Certificate of Existence in Oregon
A certificate of existence verifies a business is legally registered and permitted to operate in Oregon. Potential creditors or investors might request it when applying for financing to confirm status. You do not need it to do business; it simply verifies status. The Secretary of State issues certificates for $10. Anyone can apply showing registration and fee payment.
Purpose and Application Process
Potential creditors or investors might request these certificates when a business applies for financing. A certificate verifies that the business is registered to operate in that state. Banks could also ask for one when a company applies for a loan. It would confirm the business has no outstanding problems. To get a certificate, the company has to follow state regulations. Anyone can request one by providing registration details and paying a fee.
Obtaining 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.