Guide to Obtaining a Colorado Certificate of Good Standing
Obtaining Colorado Certificate of Good Standing involves several steps, including acquiring the appropriate form, submitting the completed form along with the required fees, and receiving the official certificate. Here is a detailed explanation of each step:
Step 1: Get the Form
To begin the process, visit the Colorado Secretary of State and search for the specific form or application required to request Certificate of Good Standing.
Why You Need a Certificate of Good Standing
A certificate of good standing issued by the state of Colorado verifies that your LLC complies with all state regulations. Keep in mind that you’re not required to get a certificate of good standing in Colorado, but banks and creditors might request one.
Frequently Asked Questions (FAQs)
How long does it take to get a certificate of Good Standing in Colorado?
How much does a Colorado CGS cost?
Colorado has eliminated their long-form CGS option and replaced it with a free, printer-friendly version.
Step 1: Ensure that your Colorado business is in compliance. To be eligible for a Colorado certificate of good standing, your company must meet the following state compliance requirements:
- Permits and Licenses. To run a company in Colorado, you must adhere to federal, state, and municipal licensing requirements.
Additional Information
A Colorado Certificate of Good Standing is used for banking and real estate. It’s available online for free through CO Secretary of State.
The fee varies by state from free to $50. To register with D&C, submit a filled application form with photograph, scanned copies of 10th and 12th mark sheets and certificates. The certificate confirms compliance with state regulations and can also be called “certificate of presence” or “certificate of status.”
To execute a 1031 exchange, Colorado properties must be investment/business use to enable tax-deferred transition.