You may be asked to provide a certificate of existence for your Indiana limited liability company (LLC). In addition, many creditors ask for a certificate of existence before issuing business credit.
An Indiana certificate of existence is relatively easy to obtain, but it does take some know-how. Lucky for you, this handy guide tells you how to do it.
What Is an Indiana Certificate of Existence?
A certificate of existence, known as a certificate of good standing in most states, is issued by the state of Indiana and verifies that your LLC complies with all state regulations. The state will issue the certificate if you’ve met all deadlines, such as annual report filings.
Keep in mind that you’re not required to get a certificate of existence in Indiana, 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 Existence?
Again, a bank or creditor might request a certificate of existence when you apply for a business loan or business credit. But, again, it’s nothing to worry about; just part of their due diligence and risk assessment to verify that you’re registered to do business in the state and fully compliant.
In addition, 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 existence from your home state.
Requirements to Obtain a Certificate of Existence in Indiana
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 existence.
You’ll also need to comply with all legal requirements for your LLC or corporation in Indiana. That means you’ll need to be up to date on all Indiana business licenses, permits, and reporting requirements.
Which Department Issues Certificates of Existence in Indiana?
In Indiana, the Secretary of State issues certificates of good standing. You can obtain one online.
How to Get a Certificate of Existence in Indiana
Visit the Secretary of State’s website and select either the basic certificate of existence or the long form.
Then you’ll need to log in to your account on the website and request the form.
The fee is $26 when you submit your request online, and assuming your LLC complies; you should be able to access your certificate online immediately.
Alternatively, you can download the request form and mail it, with the fee, to:
Indiana Secretary of State
Attn: Certification Clerk
302 West Washington Street
Indianapolis, IN 4620
Getting a certificate of existence may seem like a hassle, but you won’t think that when you need financing. So be sure to get it done when you have a chance – you, and your LLC, will be happy you did.