You may be asked to provide a certificate of good standing for your Hawaii limited liability company (LLC). Many creditors ask for a certificate of good standing before issuing business credit.
A Hawaii certificate of good standing is relatively easy to obtain, but it does take some know-how.
What Is a Hawaii Certificate of Good Standing?
A certificate of good standing issued by the state verifies that your LLC complies with all Hawaii regulations. The state will issue the certificate once you’ve met all deadlines, such as annual report filings.
In Hawaii, you’re not required to get a certificate of good standing, but banks and creditors might request one, so it’s wise to have it on hand.
In What Situations Would I Need a Certificate of Good Standing?
A bank or creditor might request a certificate of good standing as part of their due diligence and risk assessment when they 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 Hawaii
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 Hawaii business licensing, permits, and reporting requirements for your LLC or corporation in Hawaii.
Which Department Issues Certificates of Good Standing in Hawaii?
In Hawaii, the Business Registration Division, in conjunction with the Department of Commerce and Consumer Affairs, issues certificates of good standing through the Hawaii business portal.
Enter your business name and add the certificate of good standing to your cart to purchase it.
The fee is $7.50, and assuming your LLC is compliant, you should be able to access your certificate online immediately.
Alternatively, requests for Good Standing Certificates can also be submitted via phone, email, mail, fax, or in person.
If you wish to mail your request, send it with the fee to:
Department of Commerce and Consumer Affairs
Business Registration Division
P.O. Box 40
Honolulu, HI 96810
Additional contact information:
Phone: (808) 586-2727
Email: [email protected]
Fax: (808) 586-2733