You may be asked to provide a certificate of good standing for your Louisiana limited liability company (LLC). Banks and creditors often ask for this document before issuing business credit to ensure you comply.
A Louisiana certificate of good standing is relatively easy to obtain, but it does take some know-how.
What Is a Louisiana Certificate of Good Standing?
A certificate of good standing in Louisiana verifies that your LLC complies with state regulations. The state will issue the certificate if you’ve met all deadlines and filed all relevant reports.
You’re not required to get a certificate of good standing in Louisiana, 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. This simply confirms that your business has no outstanding regulatory issues.
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 good standing from your home state.
Requirements to Obtain a Certificate of Good Standing in Louisiana
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 Louisiana business licenses, permits, and reporting requirements for your LLC or corporation in Louisiana.
Which Department Issues Certificates of Good Standing in Louisiana?
In Louisiana, certificates of good standing are issued through the Secretary of State’s website.
You can search for your business, click on “View details” next to your business name, and “Buy certificates and certified copies.” Then you’ll select to purchase a certificate of good standing.
The fee is $20, and, assuming your LLC is in full compliance, you should be able to access your certificate online immediately.
Alternatively, you can mail a written request for the certificate, along with the $20 fee, to:
Secretary of State
P.O. Box 94125
Baton Rouge, LA 70804
The request can also be faxed to 225.932.5313