At some point, you may be asked to provide a certificate of good standing for your North Dakota limited liability company (LLC). Banks and creditors often ask for this document before issuing business credit to ensure you comply.
A North Dakota certificate of good standing is relatively easy to obtain, but it does take some know-how. Lucky for you, this handy guide walks you through the process.
What Is a North Dakota Certificate of Good Standing?
In North Dakota, a certificate of good standing verifies that your LLC is in full compliance with state regulations. The state will issue the certificate if you’ve met all deadlines and filed all relevant reports.
Keep in mind that in North Dakota, 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?
Again, a bank or creditor might request a certificate of good standing when you apply for a business loan or business credit. This is simply part of their due diligence and risk assessment, confirming 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 North Dakota
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 comply with all legal requirements for your LLC or corporation in North Dakota. That means you’ll need to be up to date on all North Dakota business licenses, permits, and reporting requirements.
Which Department Issues Certificates of Good Standing in North Dakota?
In North Dakota, the Secretary of State issues certificates of good standing.
How to Get a Certificate of Good Standing in North Dakota
Certificates can be obtained upon request with payment by check, money order, credit card (Visa, MasterCard, Discover, or American Express), or pre-authorized credit. The request can be made by:
- Calling 701-328-4284 or 800-352-0867 (Ext. 328-4284)
- Fax at 701-328-2992 addressed to the Business Division
- Email to [email protected]
- Mail addressed to
Secretary of State
600 E. Boulevard Ave. Dept. 108
Bismarck ND 58505-0500
The fee is $20, and assuming your LLC is in full compliance, your request should be processed within one to two business days.
Getting a certificate of good standing may seem like a hassle, but you won’t think that when you need financing. Be sure to get it done when you have a chance – you, and your LLC, will be happy you did.