You may be asked to provide a certificate of good standing for your Oklahoma limited liability company (LLC). Banks and creditors often ask for this document before issuing business credit to ensure you comply.
An Oklahoma 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 an Oklahoma Certificate of Good Standing?
In Oklahoma, 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 you’re not required to get a certificate of good standing in Oklahoma, 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 Oklahoma
You must have a registered business entity in the state, LLC, corporation, or limited partnership. 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, corporation, or limited partnership in Oklahoma. That means you’ll need to be up to date on all Oklahoma business licenses, permits, and reporting requirements.
Which Department Issues Certificates of Good Standing in Oklahoma?
In Oklahoma, the Secretary of State issues certificates of good standing. You can obtain one online.
How to Get a Certificate of Good Standing in Oklahoma
First, visit the Oklahoma Secretary of State’s Business Entity Orders page.
On the right-hand side, under “Popular SOS Online Services,” click “Certificate of Good Standing.” Then, on this next page, search for your business by name.
From the results, click on the filing number for your business, which will take you to this page. At the bottom, select “Order Documents.”
Enter your contact information.
Select “Certificate of Good Standing” near the top on this next page. You can also choose other items to order.
Go through the checkout process. For example, you can create or log in to an SOS account or checkout as a guest.
Once the order has been processed, you will receive an email through which you can pay for your order and retrieve your documents.
The fee is $20, with a 4% convenience fee for credit cards. Assuming your LLC is in full compliance, you should be able to download your certificate once you get the email and pay.
You cannot request your certificate by mail. You can only obtain it online.
Getting a certificate of good 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.