A Certificate of Good Standing shows a Colorado business is compliant with state laws. To qualify, a business must have required licenses and permits, pay state taxes, and file regular reports. The certificate is an official document signed by the Secretary of State. It has no expiration date.
Business Compliance and Loan Applications
Banks and creditors may require a Certificate of Good Standing when applying for a business loan. The $10 fee to obtain one is non-refundable. It typically takes 7-10 days to receive a certificate after submitting the application form to the Secretary of State. The certificate is valid for 90 days and includes information on the company’s compliance status.
Restoring a Company’s Status
To restore a dissolved company, Articles of Reinstatement can be filed. The timeline varies. If a company is not in Good Standing, its status would be Delinquent, Exists, Dissolved, or Revoked. In that case, a Company Search from the Secretary of State can be provided instead of the certificate.
Obtaining the Certificate
You can apply for a Certificate of Status in Colorado online, by mail, or in person:
- Online applications can be instantly received.
- Mail applications take up to two weeks.
- In person applications are typically processed same day.
The cost is $10.
Only an authorized company representative in good standing can obtain a Certificate of Status in Colorado. Along with the Secretary of State’s signature, a Certificate includes: company name, status, and eligibility to do business.