How to Obtain a Certificate of Good Standing in Oklahoma
The best way to get a Certificate of Good Standing in Oklahoma is to contact the Oklahoma Secretary of State.
Difference Between Certificate of Good Standing and Certificate of Existence in Oklahoma
A Certificate of Good Standing proves that a business is registered with the state and is in good standing. What is the difference between a Certificate of Good Standing and a Certificate of Existence in Oklahoma? A Certificate of Good Standing is an official document issued by the Oklahoma Secretary of State that proves that a business is registered with the state and is in good standing. A Certificate of Existence is an official document issued by the Oklahoma Secretary of State that proves the existence of a business in the state. An Oklahoma Good Standing Certificate (Oklahoma Certificate of Existence) is a one-page document which looks like a letter and bears the seal and signature of the state of Oklahoma Secretary of State.
Process to Obtain a Letter of Good Standing
If you’re researching how to get a certificate of good standing in Oklahoma, you need to first verify that you are in fact in good standing with the Secretary of State. Here’s exactly how the process works in three steps:
- Register your Company with COID.
- Submit your employee expenses.
- Pay your yearly/monthly fee to COID.
In Oklahoma, a certificate of good standing verifies that your LLC is in full compliance with state regulations. The state will issue the certificate if you’ve met all deadlines and filed all relevant reports.
Is an Oklahoma Certificate of Good Standing Necessary?
Keep in mind that you’re not required to get a certificate of good standing in Oklahoma, but banks and creditors might request one, so it’s wise to have it on hand.
Types of Businesses Eligible for a Certificate of Good Standing
In Oklahoma, corporations, limited liability companies (LLCs), partnerships, nonprofits, sole proprietorships, and trusts can request a certificate of good standing. To obtain one, your organization must be current with all required state filings and paid up on taxes and other fees. In other words, you must be in “good standing.”
Information Required for Obtaining a Certificate of Good Standing
Thankfully, requesting a certificate of good standing is not complicated. You won’t need to provide extensive details about your business, financial information, or any fancy charts or graphs.
Cost and Timeliness of Obtaining a Certificate of Good Standing
In Oklahoma, ordering a certificate of good standing costs $20. The processing time varies depending on the method chosen:
- Online processing: within 1 business hour.
- Normal processing: 2-3 business days, plus additional time for mailing.
- Counter service: within 1 business hour.
Reasons an Oklahoma LLC Might Fail to Be in Good Standing
Some reasons an Oklahoma LLC might fail to be in good standing include failing to comply with annual report filing requirements or failing to pay fees or taxes owed.