If you're planning on doing business in the state of Arizona or with an Arizona-based company, a "certificate of good standing" might be necessary to complete certain transactions. Also known as a "Certificate of Existence", this document certifies that the corporation or LLC formed in Arizona is still in good standing and has paid all necessary taxes and fees. In this article, we will explain how to acquire an Arizona Certificate of Good Standing.
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Step #1: Verify if you need a Certificate of Good Standing
Before applying for the certificate, determine if you need it. Here are some examples when an Arizona Certificate of Good Standing is required:
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- If you plan to register another business in Arizona and want to form that new entity under an existing domestic or foreign corporation, LLC, or non-profit organization, this certificate may be requested.
- Obtaining financing or filling in a vendor application often starts with obtaining official documents from the state in which you are headquartered.
- If you're selling some properties or planning to renew your business license, these certificates are required.
Step #2: Obtain Forms
Arizona Certificate of Good Standing form may be obtained online or from the Secretary of State’s office. These forms generally require the legal name of the entity, entity number (if known), the specific type of filing you seek, and payment.
Step #3: Fill Out Legal Forms
Once you have obtained the form, you will need to fill it out. You will be asked to provide basic information regarding your business and attest to its ongoing compliance with state laws.
Step #4: Pay Any Associated Fees
There is a fee for obtaining an Arizona certificate of good standing. The fees change from state to state, with some requiring more or less payment than others. You can find out the cost of the certificate by visiting the official website of the Arizona Secretary of State's office.
Step #5: Submit the Application
The final step to acquire the Arizona certificate of good standing is mailing the application to the Arizona Secretary of State’s office. This can also be done online through the Arizona SOS’s website if that is an available option. The processing time typically ranges from one working day to two weeks depending on the method you have chosen.
Conclusion
A Certificate of Good Standing is a state-sanctioned confirmation that confirms that the business or LLC is still in good standing for tax and regulatory purposes. It shows that the necessary fees and taxes are paid, and summarises that the company adheres to state regulations and complies with legal requirements set forth within the state. Certain official uses necessitate these documents. Obtaining an Arizona Certificate is affordable and can ensure efficient company management.
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