Definition of Certificate of Existence
In Oregon, a certificate of existence verifies a business is legally registered. Potential creditors or investors might request it when applying for financing. You do not need it to operate; it simply verifies status to third parties. Banks or creditors might request it when applying for a loan, to confirm no issues. The Oregon Secretary of State issues certificates. To qualify, a business must comply with rules. The cost is $10. Anyone can apply for a certificate showing registration and fee payment.
Similarity of Certificate of Existence in Utah
What is a certificate of existence in Utah?
What is another name for a certificate of existence?
In Oregon, a certificate of existence verifies a business is legally registered and permitted to operate. Potential creditors or investors might request it when applying for financing. You do not need it to do business; it simply verifies status to third parties. Banks or creditors might request it when applying for a loan, to confirm no outstanding issues. The Oregon Secretary of State issues certificates. To qualify, a business must comply with regulations. The filing cost is $10. Anyone can apply for a certificate showing registration and fee payment.