Written by: Carolyn Young
Carolyn Young has over 25 years of experience in business in various roles, including bank management, marketing management, and business education.
Reviewed by: Sarah Ruddle
For over 15 years, Sarah Ruddle has been a noteworthy leader in the business and nonprofit world.
Updated on August 22, 2023
At some point, you may be asked to provide a certificate of standing for your Iowa limited liability company (LLC). In addition, many creditors ask for a certificate of standing before issuing business credit.
An Iowa standing certificate is relatively easy to obtain, but it takes some know-how. Lucky for you, this handy guide tells you how to do it.
A certificate of standing, known as a certificate of good standing in most states, is issued by Iowa 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 standing in Iowa, but banks and creditors might request one, so it’s wise to have it on hand.
Again, a bank or creditor might request a certificate of standing 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 standing from your home state.
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 standing.
You’ll also need to comply with all legal requirements for your LLC or corporation in Iowa. That means you’ll need to be up to date on all Iowa business licenses, permits, and reporting requirements.
In Iowa, the Secretary of State issues certificates of standing. You can obtain one online.
Visit the Secretary of State’s website and search for your business by name or business number.
Select your business and then click “print certificate of existence.”
The fee is $5, and assuming your LLC is in compliance, you should be able to access your certificate online immediately.
However, you cannot request your certificate by mail. You can only obtain it online.
Getting a certificate of standing 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.
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