It shows legitimacy to partners. Lenders require it for financing.
Reasons to Obtain a Certificate
- Allows opening bank accounts
- May be required by partners
Validity Period
Validity depends on the situation. Requesting agencies or states often determine validity, but commonly certificates last 60-90 days.
Eligibility and Cost
- Corporations and LLCs: Eligible
- Sole Proprietors: Often don’t qualify
- Secretary of State: Handles certificates
- Cost: Generally under $50
State-Specific Information
How long is a CA certificate of Good Standing valid?
Certificate validity may vary, with some lasting a business’s lifetime, but commonly 60-90 days.
How long is a certificate of Good Standing valid in NY?
Validity varies, and requesting agencies or states usually set the terms, but certificates typically last 60-90 days.