You may be asked to provide a certificate of good standing for your Arizona limited liability company (LLC). Many creditors ask for a certificate of good standing before issuing business credit.
An Arizona certificate of good standing is relatively easy to obtain, but it does take some know-how.
What Is an Arizona Certificate of Good Standing?
A certificate of good standing verifies that your LLC complies with all Arizona state regulations. The state will issue the certificate if you’ve met all deadlines, such as annual report filings.
In Arizona, a certificate of good standing is not required, but banks and creditors might request one, so it’s wise to have one.
In What Situations Would I Need a Certificate of Good Standing?
A bank or creditor might request a certificate of good standing when you apply for a business loan or business credit. They need to verify that you’re registered to do business in the state and fully compliant.
If you expand your business to other states, you’ll have to register as a foreign LLC. In such cases, the new state may request a certificate of good standing from your home state.
Requirements to Obtain a Certificate of Good Standing in Arizona
You must have a registered business entity in the state, either an LLC or a corporation. Sole proprietorships and partnerships do not register with the state, so they cannot obtain a certificate of good standing.
You’ll also need to be up to date on all Arizona business licenses and permits, along with reporting requirements for your LLC or corporation in Arizona.
Which Department Issues Certificates of Good Standing in Arizona?
In Arizona, the Corporations Commission issues certificates of good standing. You can obtain one online by logging into your account at the Corporations Commission website.
Just fill out the request form. The fee is $10, and assuming your LLC is in full compliance, you should be able to access the certificate online immediately.
You can also download the request form and mail it, with the $10 fee, to:
Arizona Corporation Commission
1300 W. Washington St.
Phoenix, Arizona 85007